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

Shemaroo Entertainment Limited

Symbol: NSE:SHEMAROO

ISIN: INE363M01019

158.50

As on 2024-04-19

113.85 (52W Low) 240.00 (52W High)

SHEMAROO's Today's Performance

Shemaroo Entertainment Limited started the day by opening at 159.35 today 2024-04-19. Its shares reached a high of 161.90 and dipped to a low of 155.15 in intraday. When the markets closed, SHEMAROO’s stock price settled at ₹158.50 per share. Also check out its key support and resistance levels.

SHEMAROO Buy/Sell Targets

Tomorrow, sell SHEMAROO when its price reaches ₹ 158.50 with a stop-loss order at ₹ 162.13. You can set the target price as ₹ 154.88 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 SHEMAROO 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 SHEMAROO

Downside Targets Value in ₹
Tomorrow Down Target 1 162
Tomorrow Down Target 2 165
Tomorrow Down Target 3 169

Important Levels for SHEMAROO

Holding Levels Value in ₹
Tomorrow Up Target 1 155
Tomorrow Up Target 2 152
Tomorrow Up Target 3 148
Based on where the stock opens tomorrow, if SHEMAROO opens on a positive note, our first target will be ₹162. If Target 1 is achieved, we will aim for Target 2 which is ₹165.

But if SHEMAROO falls below the average value of ₹158.52, you can enter a sell side position with target number 1 - ₹155 and second target - ₹152 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 SHEMAROO

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

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

Tomorrow's Volume based share price Forecast for SHEMAROO

SHEMAROO'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 -2%.

Reversal detection for SHEMAROO

Predicted trend chart of SHEMAROO tomorrow for price forecast
SHEMAROO may trend may continue to be bearish since stock is making lower low and we can get target of ₹161 in morning tomorrow
Target 1 tomorrow161
Target 2 tomorrow163
Target 3 tomorrow165
 

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 SHEMAROO'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 SHEMAROO opens on a positive note, our first target will be ₹161.88. If Target 1 is achieved, we will aim for Target 2 which is ₹165.27.

But if SHEMAROO falls below the average value of ₹158.52, you can enter a sell side position with target number 1 - ₹155.13 and second target - ₹151.77

SHEMAROO's Weekly Targets
1st Up Target 165.02
2nd Up Target 171.53
1st Down Target 151.37
2nd Down Target 144.23

As the week for SHEMAROO ended on bullish sentiments, we can expect further continuation of this sentiment. SHEMAROO's initial target will be 165.02 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 151.37 in the upcoming week.

Weekly OHLC Values
Open 153.10
High 164.40
Low 150.75
Close 158.50

Week for SHEMAROO started with an open price of 153.10, and the close was at 158.50. SHEMAROO reached the highest of 164.40 and dipped lowest up to 150.75 last week. This indicates a bullish sentiment for the week.

SHEMAROO full month swing targets
Monthly Up Target 1 178.67
Monthly Up Target 2 185.18
Monthly Down Target 1 137.72
Monthly Down Target 2 116.93

Targets of ₹178.67 can be expected to be reached in the coming month. Once SHEMAROO achieved this target, we can aim for the next upside target of ₹185.18.

SHEMAROO if fails to hold upside, down targets of ₹137.72 and ₹116.93 can be achieved by end of this month.

For complete three weeks if SHEMAROO 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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TATACOMM Tata Communications Limited Telecom Services

Summary

SHEMAROO is expected to reach the target of 161.88 in tomorrow's trading session.

After achieving the initial target in SHEMAROO, we will aim for higher targets of 165.27 tomorrow.

However, if SHEMAROO starts to trade below ₹158.52, then we will shift our focus to the sell side and aim for down targets of 155.13 and 151.77.