Price and trend forecast of SJS for Tomorrow, Weekly, Monthly
S.J.S. Enterprises Limited
Symbol: NSE:SJS
ISIN: INE284S01014
830.40
As on 2024-07-26
SJS's Today's Performance
S.J.S. Enterprises Limited started the day by opening at 832.95 today 2024-07-26. Its shares reached a high of 839.95 and dipped to a low of 821.60 in intraday. When the markets closed, SJS’s stock price settled at ₹830.40 per share. Also check out its key support and resistance levels.
SJS Buy/Sell Targets
Tomorrow, buy SJS when its price reaches ₹ 830.40 with a stop-loss order at ₹ 820.08. You can set the target price as ₹ 840.72 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 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 | 840 |
| Tomorrow Down Target 2 | 849 |
| Tomorrow Down Target 3 | 858 |
Important Levels for SJS
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 821 |
| Tomorrow Up Target 2 | 812 |
| Tomorrow Up Target 3 | 803 |
Based on where the stock opens tomorrow, if SJS opens on a positive note, our first target will be ₹840. If Target 1 is achieved, we will aim for Target 2 which is ₹849.
But if SJS falls below the average value of ₹830.65, you can enter a sell side position with target number 1 - ₹821 and second target - ₹812 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
SJS may trend may continue to be bullish since stock is making higher highs and we can get target of ₹816 in morning tomorrow
| Target 1 tomorrow | 838 |
| Target 2 tomorrow | 842 |
| Target 3 tomorrow | 849 |
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 ₹839.70. If Target 1 is achieved, we will aim for Target 2 which is ₹849.00.
But if SJS falls below the average value of ₹830.65, you can enter a sell side position with target number 1 - ₹821.35 and second target - ₹812.30
SJS's Weekly Targets
| 1st Up Target | 858.50 |
| 2nd Up Target | 886.60 |
| 1st Down Target | 793.70 |
| 2nd Down Target | 757.00 |
As the week for SJS ended on bullish sentiments, we can expect further continuation of this sentiment. SJS's initial target will be 858.50 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 793.70 in the upcoming week.
Weekly OHLC Values
| Open | 798.00 |
| High | 849.90 |
| Low | 785.10 |
| Close | 830.40 |
Week for SJS started with an open price of 798.00, and the close was at 830.40. SJS reached the highest of 849.90 and dipped lowest up to 785.10 last week. This indicates a bullish sentiment for the week.
SJS full month swing targets
| Monthly Up Target 1 | 923.30 |
| Monthly Up Target 2 | 951.40 |
| Monthly Down Target 1 | 728.90 |
| Monthly Down Target 2 | 627.40 |
Targets of ₹923.30 can be expected to be reached in the coming month. Once SJS achieved this target, we can aim for the next upside target of ₹951.40.
SJS if fails to hold upside, down targets of ₹728.90 and ₹627.40 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.
Related Stocks in the Same Sector as SJS
| Symbol | Name | Industry |
|---|---|---|
| MARUTI | Maruti Suzuki India Limited | Auto Manufacturers |
| TATAMTRDVR | Tata Motors Limited | Auto Manufacturers |
| TATAMOTORS | Tata Motors Limited | Auto Manufacturers |
| TITAN | Titan Company Limited | Luxury Goods |
| BAJAJ-AUTO | Bajaj Auto Limited | Auto Manufacturers |
Summary
SJS is expected to reach the target of 839.70 in tomorrow's trading session.
After achieving the initial target in SJS, we will aim for higher targets of 849.00 tomorrow.
However, if SJS starts to trade below ₹830.65, then we will shift our focus to the sell side and aim for down targets of 821.35 and 812.30.