Stock Information Portal

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

S. P. Apparels Limited

Symbol: NSE:SPAL

ISIN: INE212I01016

864.60

As on 2024-07-24

430.25 (52W Low) 885.00 (52W High)

SPAL's Today's Performance

S. P. Apparels Limited started the day by opening at 835.70 today 2024-07-24. Its shares reached a high of 879.60 and dipped to a low of 829.40 in intraday. When the markets closed, SPAL’s stock price settled at ₹864.60 per share. Also check out its key support and resistance levels.

SPAL Buy/Sell Targets

Tomorrow, buy SPAL when its price reaches ₹ 864.60 with a stop-loss order at ₹ 844.71. You can set the target price as ₹ 884.49 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 SPAL 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 SPAL

Downside Targets Value in ₹
Tomorrow Down Target 1 886
Tomorrow Down Target 2 908
Tomorrow Down Target 3 937

Important Levels for SPAL

Holding Levels Value in ₹
Tomorrow Up Target 1 836
Tomorrow Up Target 2 808
Tomorrow Up Target 3 786
Based on where the stock opens tomorrow, if SPAL opens on a positive note, our first target will be ₹886. If Target 1 is achieved, we will aim for Target 2 which is ₹908.

But if SPAL falls below the average value of ₹857.87, you can enter a sell side position with target number 1 - ₹836 and second target - ₹808 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 SPAL

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

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

Tomorrow's Volume based share price Forecast for SPAL

SPAL'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 4%.

Reversal detection for SPAL

Predicted trend chart of SPAL tomorrow for price forecast
SPAL may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹829 in morning tomorrow
Target 1 tomorrow877
Target 2 tomorrow889
Target 3 tomorrow908
 

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 SPAL'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 SPAL opens on a positive note, our first target will be ₹886.33. If Target 1 is achieved, we will aim for Target 2 which is ₹908.07.

But if SPAL falls below the average value of ₹857.87, you can enter a sell side position with target number 1 - ₹836.13 and second target - ₹807.67

SPAL's Weekly Targets
1st Up Target 893.50
2nd Up Target 922.40
1st Down Target 821.80
2nd Down Target 779.00

As the week for SPAL ended on bullish sentiments, we can expect further continuation of this sentiment. SPAL's initial target will be 893.50 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 821.80 in the upcoming week.

Weekly OHLC Values
Open 830.30
High 879.60
Low 807.90
Close 864.60

Week for SPAL started with an open price of 830.30, and the close was at 864.60. SPAL reached the highest of 879.60 and dipped lowest up to 807.90 last week. This indicates a bullish sentiment for the week.

SPAL full month swing targets
Monthly Up Target 1 965.20
Monthly Up Target 2 994.10
Monthly Down Target 1 750.10
Monthly Down Target 2 635.60

Targets of ₹965.20 can be expected to be reached in the coming month. Once SPAL achieved this target, we can aim for the next upside target of ₹994.10.

SPAL if fails to hold upside, down targets of ₹750.10 and ₹635.60 can be achieved by end of this month.

For complete three weeks if SPAL 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 SPAL

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

SPAL is expected to reach the target of 886.33 in tomorrow's trading session.

After achieving the initial target in SPAL, we will aim for higher targets of 908.07 tomorrow.

However, if SPAL starts to trade below ₹857.87, then we will shift our focus to the sell side and aim for down targets of 836.13 and 807.67.