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

Speciality Restaurants Limited

Symbol: NSE:SPECIALITY

ISIN: INE247M01014

196.45

As on 2024-04-12

168.20 (52W Low) 287.10 (52W High)

SPECIALITY's Today's Performance

Speciality Restaurants Limited started the day by opening at 199.00 today 2024-04-12. Its shares reached a high of 203.00 and dipped to a low of 195.25 in intraday. When the markets closed, SPECIALITY’s stock price settled at ₹196.45 per share. Also check out its key support and resistance levels.

SPECIALITY Buy/Sell Targets

Tomorrow, sell SPECIALITY when its price reaches ₹ 196.45 with a stop-loss order at ₹ 200.36. You can set the target price as ₹ 192.54 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 SPECIALITY 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 SPECIALITY

Resistance Levels Value in ₹
Tomorrow Resistance 1 201
Tomorrow Resistance 2 206
Tomorrow Resistance 3 209

Important Supports for SPECIALITY

Support Levels Value in ₹
Tomorrow Support 1 193
Tomorrow Support 2 190
Tomorrow Support 3 186
Based on where the stock opens tomorrow, if SPECIALITY opens on a positive note, our first target will be ₹201. If Target 1 is achieved, we will aim for Target 2 which is ₹206.

But if SPECIALITY falls below the average value of ₹198.23, you can enter a sell side position with target number 1 - ₹193 and second target - ₹190 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 SPECIALITY

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

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

Tomorrow's Volume based share price Forecast for SPECIALITY

SPECIALITY'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 30%.

Reversal detection for SPECIALITY

Predicted trend chart of SPECIALITY tomorrow for price forecast
SPECIALITY may trend may continue to be bearish since stock is making lower low and we can get target of ₹199 in morning tomorrow
Target 1 tomorrow201
Target 2 tomorrow203
Target 3 tomorrow206
 

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 SPECIALITY'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 SPECIALITY opens on a positive note, our first target will be ₹201.22. If Target 1 is achieved, we will aim for Target 2 which is ₹205.98.

But if SPECIALITY falls below the average value of ₹198.23, you can enter a sell side position with target number 1 - ₹193.47 and second target - ₹190.48

SPECIALITY's Weekly Targets
1st Up Target 202.07
2nd Up Target 207.68
1st Down Target 191.77
2nd Down Target 187.08

As the week for SPECIALITY ended on bearish sentiments, we can expect further continuation of this sentiment. SPECIALITY's initial target will be 202.07 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 191.77 in the upcoming week.

Weekly OHLC Values
Open 198.20
High 203.00
Low 192.70
Close 196.45

Week for SPECIALITY started with an open price of 198.20, and the close was at 196.45. SPECIALITY reached the highest of 203.00 and dipped lowest up to 192.70 last week. This indicates a bearish sentiment for the week.

SPECIALITY full month swing targets
Monthly Up Target 1 212.37
Monthly Up Target 2 217.98
Monthly Down Target 1 181.47
Monthly Down Target 2 166.48

Targets of ₹212.37 can be expected to be reached in the coming month. Once SPECIALITY achieved this target, we can aim for the next upside target of ₹217.98.

SPECIALITY if fails to hold upside, down targets of ₹181.47 and ₹166.48 can be achieved by end of this month.

For complete three weeks if SPECIALITY 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

SPECIALITY is expected to reach the target of 201.22 in tomorrow's trading session.

After achieving the initial target in SPECIALITY, we will aim for higher targets of 205.98 tomorrow.

However, if SPECIALITY starts to trade below ₹198.23, then we will shift our focus to the sell side and aim for down targets of 193.47 and 190.48.