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

S Chand And Company Limited

Symbol: NSE:SCHAND

ISIN: INE807K01035

228.60

As on 2024-04-19

185.05 (52W Low) 335.00 (52W High)

SCHAND's Today's Performance

S Chand And Company Limited started the day by opening at 230.25 today 2024-04-19. Its shares reached a high of 232.35 and dipped to a low of 227.70 in intraday. When the markets closed, SCHAND’s stock price settled at ₹228.60 per share. Also check out its key support and resistance levels.

SCHAND Buy/Sell Targets

Tomorrow, sell SCHAND when its price reaches ₹ 228.60 with a stop-loss order at ₹ 231.65. You can set the target price as ₹ 225.55 to capture potential gains. This sell 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 SCHAND 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 SCHAND

Downside Targets Value in ₹
Tomorrow Down Target 1 231
Tomorrow Down Target 2 234
Tomorrow Down Target 3 236

Important Levels for SCHAND

Holding Levels Value in ₹
Tomorrow Up Target 1 227
Tomorrow Up Target 2 225
Tomorrow Up Target 3 222
Based on where the stock opens tomorrow, if SCHAND opens on a positive note, our first target will be ₹231. If Target 1 is achieved, we will aim for Target 2 which is ₹234.

But if SCHAND falls below the average value of ₹229.55, you can enter a sell side position with target number 1 - ₹227 and second target - ₹225 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 SCHAND

Looking at SCHAND, 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, SCHAND has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for SCHAND is moderate bearish.

Tomorrow's Volume based share price Forecast for SCHAND

SCHAND's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is 7%.

Reversal detection for SCHAND

Predicted trend chart of SCHAND tomorrow for price forecast
SCHAND may trend may continue to be bearish since stock is making lower low and we can get target of ₹233 in morning tomorrow
Target 1 tomorrow231
Target 2 tomorrow232
Target 3 tomorrow234
 

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 SCHAND'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 SCHAND opens on a positive note, our first target will be ₹231.40. If Target 1 is achieved, we will aim for Target 2 which is ₹234.20.

But if SCHAND falls below the average value of ₹229.55, you can enter a sell side position with target number 1 - ₹226.75 and second target - ₹224.90

SCHAND's Weekly Targets
1st Up Target 234.07
2nd Up Target 239.53
1st Down Target 225.42
2nd Down Target 222.23

As the week for SCHAND ended on bearish sentiments, we can expect further continuation of this sentiment. SCHAND's initial target will be 234.07 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 225.42 in the upcoming week.

Weekly OHLC Values
Open 235.00
High 236.35
Low 227.70
Close 228.60

Week for SCHAND started with an open price of 235.00, and the close was at 228.60. SCHAND reached the highest of 236.35 and dipped lowest up to 227.70 last week. This indicates a bearish sentiment for the week.

SCHAND full month swing targets
Monthly Up Target 1 242.72
Monthly Up Target 2 248.18
Monthly Down Target 1 216.77
Monthly Down Target 2 204.93

Targets of ₹242.72 can be expected to be reached in the coming month. Once SCHAND achieved this target, we can aim for the next upside target of ₹248.18.

SCHAND if fails to hold upside, down targets of ₹216.77 and ₹204.93 can be achieved by end of this month.

For complete three weeks if SCHAND 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.

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Summary

SCHAND is expected to reach the target of 231.40 in tomorrow's trading session.

After achieving the initial target in SCHAND, we will aim for higher targets of 234.20 tomorrow.

However, if SCHAND starts to trade below ₹229.55, then we will shift our focus to the sell side and aim for down targets of 226.75 and 224.90.