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

S H Kelkar and Company Limited

Symbol: NSE:SHK

ISIN: INE500L01026

192.88

As on 2024-07-24

112.50 (52W Low) 232.00 (52W High)

SHK's Today's Performance

S H Kelkar and Company Limited started the day by opening at 188.00 today 2024-07-24. Its shares reached a high of 194.38 and dipped to a low of 187.50 in intraday. When the markets closed, SHK’s stock price settled at ₹192.88 per share. Also check out its key support and resistance levels.

SHK Buy/Sell Targets

Tomorrow, buy SHK when its price reaches ₹ 192.88 with a stop-loss order at ₹ 190.00. You can set the target price as ₹ 195.76 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 SHK 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 SHK

Downside Targets Value in ₹
Tomorrow Down Target 1 196
Tomorrow Down Target 2 198
Tomorrow Down Target 3 203

Important Levels for SHK

Holding Levels Value in ₹
Tomorrow Up Target 1 189
Tomorrow Up Target 2 185
Tomorrow Up Target 3 182
Based on where the stock opens tomorrow, if SHK opens on a positive note, our first target will be ₹196. If Target 1 is achieved, we will aim for Target 2 which is ₹198.

But if SHK falls below the average value of ₹191.59, you can enter a sell side position with target number 1 - ₹189 and second target - ₹185 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 SHK

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

Based on this, the predicted sentiment for SHK is moderate bullish.

Tomorrow's Volume based share price Forecast for SHK

SHK's Volume is currently in a Decreasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is -22%.

Reversal detection for SHK

Predicted trend chart of SHK tomorrow for price forecast
SHK may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹187 in morning tomorrow
Target 1 tomorrow194
Target 2 tomorrow196
Target 3 tomorrow198
 

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 SHK'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 SHK opens on a positive note, our first target will be ₹195.67. If Target 1 is achieved, we will aim for Target 2 which is ₹198.47.

But if SHK falls below the average value of ₹191.59, you can enter a sell side position with target number 1 - ₹188.79 and second target - ₹184.71

SHK's Weekly Targets
1st Up Target 197.09
2nd Up Target 201.30
1st Down Target 185.96
2nd Down Target 179.04

As the week for SHK ended on bullish sentiments, we can expect further continuation of this sentiment. SHK's initial target will be 197.09 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 185.96 in the upcoming week.

Weekly OHLC Values
Open 185.00
High 194.38
Low 183.25
Close 192.88

Week for SHK started with an open price of 185.00, and the close was at 192.88. SHK reached the highest of 194.38 and dipped lowest up to 183.25 last week. This indicates a bullish sentiment for the week.

SHK full month swing targets
Monthly Up Target 1 208.22
Monthly Up Target 2 212.43
Monthly Down Target 1 174.83
Monthly Down Target 2 156.78

Targets of ₹208.22 can be expected to be reached in the coming month. Once SHK achieved this target, we can aim for the next upside target of ₹212.43.

SHK if fails to hold upside, down targets of ₹174.83 and ₹156.78 can be achieved by end of this month.

For complete three weeks if SHK 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

SHK is expected to reach the target of 195.67 in tomorrow's trading session.

After achieving the initial target in SHK, we will aim for higher targets of 198.47 tomorrow.

However, if SHK starts to trade below ₹191.59, then we will shift our focus to the sell side and aim for down targets of 188.79 and 184.71.