Price and trend forecast of SUNDARMHLD for Tomorrow, Weekly, Monthly
Sundaram Finance Holdings Limited
Symbol: NSE:SUNDARMHLD
ISIN: INE202Z01029
394.70
As on 2024-09-06
SUNDARMHLD's Today's Performance
Sundaram Finance Holdings Limited started the day by opening at 407.40 today 2024-09-06. Its shares reached a high of 411.30 and dipped to a low of 387.30 in intraday. When the markets closed, SUNDARMHLD’s stock price settled at ₹394.70 per share. Also check out its key support and resistance levels.
SUNDARMHLD Buy/Sell Targets
Tomorrow, sell SUNDARMHLD when its price reaches ₹ 394.70 with a stop-loss order at ₹ 405.09. You can set the target price as ₹ 384.31 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 | 408 |
| Tomorrow Down Target 2 | 422 |
| Tomorrow Down Target 3 | 432 |
Important Levels for SUNDARMHLD
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 384 |
| Tomorrow Up Target 2 | 374 |
| Tomorrow Up Target 3 | 360 |
Based on where the stock opens tomorrow, if SUNDARMHLD opens on a positive note, our first target will be ₹408. If Target 1 is achieved, we will aim for Target 2 which is ₹422.
But if SUNDARMHLD falls below the average value of ₹397.77, you can enter a sell side position with target number 1 - ₹384 and second target - ₹374 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
SUNDARMHLD may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹413 in morning tomorrow
| Target 1 tomorrow | 407 |
| Target 2 tomorrow | 413 |
| Target 3 tomorrow | 422 |
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 ₹408.23. If Target 1 is achieved, we will aim for Target 2 which is ₹421.77.
But if SUNDARMHLD falls below the average value of ₹397.77, you can enter a sell side position with target number 1 - ₹384.23 and second target - ₹373.77
SUNDARMHLD's Weekly Targets
| 1st Up Target | 422.70 |
| 2nd Up Target | 450.70 |
| 1st Down Target | 377.00 |
| 2nd Down Target | 359.30 |
As the week for SUNDARMHLD ended on bearish sentiments, we can expect further continuation of this sentiment. SUNDARMHLD's initial target will be 422.70 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 377.00 in the upcoming week.
Weekly OHLC Values
| Open | 410.00 |
| High | 433.00 |
| Low | 387.30 |
| Close | 394.70 |
Week for SUNDARMHLD started with an open price of 410.00, and the close was at 394.70. SUNDARMHLD reached the highest of 433.00 and dipped lowest up to 387.30 last week. This indicates a bearish sentiment for the week.
SUNDARMHLD full month swing targets
| Monthly Up Target 1 | 468.40 |
| Monthly Up Target 2 | 496.40 |
| Monthly Down Target 1 | 331.30 |
| Monthly Down Target 2 | 267.90 |
Targets of ₹468.40 can be expected to be reached in the coming month. Once SUNDARMHLD achieved this target, we can aim for the next upside target of ₹496.40.
SUNDARMHLD if fails to hold upside, down targets of ₹331.30 and ₹267.90 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.
Related Stocks in the Same Sector as SUNDARMHLD
| 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
SUNDARMHLD is expected to reach the target of 408.23 in tomorrow's trading session.
After achieving the initial target in SUNDARMHLD, we will aim for higher targets of 421.77 tomorrow.
However, if SUNDARMHLD starts to trade below ₹397.77, then we will shift our focus to the sell side and aim for down targets of 384.23 and 373.77.