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

Sical Logistics Limited

Symbol: NSE:SICALLOG

ISIN: N/A

221.25

As on 2024-04-12

97.00 (52W Low) 298.25 (52W High)

SICALLOG's Today's Performance

Sical Logistics Limited started the day by opening at 231.95 today 2024-04-12. Its shares reached a high of 231.95 and dipped to a low of 220.40 in intraday. When the markets closed, SICALLOG’s stock price settled at ₹221.25 per share. Also check out its key support and resistance levels.

SICALLOG Buy/Sell Targets

Tomorrow, sell SICALLOG when its price reaches ₹ 221.25 with a stop-loss order at ₹ 227.69. You can set the target price as ₹ 214.81 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 SICALLOG 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 SICALLOG

Resistance Levels Value in ₹
Tomorrow Resistance 1 229
Tomorrow Resistance 2 236
Tomorrow Resistance 3 240

Important Supports for SICALLOG

Support Levels Value in ₹
Tomorrow Support 1 217
Tomorrow Support 2 213
Tomorrow Support 3 206
Based on where the stock opens tomorrow, if SICALLOG opens on a positive note, our first target will be ₹229. If Target 1 is achieved, we will aim for Target 2 which is ₹236.

But if SICALLOG falls below the average value of ₹224.53, you can enter a sell side position with target number 1 - ₹217 and second target - ₹213 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 SICALLOG

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

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

Tomorrow's Volume based share price Forecast for SICALLOG

SICALLOG's Volume is currently in a Increasing 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 -77%.

Reversal detection for SICALLOG

Predicted trend chart of SICALLOG tomorrow for price forecast
SICALLOG may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹233 in morning tomorrow
Target 1 tomorrow229
Target 2 tomorrow232
Target 3 tomorrow236
 

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 SICALLOG'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 SICALLOG opens on a positive note, our first target will be ₹228.67. If Target 1 is achieved, we will aim for Target 2 which is ₹236.08.

But if SICALLOG falls below the average value of ₹224.53, you can enter a sell side position with target number 1 - ₹217.12 and second target - ₹212.98

SICALLOG's Weekly Targets
1st Up Target 235.73
2nd Up Target 250.22
1st Down Target 208.93
2nd Down Target 196.62

As the week for SICALLOG ended on bearish sentiments, we can expect further continuation of this sentiment. SICALLOG's initial target will be 235.73 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 208.93 in the upcoming week.

Weekly OHLC Values
Open 229.90
High 237.90
Low 211.10
Close 221.25

Week for SICALLOG started with an open price of 229.90, and the close was at 221.25. SICALLOG reached the highest of 237.90 and dipped lowest up to 211.10 last week. This indicates a bearish sentiment for the week.

SICALLOG full month swing targets
Monthly Up Target 1 262.53
Monthly Up Target 2 277.02
Monthly Down Target 1 182.13
Monthly Down Target 2 143.02

Targets of ₹262.53 can be expected to be reached in the coming month. Once SICALLOG achieved this target, we can aim for the next upside target of ₹277.02.

SICALLOG if fails to hold upside, down targets of ₹182.13 and ₹143.02 can be achieved by end of this month.

For complete three weeks if SICALLOG 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

SICALLOG is expected to reach the target of 228.67 in tomorrow's trading session.

After achieving the initial target in SICALLOG, we will aim for higher targets of 236.08 tomorrow.

However, if SICALLOG starts to trade below ₹224.53, then we will shift our focus to the sell side and aim for down targets of 217.12 and 212.98.