Price and trend forecast of SHREYAS for Tomorrow, Weekly, Monthly
Shreyas Shipping & Logistics Limited
Symbol: NSE:SHREYAS
ISIN: INE757B01015
337.20
As on 2024-10-09
SHREYAS's Today's Performance
Shreyas Shipping & Logistics Limited started the day by opening at 329.50 today 2024-10-09. Its shares reached a high of 339.90 and dipped to a low of 329.50 in intraday. When the markets closed, SHREYAS’s stock price settled at ₹337.20 per share. Also check out its key support and resistance levels.
SHREYAS Buy/Sell Targets
Tomorrow, buy SHREYAS when its price reaches ₹ 337.20 with a stop-loss order at ₹ 327.65. You can set the target price as ₹ 346.75 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 SHREYAS 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 SHREYAS
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 342 |
| Tomorrow Down Target 2 | 346 |
| Tomorrow Down Target 3 | 352 |
Important Levels for SHREYAS
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 331 |
| Tomorrow Up Target 2 | 325 |
| Tomorrow Up Target 3 | 321 |
Based on where the stock opens tomorrow, if SHREYAS opens on a positive note, our first target will be ₹342. If Target 1 is achieved, we will aim for Target 2 which is ₹346.
But if SHREYAS falls below the average value of ₹335.53, you can enter a sell side position with target number 1 - ₹331 and second target - ₹325 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 SHREYAS
Looking at SHREYAS, 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, SHREYAS has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for SHREYAS is moderate bearish.
Tomorrow's Volume based share price Forecast for SHREYAS
SHREYAS'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 39%.
Reversal detection for SHREYAS
SHREYAS may trend may continue to be bullish since stock is making higher highs and we can get target of ₹325 in morning tomorrow
| Target 1 tomorrow | 340 |
| Target 2 tomorrow | 342 |
| Target 3 tomorrow | 346 |
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 SHREYAS'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 SHREYAS opens on a positive note, our first target will be ₹341.57. If Target 1 is achieved, we will aim for Target 2 which is ₹345.93.
But if SHREYAS falls below the average value of ₹335.53, you can enter a sell side position with target number 1 - ₹331.17 and second target - ₹325.13
SHREYAS's Weekly Targets
| 1st Up Target | 347.73 |
| 2nd Up Target | 358.27 |
| 1st Down Target | 318.83 |
| 2nd Down Target | 300.47 |
As the week for SHREYAS ended on bullish sentiments, we can expect further continuation of this sentiment. SHREYAS's initial target will be 347.73 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 318.83 in the upcoming week.
Weekly OHLC Values
| Open | 334.75 |
| High | 339.90 |
| Low | 311.00 |
| Close | 337.20 |
Week for SHREYAS started with an open price of 334.75, and the close was at 337.20. SHREYAS reached the highest of 339.90 and dipped lowest up to 311.00 last week. This indicates a bullish sentiment for the week.
SHREYAS full month swing targets
| Monthly Up Target 1 | 376.63 |
| Monthly Up Target 2 | 387.17 |
| Monthly Down Target 1 | 289.93 |
| Monthly Down Target 2 | 242.67 |
Targets of ₹376.63 can be expected to be reached in the coming month. Once SHREYAS achieved this target, we can aim for the next upside target of ₹387.17.
SHREYAS if fails to hold upside, down targets of ₹289.93 and ₹242.67 can be achieved by end of this month.
For complete three weeks if SHREYAS 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 SHREYAS
| Symbol | Name | Industry |
|---|---|---|
| LT | Larsen & Toubro Limited | Engineering & Construction |
| ADANIPORTS | Adani Ports and Special Economic Zone Limited | Marine Shipping |
| HAL | Hindustan Aeronautics Limited | Aerospace & Defense |
| SIEMENS | Siemens Limited | Specialty Industrial Machinery |
| BEL | Bharat Electronics Limited | Aerospace & Defense |
Summary
SHREYAS is expected to reach the target of 341.57 in tomorrow's trading session.
After achieving the initial target in SHREYAS, we will aim for higher targets of 345.93 tomorrow.
However, if SHREYAS starts to trade below ₹335.53, then we will shift our focus to the sell side and aim for down targets of 331.17 and 325.13.