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

S.J.S. Enterprises Limited

Symbol: NSE:SJS

ISIN: INE284S01014

610.85

As on 2024-04-24

405.45 (52W Low) 745.00 (52W High)

SJS's Today's Performance

S.J.S. Enterprises Limited started the day by opening at 607.00 today 2024-04-24. Its shares reached a high of 619.00 and dipped to a low of 607.00 in intraday. When the markets closed, SJS’s stock price settled at ₹610.85 per share. Also check out its key support and resistance levels.

SJS Buy/Sell Targets

Tomorrow, sell SJS when its price reaches ₹ 610.85 with a stop-loss order at ₹ 616.74. You can set the target price as ₹ 604.96 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 SJS 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 SJS

Downside Targets Value in ₹
Tomorrow Down Target 1 618
Tomorrow Down Target 2 624
Tomorrow Down Target 3 630

Important Levels for SJS

Holding Levels Value in ₹
Tomorrow Up Target 1 606
Tomorrow Up Target 2 600
Tomorrow Up Target 3 594
Based on where the stock opens tomorrow, if SJS opens on a positive note, our first target will be ₹618. If Target 1 is achieved, we will aim for Target 2 which is ₹624.

But if SJS falls below the average value of ₹612.28, you can enter a sell side position with target number 1 - ₹606 and second target - ₹600 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 SJS

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

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

Tomorrow's Volume based share price Forecast for SJS

SJS'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 -31%.

Reversal detection for SJS

Predicted trend chart of SJS tomorrow for price forecast
SJS may trend may continue to be bearish since stock is making lower low and we can get target of ₹616 in morning tomorrow
Target 1 tomorrow617
Target 2 tomorrow620
Target 3 tomorrow624
 

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 SJS'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 SJS opens on a positive note, our first target will be ₹617.57. If Target 1 is achieved, we will aim for Target 2 which is ₹624.28.

But if SJS falls below the average value of ₹612.28, you can enter a sell side position with target number 1 - ₹605.57 and second target - ₹600.28

SJS's Weekly Targets
1st Up Target 621.47
2nd Up Target 632.08
1st Down Target 603.62
2nd Down Target 596.38

As the week for SJS ended on bearish sentiments, we can expect further continuation of this sentiment. SJS's initial target will be 621.47 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 603.62 in the upcoming week.

Weekly OHLC Values
Open 614.95
High 624.85
Low 607.00
Close 610.85

Week for SJS started with an open price of 614.95, and the close was at 610.85. SJS reached the highest of 624.85 and dipped lowest up to 607.00 last week. This indicates a bearish sentiment for the week.

SJS full month swing targets
Monthly Up Target 1 639.32
Monthly Up Target 2 649.93
Monthly Down Target 1 585.77
Monthly Down Target 2 560.68

Targets of ₹639.32 can be expected to be reached in the coming month. Once SJS achieved this target, we can aim for the next upside target of ₹649.93.

SJS if fails to hold upside, down targets of ₹585.77 and ₹560.68 can be achieved by end of this month.

For complete three weeks if SJS 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

SJS is expected to reach the target of 617.57 in tomorrow's trading session.

After achieving the initial target in SJS, we will aim for higher targets of 624.28 tomorrow.

However, if SJS starts to trade below ₹612.28, then we will shift our focus to the sell side and aim for down targets of 605.57 and 600.28.