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

SecUR Credentials Limited

Symbol: NSE:SECURCRED

ISIN: INE195Y01010

19.90

As on 2024-04-12

15.60 (52W Low) 28.10 (52W High)

SECURCRED's Today's Performance

SecUR Credentials Limited started the day by opening at 20.00 today 2024-04-12. Its shares reached a high of 20.35 and dipped to a low of 19.75 in intraday. When the markets closed, SECURCRED’s stock price settled at ₹19.90 per share. Also check out its key support and resistance levels.

SECURCRED Buy/Sell Targets

Tomorrow, sell SECURCRED when its price reaches ₹ 19.90 with a stop-loss order at ₹ 20.53. You can set the target price as ₹ 19.27 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 SECURCRED for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for SECURCRED

Resistance Levels Value in ₹
Tomorrow Resistance 1 20
Tomorrow Resistance 2 21
Tomorrow Resistance 3 21

Important Supports for SECURCRED

Support Levels Value in ₹
Tomorrow Support 1 20
Tomorrow Support 2 19
Tomorrow Support 3 19
Based on where the stock opens tomorrow, if SECURCRED opens on a positive note, our first target will be ₹20. If Target 1 is achieved, we will aim for Target 2 which is ₹21.

But if SECURCRED falls below the average value of ₹20.00, you can enter a sell side position with target number 1 - ₹20 and second target - ₹19 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 SECURCRED

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

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

Tomorrow's Volume based share price Forecast for SECURCRED

SECURCRED'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 184%.

Reversal detection for SECURCRED

Predicted trend chart of SECURCRED tomorrow for price forecast
SECURCRED may trend may continue to be bearish since stock is making lower low and we can get target of ₹21 in morning tomorrow
Target 1 tomorrow20
Target 2 tomorrow20
Target 3 tomorrow21
 

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 SECURCRED'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 SECURCRED opens on a positive note, our first target will be ₹20.25. If Target 1 is achieved, we will aim for Target 2 which is ₹20.60.

But if SECURCRED falls below the average value of ₹20.00, you can enter a sell side position with target number 1 - ₹19.65 and second target - ₹19.40

SECURCRED's Weekly Targets
1st Up Target 21.57
2nd Up Target 23.23
1st Down Target 18.92
2nd Down Target 17.93

As the week for SECURCRED ended on bearish sentiments, we can expect further continuation of this sentiment. SECURCRED's initial target will be 21.57 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 18.92 in the upcoming week.

Weekly OHLC Values
Open 20.15
High 22.25
Low 19.60
Close 19.90

Week for SECURCRED started with an open price of 20.15, and the close was at 19.90. SECURCRED reached the highest of 22.25 and dipped lowest up to 19.60 last week. This indicates a bearish sentiment for the week.

SECURCRED full month swing targets
Monthly Up Target 1 24.22
Monthly Up Target 2 25.88
Monthly Down Target 1 16.27
Monthly Down Target 2 12.63

Targets of ₹24.22 can be expected to be reached in the coming month. Once SECURCRED achieved this target, we can aim for the next upside target of ₹25.88.

SECURCRED if fails to hold upside, down targets of ₹16.27 and ₹12.63 can be achieved by end of this month.

For complete three weeks if SECURCRED 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

SECURCRED is expected to reach the target of 20.25 in tomorrow's trading session.

After achieving the initial target in SECURCRED, we will aim for higher targets of 20.60 tomorrow.

However, if SECURCRED starts to trade below ₹20.00, then we will shift our focus to the sell side and aim for down targets of 19.65 and 19.40.