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

Sukhjit Starch & Chemicals Limited

Symbol: NSE:SUKHJITS

ISIN: INE450E01011

479.70

As on 2024-07-19

386.00 (52W Low) 597.90 (52W High)

SUKHJITS's Today's Performance

Sukhjit Starch & Chemicals Limited started the day by opening at 490.60 today 2024-07-19. Its shares reached a high of 492.60 and dipped to a low of 477.95 in intraday. When the markets closed, SUKHJITS’s stock price settled at ₹479.70 per share. Also check out its key support and resistance levels.

SUKHJITS Buy/Sell Targets

Tomorrow, sell SUKHJITS when its price reaches ₹ 479.70 with a stop-loss order at ₹ 487.78. You can set the target price as ₹ 471.63 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 SUKHJITS 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 SUKHJITS

Downside Targets Value in ₹
Tomorrow Down Target 1 489
Tomorrow Down Target 2 498
Tomorrow Down Target 3 504

Important Levels for SUKHJITS

Holding Levels Value in ₹
Tomorrow Up Target 1 474
Tomorrow Up Target 2 469
Tomorrow Up Target 3 460
Based on where the stock opens tomorrow, if SUKHJITS opens on a positive note, our first target will be ₹489. If Target 1 is achieved, we will aim for Target 2 which is ₹498.

But if SUKHJITS falls below the average value of ₹483.42, you can enter a sell side position with target number 1 - ₹474 and second target - ₹469 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 SUKHJITS

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

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

Tomorrow's Volume based share price Forecast for SUKHJITS

SUKHJITS's Volume is currently in a Increasing 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 -22%.

Reversal detection for SUKHJITS

Predicted trend chart of SUKHJITS tomorrow for price forecast
SUKHJITS may trend may continue to be bearish since stock is making lower low and we can get target of ₹491 in morning tomorrow
Target 1 tomorrow489
Target 2 tomorrow492
Target 3 tomorrow498
 

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 SUKHJITS'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 SUKHJITS opens on a positive note, our first target will be ₹488.88. If Target 1 is achieved, we will aim for Target 2 which is ₹498.07.

But if SUKHJITS falls below the average value of ₹483.42, you can enter a sell side position with target number 1 - ₹474.23 and second target - ₹468.77

SUKHJITS's Weekly Targets
1st Up Target 502.73
2nd Up Target 525.77
1st Down Target 453.83
2nd Down Target 427.97

As the week for SUKHJITS ended on bullish sentiments, we can expect further continuation of this sentiment. SUKHJITS's initial target will be 502.73 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 453.83 in the upcoming week.

Weekly OHLC Values
Open 458.55
High 499.90
Low 451.00
Close 479.70

Week for SUKHJITS started with an open price of 458.55, and the close was at 479.70. SUKHJITS reached the highest of 499.90 and dipped lowest up to 451.00 last week. This indicates a bullish sentiment for the week.

SUKHJITS full month swing targets
Monthly Up Target 1 551.63
Monthly Up Target 2 574.67
Monthly Down Target 1 404.93
Monthly Down Target 2 330.17

Targets of ₹551.63 can be expected to be reached in the coming month. Once SUKHJITS achieved this target, we can aim for the next upside target of ₹574.67.

SUKHJITS if fails to hold upside, down targets of ₹404.93 and ₹330.17 can be achieved by end of this month.

For complete three weeks if SUKHJITS 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

SUKHJITS is expected to reach the target of 488.88 in tomorrow's trading session.

After achieving the initial target in SUKHJITS, we will aim for higher targets of 498.07 tomorrow.

However, if SUKHJITS starts to trade below ₹483.42, then we will shift our focus to the sell side and aim for down targets of 474.23 and 468.77.