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

Shivalik Rasayan Limited

Symbol: NSE:SHIVALIK

ISIN: INE788J01021

597.70

As on 2024-04-12

492.90 (52W Low) 893.00 (52W High)

SHIVALIK's Today's Performance

Shivalik Rasayan Limited started the day by opening at 594.00 today 2024-04-12. Its shares reached a high of 615.00 and dipped to a low of 582.00 in intraday. When the markets closed, SHIVALIK’s stock price settled at ₹597.70 per share. Also check out its key support and resistance levels.

SHIVALIK Buy/Sell Targets

Tomorrow, buy SHIVALIK when its price reaches ₹ 597.70 with a stop-loss order at ₹ 582.42. You can set the target price as ₹ 612.98 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 SHIVALIK 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 SHIVALIK

Resistance Levels Value in ₹
Tomorrow Resistance 1 614
Tomorrow Resistance 2 631
Tomorrow Resistance 3 647

Important Supports for SHIVALIK

Support Levels Value in ₹
Tomorrow Support 1 581
Tomorrow Support 2 565
Tomorrow Support 3 548
Based on where the stock opens tomorrow, if SHIVALIK opens on a positive note, our first target will be ₹614. If Target 1 is achieved, we will aim for Target 2 which is ₹631.

But if SHIVALIK falls below the average value of ₹598.23, you can enter a sell side position with target number 1 - ₹581 and second target - ₹565 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 SHIVALIK

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

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

Tomorrow's Volume based share price Forecast for SHIVALIK

SHIVALIK'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 37%.

Reversal detection for SHIVALIK

Predicted trend chart of SHIVALIK tomorrow for price forecast
SHIVALIK may trend may continue to be bullish since stock is making higher highs and we can get target of ₹598 in morning tomorrow
Target 1 tomorrow611
Target 2 tomorrow619
Target 3 tomorrow631
 

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 SHIVALIK'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 SHIVALIK opens on a positive note, our first target will be ₹614.47. If Target 1 is achieved, we will aim for Target 2 which is ₹631.23.

But if SHIVALIK falls below the average value of ₹598.23, you can enter a sell side position with target number 1 - ₹581.47 and second target - ₹565.23

SHIVALIK's Weekly Targets
1st Up Target 625.42
2nd Up Target 653.13
1st Down Target 562.97
2nd Down Target 528.23

As the week for SHIVALIK ended on bullish sentiments, we can expect further continuation of this sentiment. SHIVALIK's initial target will be 625.42 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 562.97 in the upcoming week.

Weekly OHLC Values
Open 589.40
High 618.40
Low 555.95
Close 597.70

Week for SHIVALIK started with an open price of 589.40, and the close was at 597.70. SHIVALIK reached the highest of 618.40 and dipped lowest up to 555.95 last week. This indicates a bullish sentiment for the week.

SHIVALIK full month swing targets
Monthly Up Target 1 687.87
Monthly Up Target 2 715.58
Monthly Down Target 1 500.52
Monthly Down Target 2 403.33

Targets of ₹687.87 can be expected to be reached in the coming month. Once SHIVALIK achieved this target, we can aim for the next upside target of ₹715.58.

SHIVALIK if fails to hold upside, down targets of ₹500.52 and ₹403.33 can be achieved by end of this month.

For complete three weeks if SHIVALIK 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 SHIVALIK

No related stocks found in the same sector.

Summary

SHIVALIK is expected to reach the target of 614.47 in tomorrow's trading session.

After achieving the initial target in SHIVALIK, we will aim for higher targets of 631.23 tomorrow.

However, if SHIVALIK starts to trade below ₹598.23, then we will shift our focus to the sell side and aim for down targets of 581.47 and 565.23.