Price and trend forecast of SHALBY for Tomorrow, Weekly, Monthly
Shalby Limited
Symbol: NSE:SHALBY
ISIN: INE597J01018
279.95
As on 2024-07-26
SHALBY's Today's Performance
Shalby Limited started the day by opening at 278.00 today 2024-07-26. Its shares reached a high of 283.80 and dipped to a low of 278.00 in intraday. When the markets closed, SHALBY’s stock price settled at ₹279.95 per share. Also check out its key support and resistance levels.
SHALBY Buy/Sell Targets
Tomorrow, buy SHALBY when its price reaches ₹ 279.95 with a stop-loss order at ₹ 277.03. You can set the target price as ₹ 282.88 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 SHALBY 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 SHALBY
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 283 |
| Tomorrow Down Target 2 | 286 |
| Tomorrow Down Target 3 | 289 |
Important Levels for SHALBY
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 277 |
| Tomorrow Up Target 2 | 275 |
| Tomorrow Up Target 3 | 272 |
Based on where the stock opens tomorrow, if SHALBY opens on a positive note, our first target will be ₹283. If Target 1 is achieved, we will aim for Target 2 which is ₹286.
But if SHALBY falls below the average value of ₹280.58, you can enter a sell side position with target number 1 - ₹277 and second target - ₹275 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 SHALBY
Looking at SHALBY, 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, SHALBY has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for SHALBY is moderate bearish.
Tomorrow's Volume based share price Forecast for SHALBY
SHALBY'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 124%.
Reversal detection for SHALBY
SHALBY may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹278 in morning tomorrow
| Target 1 tomorrow | 283 |
| Target 2 tomorrow | 284 |
| Target 3 tomorrow | 286 |
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 SHALBY'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 SHALBY opens on a positive note, our first target will be ₹283.17. If Target 1 is achieved, we will aim for Target 2 which is ₹286.38.
But if SHALBY falls below the average value of ₹280.58, you can enter a sell side position with target number 1 - ₹277.37 and second target - ₹274.78
SHALBY's Weekly Targets
| 1st Up Target | 292.27 |
| 2nd Up Target | 304.58 |
| 1st Down Target | 268.32 |
| 2nd Down Target | 256.68 |
As the week for SHALBY ended on bearish sentiments, we can expect further continuation of this sentiment. SHALBY's initial target will be 292.27 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 268.32 in the upcoming week.
Weekly OHLC Values
| Open | 281.05 |
| High | 292.95 |
| Low | 269.00 |
| Close | 279.95 |
Week for SHALBY started with an open price of 281.05, and the close was at 279.95. SHALBY reached the highest of 292.95 and dipped lowest up to 269.00 last week. This indicates a bearish sentiment for the week.
SHALBY full month swing targets
| Monthly Up Target 1 | 316.22 |
| Monthly Up Target 2 | 328.53 |
| Monthly Down Target 1 | 244.37 |
| Monthly Down Target 2 | 208.78 |
Targets of ₹316.22 can be expected to be reached in the coming month. Once SHALBY achieved this target, we can aim for the next upside target of ₹328.53.
SHALBY if fails to hold upside, down targets of ₹244.37 and ₹208.78 can be achieved by end of this month.
For complete three weeks if SHALBY 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 SHALBY
| Symbol | Name | Industry |
|---|---|---|
| SUNPHARMA | Sun Pharmaceutical Industries Limited | Drug Manufacturers - Specialty & Generic |
| CIPLA | Cipla Limited | Drug Manufacturers - General |
| DRREDDY | Dr. Reddy's Laboratories Limited | Drug Manufacturers - Specialty & Generic |
| ZYDUSLIFE | Zydus Lifesciences Limited | Drug Manufacturers - Specialty & Generic |
| APOLLOHOSP | Apollo Hospitals Enterprise Limited | Medical Care Facilities |
Summary
SHALBY is expected to reach the target of 283.17 in tomorrow's trading session.
After achieving the initial target in SHALBY, we will aim for higher targets of 286.38 tomorrow.
However, if SHALBY starts to trade below ₹280.58, then we will shift our focus to the sell side and aim for down targets of 277.37 and 274.78.