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

Sundaram Finance Holdings Limited

Symbol: NSE:SUNDARMHLD

ISIN: INE202Z01029

279.15

As on 2024-06-13

91.35 (52W Low) 300.00 (52W High)

SUNDARMHLD's Today's Performance

Sundaram Finance Holdings Limited started the day by opening at 287.45 today 2024-06-13. Its shares reached a high of 291.90 and dipped to a low of 275.95 in intraday. When the markets closed, SUNDARMHLD’s stock price settled at ₹279.15 per share. Also check out its key support and resistance levels.

SUNDARMHLD Buy/Sell Targets

Tomorrow, sell SUNDARMHLD when its price reaches ₹ 279.15 with a stop-loss order at ₹ 286.14. You can set the target price as ₹ 272.16 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 SUNDARMHLD 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 SUNDARMHLD

Downside Targets Value in ₹
Tomorrow Down Target 1 289
Tomorrow Down Target 2 298
Tomorrow Down Target 3 305

Important Levels for SUNDARMHLD

Holding Levels Value in ₹
Tomorrow Up Target 1 273
Tomorrow Up Target 2 266
Tomorrow Up Target 3 257
Based on where the stock opens tomorrow, if SUNDARMHLD opens on a positive note, our first target will be ₹289. If Target 1 is achieved, we will aim for Target 2 which is ₹298.

But if SUNDARMHLD falls below the average value of ₹282.33, you can enter a sell side position with target number 1 - ₹273 and second target - ₹266 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 SUNDARMHLD

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

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

Tomorrow's Volume based share price Forecast for SUNDARMHLD

SUNDARMHLD'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 35%.

Reversal detection for SUNDARMHLD

Predicted trend chart of SUNDARMHLD tomorrow for price forecast
SUNDARMHLD may trend may continue to be bearish since stock is making lower low and we can get target of ₹286 in morning tomorrow
Target 1 tomorrow288
Target 2 tomorrow292
Target 3 tomorrow298
 

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 SUNDARMHLD'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 SUNDARMHLD opens on a positive note, our first target will be ₹288.72. If Target 1 is achieved, we will aim for Target 2 which is ₹298.28.

But if SUNDARMHLD falls below the average value of ₹282.33, you can enter a sell side position with target number 1 - ₹272.77 and second target - ₹266.38

SUNDARMHLD's Weekly Targets
1st Up Target 292.10
2nd Up Target 305.05
1st Down Target 267.80
2nd Down Target 256.45

As the week for SUNDARMHLD ended on bullish sentiments, we can expect further continuation of this sentiment. SUNDARMHLD's initial target will be 292.10 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 267.80 in the upcoming week.

Weekly OHLC Values
Open 273.25
High 293.70
Low 269.40
Close 279.15

Week for SUNDARMHLD started with an open price of 273.25, and the close was at 279.15. SUNDARMHLD reached the highest of 293.70 and dipped lowest up to 269.40 last week. This indicates a bullish sentiment for the week.

SUNDARMHLD full month swing targets
Monthly Up Target 1 316.40
Monthly Up Target 2 329.35
Monthly Down Target 1 243.50
Monthly Down Target 2 207.85

Targets of ₹316.40 can be expected to be reached in the coming month. Once SUNDARMHLD achieved this target, we can aim for the next upside target of ₹329.35.

SUNDARMHLD if fails to hold upside, down targets of ₹243.50 and ₹207.85 can be achieved by end of this month.

For complete three weeks if SUNDARMHLD 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

SUNDARMHLD is expected to reach the target of 288.72 in tomorrow's trading session.

After achieving the initial target in SUNDARMHLD, we will aim for higher targets of 298.28 tomorrow.

However, if SUNDARMHLD starts to trade below ₹282.33, then we will shift our focus to the sell side and aim for down targets of 272.77 and 266.38.