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

Subros Limited

Symbol: NSE:SUBROS

ISIN: INE287B01021

581.00

As on 2024-04-12

296.55 (52W Low) 733.75 (52W High)

SUBROS's Today's Performance

Subros Limited started the day by opening at 563.60 today 2024-04-12. Its shares reached a high of 585.50 and dipped to a low of 562.05 in intraday. When the markets closed, SUBROS’s stock price settled at ₹581.00 per share. Also check out its key support and resistance levels.

SUBROS Buy/Sell Targets

Tomorrow, buy SUBROS when its price reaches ₹ 581.00 with a stop-loss order at ₹ 570.43. You can set the target price as ₹ 591.57 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 SUBROS 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 SUBROS

Resistance Levels Value in ₹
Tomorrow Resistance 1 590
Tomorrow Resistance 2 600
Tomorrow Resistance 3 614

Important Supports for SUBROS

Support Levels Value in ₹
Tomorrow Support 1 567
Tomorrow Support 2 553
Tomorrow Support 3 543
Based on where the stock opens tomorrow, if SUBROS opens on a positive note, our first target will be ₹590. If Target 1 is achieved, we will aim for Target 2 which is ₹600.

But if SUBROS falls below the average value of ₹576.18, you can enter a sell side position with target number 1 - ₹567 and second target - ₹553 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 SUBROS

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

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

Tomorrow's Volume based share price Forecast for SUBROS

SUBROS'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 -13%.

Reversal detection for SUBROS

Predicted trend chart of SUBROS tomorrow for price forecast
SUBROS may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹563 in morning tomorrow
Target 1 tomorrow585
Target 2 tomorrow591
Target 3 tomorrow600
 

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 SUBROS'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 SUBROS opens on a positive note, our first target will be ₹590.32. If Target 1 is achieved, we will aim for Target 2 which is ₹599.63.

But if SUBROS falls below the average value of ₹576.18, you can enter a sell side position with target number 1 - ₹566.87 and second target - ₹552.73

SUBROS's Weekly Targets
1st Up Target 599.00
2nd Up Target 617.00
1st Down Target 549.50
2nd Down Target 518.00

As the week for SUBROS ended on bullish sentiments, we can expect further continuation of this sentiment. SUBROS's initial target will be 599.00 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 549.50 in the upcoming week.

Weekly OHLC Values
Open 537.95
High 585.50
Low 536.00
Close 581.00

Week for SUBROS started with an open price of 537.95, and the close was at 581.00. SUBROS reached the highest of 585.50 and dipped lowest up to 536.00 last week. This indicates a bullish sentiment for the week.

SUBROS full month swing targets
Monthly Up Target 1 648.50
Monthly Up Target 2 666.50
Monthly Down Target 1 500.00
Monthly Down Target 2 419.00

Targets of ₹648.50 can be expected to be reached in the coming month. Once SUBROS achieved this target, we can aim for the next upside target of ₹666.50.

SUBROS if fails to hold upside, down targets of ₹500.00 and ₹419.00 can be achieved by end of this month.

For complete three weeks if SUBROS 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

SUBROS is expected to reach the target of 590.32 in tomorrow's trading session.

After achieving the initial target in SUBROS, we will aim for higher targets of 599.63 tomorrow.

However, if SUBROS starts to trade below ₹576.18, then we will shift our focus to the sell side and aim for down targets of 566.87 and 552.73.