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

Schaeffler India Limited

Symbol: NSE:SCHAEFFLER

ISIN: INE513A01022

3,275.70

As on 2024-04-19

2,612.20 (52W Low) 3,726.05 (52W High)

SCHAEFFLER's Today's Performance

Schaeffler India Limited started the day by opening at 3,254.90 today 2024-04-19. Its shares reached a high of 3,317.60 and dipped to a low of 3,183.80 in intraday. When the markets closed, SCHAEFFLER’s stock price settled at ₹3,275.70 per share. Also check out its key support and resistance levels.

SCHAEFFLER Buy/Sell Targets

Tomorrow, buy SCHAEFFLER when its price reaches ₹ 3,275.70 with a stop-loss order at ₹ 3,221.97. You can set the target price as ₹ 3,329.43 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 SCHAEFFLER for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for SCHAEFFLER

Downside Targets Value in ₹
Tomorrow Down Target 1 3,334
Tomorrow Down Target 2 3,393
Tomorrow Down Target 3 3,468

Important Levels for SCHAEFFLER

Holding Levels Value in ₹
Tomorrow Up Target 1 3,200
Tomorrow Up Target 2 3,125
Tomorrow Up Target 3 3,067
Based on where the stock opens tomorrow, if SCHAEFFLER opens on a positive note, our first target will be ₹3,334. If Target 1 is achieved, we will aim for Target 2 which is ₹3,393.

But if SCHAEFFLER falls below the average value of ₹3,259.03, you can enter a sell side position with target number 1 - ₹3,200 and second target - ₹3,125 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 SCHAEFFLER

Looking at SCHAEFFLER, we've seen a Decreasing 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, SCHAEFFLER has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for SCHAEFFLER is moderate bullish.

Tomorrow's Volume based share price Forecast for SCHAEFFLER

SCHAEFFLER's Volume is currently in a Decreasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is 85%.

Reversal detection for SCHAEFFLER

Predicted trend chart of SCHAEFFLER tomorrow for price forecast
SCHAEFFLER may trend may continue to be bullish since stock is making higher highs and we can get target of ₹3246 in morning tomorrow
Target 1 tomorrow3310
Target 2 tomorrow3342
Target 3 tomorrow3393
 

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 SCHAEFFLER'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 SCHAEFFLER opens on a positive note, our first target will be ₹3,334.27. If Target 1 is achieved, we will aim for Target 2 which is ₹3,392.83.

But if SCHAEFFLER falls below the average value of ₹3,259.03, you can enter a sell side position with target number 1 - ₹3,200.47 and second target - ₹3,125.23

SCHAEFFLER's Weekly Targets
1st Up Target 3,341.35
2nd Up Target 3,407.00
1st Down Target 3,186.30
2nd Down Target 3,096.90

As the week for SCHAEFFLER ended on bullish sentiments, we can expect further continuation of this sentiment. SCHAEFFLER's initial target will be 3,341.35 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 3,186.30 in the upcoming week.

Weekly OHLC Values
Open 3,268.35
High 3,317.60
Low 3,162.55
Close 3,275.70

Week for SCHAEFFLER started with an open price of 3,268.35, and the close was at 3,275.70. SCHAEFFLER reached the highest of 3,317.60 and dipped lowest up to 3,162.55 last week. This indicates a bullish sentiment for the week.

SCHAEFFLER full month swing targets
Monthly Up Target 1 3,496.40
Monthly Up Target 2 3,562.05
Monthly Down Target 1 3,031.25
Monthly Down Target 2 2,786.80

Targets of ₹3,496.40 can be expected to be reached in the coming month. Once SCHAEFFLER achieved this target, we can aim for the next upside target of ₹3,562.05.

SCHAEFFLER if fails to hold upside, down targets of ₹3,031.25 and ₹2,786.80 can be achieved by end of this month.

For complete three weeks if SCHAEFFLER 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 SCHAEFFLER

Symbol Name Industry
MARUTI Maruti Suzuki India Limited Auto Manufacturers
TATAMTRDVR Tata Motors Limited Auto Manufacturers
TATAMOTORS Tata Motors Limited Auto Manufacturers
TITAN Titan Company Limited Luxury Goods
BAJAJ-AUTO Bajaj Auto Limited Auto Manufacturers

Summary

SCHAEFFLER is expected to reach the target of 3,334.27 in tomorrow's trading session.

After achieving the initial target in SCHAEFFLER, we will aim for higher targets of 3,392.83 tomorrow.

However, if SCHAEFFLER starts to trade below ₹3,259.03, then we will shift our focus to the sell side and aim for down targets of 3,200.47 and 3,125.23.