Price and trend forecast of SDBL for Tomorrow, Weekly, Monthly
Som Distilleries & Breweries Limited
Symbol: NSE:SDBL
ISIN: INE480C01020
111.81
As on 2024-10-04
SDBL's Today's Performance
Som Distilleries & Breweries Limited started the day by opening at 112.50 today 2024-10-04. Its shares reached a high of 113.78 and dipped to a low of 110.47 in intraday. When the markets closed, SDBL’s stock price settled at ₹111.81 per share. Also check out its key support and resistance levels.
SDBL Buy/Sell Targets
Tomorrow, sell SDBL when its price reaches ₹ 111.81 with a stop-loss order at ₹ 113.29. You can set the target price as ₹ 110.33 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 SDBL 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 SDBL
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 114 |
| Tomorrow Down Target 2 | 115 |
| Tomorrow Down Target 3 | 117 |
Important Levels for SDBL
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 110 |
| Tomorrow Up Target 2 | 109 |
| Tomorrow Up Target 3 | 107 |
Based on where the stock opens tomorrow, if SDBL opens on a positive note, our first target will be ₹114. If Target 1 is achieved, we will aim for Target 2 which is ₹115.
But if SDBL falls below the average value of ₹112.02, you can enter a sell side position with target number 1 - ₹110 and second target - ₹109 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 SDBL
Looking at SDBL, 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, SDBL has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for SDBL is moderate bearish.
Tomorrow's Volume based share price Forecast for SDBL
SDBL'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 45%.
Reversal detection for SDBL
SDBL may trend may continue to be bearish since stock is making lower low and we can get target of ₹113 in morning tomorrow
| Target 1 tomorrow | 113 |
| Target 2 tomorrow | 114 |
| Target 3 tomorrow | 115 |
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 SDBL'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 SDBL opens on a positive note, our first target will be ₹113.57. If Target 1 is achieved, we will aim for Target 2 which is ₹115.33.
But if SDBL falls below the average value of ₹112.02, you can enter a sell side position with target number 1 - ₹110.26 and second target - ₹108.71
SDBL's Weekly Targets
| 1st Up Target | 115.38 |
| 2nd Up Target | 118.94 |
| 1st Down Target | 109.36 |
| 2nd Down Target | 106.90 |
As the week for SDBL ended on bearish sentiments, we can expect further continuation of this sentiment. SDBL's initial target will be 115.38 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 109.36 in the upcoming week.
Weekly OHLC Values
| Open | 113.99 |
| High | 116.49 |
| Low | 110.47 |
| Close | 111.81 |
Week for SDBL started with an open price of 113.99, and the close was at 111.81. SDBL reached the highest of 116.49 and dipped lowest up to 110.47 last week. This indicates a bearish sentiment for the week.
SDBL full month swing targets
| Monthly Up Target 1 | 121.40 |
| Monthly Up Target 2 | 124.96 |
| Monthly Down Target 1 | 103.34 |
| Monthly Down Target 2 | 94.86 |
Targets of ₹121.40 can be expected to be reached in the coming month. Once SDBL achieved this target, we can aim for the next upside target of ₹124.96.
SDBL if fails to hold upside, down targets of ₹103.34 and ₹94.86 can be achieved by end of this month.
For complete three weeks if SDBL 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 SDBL
| Symbol | Name | Industry |
|---|---|---|
| ITC | ITC Limited | Tobacco |
| HINDUNILVR | Hindustan Unilever Limited | Household & Personal Products |
| DMART | Avenue Supermarts Limited | Discount Stores |
| NESTLEIND | Nestle India Limited | Packaged Foods |
| VBL | Varun Beverages Limited | Beverages - Non-Alcoholic |
Summary
SDBL is expected to reach the target of 113.57 in tomorrow's trading session.
After achieving the initial target in SDBL, we will aim for higher targets of 115.33 tomorrow.
However, if SDBL starts to trade below ₹112.02, then we will shift our focus to the sell side and aim for down targets of 110.26 and 108.71.