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

Sterling Tools Limited

Symbol: NSE:STERTOOLS

ISIN: INE334A01023

372.10

As on 2024-07-19

304.35 (52W Low) 440.70 (52W High)

STERTOOLS's Today's Performance

Sterling Tools Limited started the day by opening at 383.95 today 2024-07-19. Its shares reached a high of 389.30 and dipped to a low of 371.10 in intraday. When the markets closed, STERTOOLS’s stock price settled at ₹372.10 per share. Also check out its key support and resistance levels.

STERTOOLS Buy/Sell Targets

Tomorrow, sell STERTOOLS when its price reaches ₹ 372.10 with a stop-loss order at ₹ 381.69. You can set the target price as ₹ 362.51 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 STERTOOLS 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 STERTOOLS

Downside Targets Value in ₹
Tomorrow Down Target 1 384
Tomorrow Down Target 2 396
Tomorrow Down Target 3 402

Important Levels for STERTOOLS

Holding Levels Value in ₹
Tomorrow Up Target 1 366
Tomorrow Up Target 2 359
Tomorrow Up Target 3 348
Based on where the stock opens tomorrow, if STERTOOLS opens on a positive note, our first target will be ₹384. If Target 1 is achieved, we will aim for Target 2 which is ₹396.

But if STERTOOLS falls below the average value of ₹377.50, you can enter a sell side position with target number 1 - ₹366 and second target - ₹359 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 STERTOOLS

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

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

Tomorrow's Volume based share price Forecast for STERTOOLS

STERTOOLS'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 -55%.

Reversal detection for STERTOOLS

Predicted trend chart of STERTOOLS tomorrow for price forecast
STERTOOLS may trend may continue to be bearish since stock is making lower low and we can get target of ₹390 in morning tomorrow
Target 1 tomorrow384
Target 2 tomorrow389
Target 3 tomorrow396
 

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 STERTOOLS'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 STERTOOLS opens on a positive note, our first target will be ₹383.90. If Target 1 is achieved, we will aim for Target 2 which is ₹395.70.

But if STERTOOLS falls below the average value of ₹377.50, you can enter a sell side position with target number 1 - ₹365.70 and second target - ₹359.30

STERTOOLS's Weekly Targets
1st Up Target 396.73
2nd Up Target 421.37
1st Down Target 359.28
2nd Down Target 346.47

As the week for STERTOOLS ended on bearish sentiments, we can expect further continuation of this sentiment. STERTOOLS's initial target will be 396.73 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 359.28 in the upcoming week.

Weekly OHLC Values
Open 396.50
High 408.55
Low 371.10
Close 372.10

Week for STERTOOLS started with an open price of 396.50, and the close was at 372.10. STERTOOLS reached the highest of 408.55 and dipped lowest up to 371.10 last week. This indicates a bearish sentiment for the week.

STERTOOLS full month swing targets
Monthly Up Target 1 434.18
Monthly Up Target 2 458.82
Monthly Down Target 1 321.83
Monthly Down Target 2 271.57

Targets of ₹434.18 can be expected to be reached in the coming month. Once STERTOOLS achieved this target, we can aim for the next upside target of ₹458.82.

STERTOOLS if fails to hold upside, down targets of ₹321.83 and ₹271.57 can be achieved by end of this month.

For complete three weeks if STERTOOLS 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

STERTOOLS is expected to reach the target of 383.90 in tomorrow's trading session.

After achieving the initial target in STERTOOLS, we will aim for higher targets of 395.70 tomorrow.

However, if STERTOOLS starts to trade below ₹377.50, then we will shift our focus to the sell side and aim for down targets of 365.70 and 359.30.