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

Seamec Limited

Symbol: NSE:SEAMECLTD

ISIN: INE497B01018

1,539.35

As on 2024-07-24

607.00 (52W Low) 1,610.00 (52W High)

SEAMECLTD's Today's Performance

Seamec Limited started the day by opening at 1,530.00 today 2024-07-24. Its shares reached a high of 1,610.00 and dipped to a low of 1,512.85 in intraday. When the markets closed, SEAMECLTD’s stock price settled at ₹1,539.35 per share. Also check out its key support and resistance levels.

SEAMECLTD Buy/Sell Targets

Tomorrow, buy SEAMECLTD when its price reaches ₹ 1,539.35 with a stop-loss order at ₹ 1,492.49. You can set the target price as ₹ 1,586.21 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 SEAMECLTD 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 SEAMECLTD

Downside Targets Value in ₹
Tomorrow Down Target 1 1,595
Tomorrow Down Target 2 1,651
Tomorrow Down Target 3 1,692

Important Levels for SEAMECLTD

Holding Levels Value in ₹
Tomorrow Up Target 1 1,498
Tomorrow Up Target 2 1,457
Tomorrow Up Target 3 1,401
Based on where the stock opens tomorrow, if SEAMECLTD opens on a positive note, our first target will be ₹1,595. If Target 1 is achieved, we will aim for Target 2 which is ₹1,651.

But if SEAMECLTD falls below the average value of ₹1,554.07, you can enter a sell side position with target number 1 - ₹1,498 and second target - ₹1,457 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 SEAMECLTD

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

Based on this, the predicted sentiment for SEAMECLTD is strong bearish.

Tomorrow's Volume based share price Forecast for SEAMECLTD

SEAMECLTD's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a strong bearish trend. Volume trend strength over the last month compared to the last week is 124%.

Reversal detection for SEAMECLTD

Predicted trend chart of SEAMECLTD tomorrow for price forecast
SEAMECLTD may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹1517 in morning tomorrow
Target 1 tomorrow1591
Target 2 tomorrow1614
Target 3 tomorrow1651
 

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 SEAMECLTD'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 SEAMECLTD opens on a positive note, our first target will be ₹1,595.28. If Target 1 is achieved, we will aim for Target 2 which is ₹1,651.22.

But if SEAMECLTD falls below the average value of ₹1,554.07, you can enter a sell side position with target number 1 - ₹1,498.13 and second target - ₹1,456.92

SEAMECLTD's Weekly Targets
1st Up Target 1,619.55
2nd Up Target 1,699.75
1st Down Target 1,449.60
2nd Down Target 1,359.85

As the week for SEAMECLTD ended on bullish sentiments, we can expect further continuation of this sentiment. SEAMECLTD's initial target will be 1,619.55 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 1,449.60 in the upcoming week.

Weekly OHLC Values
Open 1,440.05
High 1,610.00
Low 1,440.05
Close 1,539.35

Week for SEAMECLTD started with an open price of 1,440.05, and the close was at 1,539.35. SEAMECLTD reached the highest of 1,610.00 and dipped lowest up to 1,440.05 last week. This indicates a bullish sentiment for the week.

SEAMECLTD full month swing targets
Monthly Up Target 1 1,789.50
Monthly Up Target 2 1,869.70
Monthly Down Target 1 1,279.65
Monthly Down Target 2 1,019.95

Targets of ₹1,789.50 can be expected to be reached in the coming month. Once SEAMECLTD achieved this target, we can aim for the next upside target of ₹1,869.70.

SEAMECLTD if fails to hold upside, down targets of ₹1,279.65 and ₹1,019.95 can be achieved by end of this month.

For complete three weeks if SEAMECLTD 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

SEAMECLTD is expected to reach the target of 1,595.28 in tomorrow's trading session.

After achieving the initial target in SEAMECLTD, we will aim for higher targets of 1,651.22 tomorrow.

However, if SEAMECLTD starts to trade below ₹1,554.07, then we will shift our focus to the sell side and aim for down targets of 1,498.13 and 1,456.92.