Price and trend forecast of STERTOOLS for Tomorrow, Weekly, Monthly
Sterling Tools Limited
Symbol: NSE:STERTOOLS
ISIN: INE334A01023
569.05
As on 2024-10-09
STERTOOLS's Today's Performance
Sterling Tools Limited started the day by opening at 585.50 today 2024-10-09. Its shares reached a high of 598.00 and dipped to a low of 565.20 in intraday. When the markets closed, STERTOOLS’s stock price settled at ₹569.05 per share. Also check out its key support and resistance levels.
STERTOOLS Buy/Sell Targets
Tomorrow, sell STERTOOLS when its price reaches ₹ 569.05 with a stop-loss order at ₹ 596.59. You can set the target price as ₹ 541.51 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 | 590 |
| Tomorrow Down Target 2 | 610 |
| Tomorrow Down Target 3 | 622 |
Important Levels for STERTOOLS
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 557 |
| Tomorrow Up Target 2 | 545 |
| Tomorrow Up Target 3 | 524 |
Based on where the stock opens tomorrow, if STERTOOLS opens on a positive note, our first target will be ₹590. If Target 1 is achieved, we will aim for Target 2 which is ₹610.
But if STERTOOLS falls below the average value of ₹577.42, you can enter a sell side position with target number 1 - ₹557 and second target - ₹545 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 Increasing 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 Increasing 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
STERTOOLS may trend may continue to be bearish since stock is making lower low and we can get target of ₹574 in morning tomorrow
| Target 1 tomorrow | 590 |
| Target 2 tomorrow | 598 |
| Target 3 tomorrow | 610 |
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 ₹589.63. If Target 1 is achieved, we will aim for Target 2 which is ₹610.22.
But if STERTOOLS falls below the average value of ₹577.42, you can enter a sell side position with target number 1 - ₹556.83 and second target - ₹544.62
STERTOOLS's Weekly Targets
| 1st Up Target | 614.35 |
| 2nd Up Target | 659.65 |
| 1st Down Target | 518.90 |
| 2nd Down Target | 468.75 |
As the week for STERTOOLS ended on bullish sentiments, we can expect further continuation of this sentiment. STERTOOLS's initial target will be 614.35 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 518.90 in the upcoming week.
Weekly OHLC Values
| Open | 562.00 |
| High | 609.50 |
| Low | 514.05 |
| Close | 569.05 |
Week for STERTOOLS started with an open price of 562.00, and the close was at 569.05. STERTOOLS reached the highest of 609.50 and dipped lowest up to 514.05 last week. This indicates a bullish sentiment for the week.
STERTOOLS full month swing targets
| Monthly Up Target 1 | 709.80 |
| Monthly Up Target 2 | 755.10 |
| Monthly Down Target 1 | 423.45 |
| Monthly Down Target 2 | 277.85 |
Targets of ₹709.80 can be expected to be reached in the coming month. Once STERTOOLS achieved this target, we can aim for the next upside target of ₹755.10.
STERTOOLS if fails to hold upside, down targets of ₹423.45 and ₹277.85 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.
Related Stocks in the Same Sector as STERTOOLS
| Symbol | Name | Industry |
|---|---|---|
| LT | Larsen & Toubro Limited | Engineering & Construction |
| ADANIPORTS | Adani Ports and Special Economic Zone Limited | Marine Shipping |
| HAL | Hindustan Aeronautics Limited | Aerospace & Defense |
| SIEMENS | Siemens Limited | Specialty Industrial Machinery |
| BEL | Bharat Electronics Limited | Aerospace & Defense |
Summary
STERTOOLS is expected to reach the target of 589.63 in tomorrow's trading session.
After achieving the initial target in STERTOOLS, we will aim for higher targets of 610.22 tomorrow.
However, if STERTOOLS starts to trade below ₹577.42, then we will shift our focus to the sell side and aim for down targets of 556.83 and 544.62.