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

Som Distilleries & Breweries Limited

Symbol: NSE:SDBL

ISIN: INE480C01020

345.00

As on 2024-04-24

163.80 (52W Low) 390.00 (52W High)

SDBL's Today's Performance

Som Distilleries & Breweries Limited started the day by opening at 327.70 today 2024-04-24. Its shares reached a high of 346.70 and dipped to a low of 326.00 in intraday. When the markets closed, SDBL’s stock price settled at ₹345.00 per share. Also check out its key support and resistance levels.

SDBL Buy/Sell Targets

Tomorrow, buy SDBL when its price reaches ₹ 345.00 with a stop-loss order at ₹ 337.98. You can set the target price as ₹ 352.03 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 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 1 352
Tomorrow Down Target 2 360
Tomorrow Down Target 3 373

Important Levels for SDBL

Holding Levels Value in ₹
Tomorrow Up Target 1 332
Tomorrow Up Target 2 319
Tomorrow Up Target 3 311
Based on where the stock opens tomorrow, if SDBL opens on a positive note, our first target will be ₹352. If Target 1 is achieved, we will aim for Target 2 which is ₹360.

But if SDBL falls below the average value of ₹339.23, you can enter a sell side position with target number 1 - ₹332 and second target - ₹319 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 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, SDBL has been on a Upward path, giving us insights how its value changes in the market.

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

Tomorrow's Volume based share price Forecast for SDBL

SDBL'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 45%.

Reversal detection for SDBL

Predicted trend chart of SDBL tomorrow for price forecast
SDBL may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹322 in morning tomorrow
Target 1 tomorrow347
Target 2 tomorrow352
Target 3 tomorrow360
 

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 ₹352.47. If Target 1 is achieved, we will aim for Target 2 which is ₹359.93.

But if SDBL falls below the average value of ₹339.23, you can enter a sell side position with target number 1 - ₹331.77 and second target - ₹318.53

SDBL's Weekly Targets
1st Up Target 356.80
2nd Up Target 368.60
1st Down Target 323.10
2nd Down Target 301.20

As the week for SDBL ended on bullish sentiments, we can expect further continuation of this sentiment. SDBL's initial target will be 356.80 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 323.10 in the upcoming week.

Weekly OHLC Values
Open 322.15
High 346.70
Low 313.00
Close 345.00

Week for SDBL started with an open price of 322.15, and the close was at 345.00. SDBL reached the highest of 346.70 and dipped lowest up to 313.00 last week. This indicates a bullish sentiment for the week.

SDBL full month swing targets
Monthly Up Target 1 390.50
Monthly Up Target 2 402.30
Monthly Down Target 1 289.40
Monthly Down Target 2 233.80

Targets of ₹390.50 can be expected to be reached in the coming month. Once SDBL achieved this target, we can aim for the next upside target of ₹402.30.

SDBL if fails to hold upside, down targets of ₹289.40 and ₹233.80 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.

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VBL Varun Beverages Limited Beverages - Non-Alcoholic

Summary

SDBL is expected to reach the target of 352.47 in tomorrow's trading session.

After achieving the initial target in SDBL, we will aim for higher targets of 359.93 tomorrow.

However, if SDBL starts to trade below ₹339.23, then we will shift our focus to the sell side and aim for down targets of 331.77 and 318.53.