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Price and trend forecast of SBFC for Tomorrow, Weekly, Monthly

SBFC Finance Limited

Symbol: NSE:SBFC

ISIN: N/A

87.60

As on 2024-04-12

72.40 (52W Low) 98.00 (52W High)

SBFC's Today's Performance

SBFC Finance Limited started the day by opening at 86.55 today 2024-04-12. Its shares reached a high of 88.75 and dipped to a low of 85.05 in intraday. When the markets closed, SBFC’s stock price settled at ₹87.60 per share. Also check out its key support and resistance levels.

SBFC Buy/Sell Targets

Tomorrow, buy SBFC when its price reaches ₹ 87.60 with a stop-loss order at ₹ 85.84. You can set the target price as ₹ 89.36 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of SBFC for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for SBFC

Resistance Levels Value in ₹
Tomorrow Resistance 1 89
Tomorrow Resistance 2 91
Tomorrow Resistance 3 93

Important Supports for SBFC

Support Levels Value in ₹
Tomorrow Support 1 86
Tomorrow Support 2 83
Tomorrow Support 3 82
Based on where the stock opens tomorrow, if SBFC opens on a positive note, our first target will be ₹89. If Target 1 is achieved, we will aim for Target 2 which is ₹91.

But if SBFC falls below the average value of ₹87.13, you can enter a sell side position with target number 1 - ₹86 and second target - ₹83 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of SBFC

Looking at SBFC, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, SBFC has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for SBFC is strong bullish.

Tomorrow's Volume based share price Forecast for SBFC

SBFC's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a strong bullish trend. Volume trend strength over the last month compared to the last week is 1807%.

Reversal detection for SBFC

Predicted trend chart of SBFC tomorrow for price forecast
SBFC may trend may continue to be bullish since stock is making higher highs and we can get target of ₹85 in morning tomorrow
Target 1 tomorrow89
Target 2 tomorrow89
Target 3 tomorrow91
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with SBFC's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if SBFC opens on a positive note, our first target will be ₹89.22. If Target 1 is achieved, we will aim for Target 2 which is ₹90.83.

But if SBFC falls below the average value of ₹87.13, you can enter a sell side position with target number 1 - ₹85.52 and second target - ₹83.43

SBFC's Weekly Targets
1st Up Target 90.55
2nd Up Target 93.50
1st Down Target 82.85
2nd Down Target 78.10

As the week for SBFC ended on bullish sentiments, we can expect further continuation of this sentiment. SBFC's initial target will be 90.55 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 82.85 in the upcoming week.

Weekly OHLC Values
Open 83.85
High 88.75
Low 81.05
Close 87.60

Week for SBFC started with an open price of 83.85, and the close was at 87.60. SBFC reached the highest of 88.75 and dipped lowest up to 81.05 last week. This indicates a bullish sentiment for the week.

SBFC full month swing targets
Monthly Up Target 1 98.25
Monthly Up Target 2 101.20
Monthly Down Target 1 75.15
Monthly Down Target 2 62.70

Targets of ₹98.25 can be expected to be reached in the coming month. Once SBFC achieved this target, we can aim for the next upside target of ₹101.20.

SBFC if fails to hold upside, down targets of ₹75.15 and ₹62.70 can be achieved by end of this month.

For complete three weeks if SBFC is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as SBFC

Symbol Name Industry
HDFCBANK HDFC Bank Limited Banks - Regional
ICICIBANK ICICI Bank Limited Banks - Regional
SBIN State Bank of India Banks - Regional
LICI Life Insurance Corporation Of India Insurance - Life
BAJFINANCE Bajaj Finance Limited Credit Services

Summary

SBFC is expected to reach the target of 89.22 in tomorrow's trading session.

After achieving the initial target in SBFC, we will aim for higher targets of 90.83 tomorrow.

However, if SBFC starts to trade below ₹87.13, then we will shift our focus to the sell side and aim for down targets of 85.52 and 83.43.