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

Sunteck Realty Limited

Symbol: NSE:SUNTECK

ISIN: INE805D01034

429.40

As on 2024-04-19

271.40 (52W Low) 511.40 (52W High)

SUNTECK's Today's Performance

Sunteck Realty Limited started the day by opening at 433.50 today 2024-04-19. Its shares reached a high of 437.10 and dipped to a low of 427.05 in intraday. When the markets closed, SUNTECK’s stock price settled at ₹429.40 per share. Also check out its key support and resistance levels.

SUNTECK Buy/Sell Targets

Tomorrow, sell SUNTECK when its price reaches ₹ 429.40 with a stop-loss order at ₹ 435.33. You can set the target price as ₹ 423.48 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 SUNTECK 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 SUNTECK

Downside Targets Value in ₹
Tomorrow Down Target 1 435
Tomorrow Down Target 2 441
Tomorrow Down Target 3 445

Important Levels for SUNTECK

Holding Levels Value in ₹
Tomorrow Up Target 1 425
Tomorrow Up Target 2 421
Tomorrow Up Target 3 415
Based on where the stock opens tomorrow, if SUNTECK opens on a positive note, our first target will be ₹435. If Target 1 is achieved, we will aim for Target 2 which is ₹441.

But if SUNTECK falls below the average value of ₹431.18, you can enter a sell side position with target number 1 - ₹425 and second target - ₹421 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 SUNTECK

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

Based on this, the predicted sentiment for SUNTECK is moderate bearish.

Tomorrow's Volume based share price Forecast for SUNTECK

SUNTECK's Volume is currently in a Decreasing 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 72%.

Reversal detection for SUNTECK

Predicted trend chart of SUNTECK tomorrow for price forecast
SUNTECK may trend may continue to be bearish since stock is making lower low and we can get target of ₹439 in morning tomorrow
Target 1 tomorrow435
Target 2 tomorrow437
Target 3 tomorrow441
 

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 SUNTECK'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 SUNTECK opens on a positive note, our first target will be ₹435.32. If Target 1 is achieved, we will aim for Target 2 which is ₹441.23.

But if SUNTECK falls below the average value of ₹431.18, you can enter a sell side position with target number 1 - ₹425.27 and second target - ₹421.13

SUNTECK's Weekly Targets
1st Up Target 444.27
2nd Up Target 459.13
1st Down Target 417.27
2nd Down Target 405.13

As the week for SUNTECK ended on bearish sentiments, we can expect further continuation of this sentiment. SUNTECK's initial target will be 444.27 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 417.27 in the upcoming week.

Weekly OHLC Values
Open 431.95
High 447.00
Low 420.00
Close 429.40

Week for SUNTECK started with an open price of 431.95, and the close was at 429.40. SUNTECK reached the highest of 447.00 and dipped lowest up to 420.00 last week. This indicates a bearish sentiment for the week.

SUNTECK full month swing targets
Monthly Up Target 1 471.27
Monthly Up Target 2 486.13
Monthly Down Target 1 390.27
Monthly Down Target 2 351.13

Targets of ₹471.27 can be expected to be reached in the coming month. Once SUNTECK achieved this target, we can aim for the next upside target of ₹486.13.

SUNTECK if fails to hold upside, down targets of ₹390.27 and ₹351.13 can be achieved by end of this month.

For complete three weeks if SUNTECK 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 SUNTECK

Symbol Name Industry
DLF DLF Limited Real Estate - Development
LODHA Macrotech Developers Limited Real Estate - Development
GODREJPROP Godrej Properties Limited Real Estate - Development
OBEROIRLTY Oberoi Realty Limited Real Estate - Development
PHOENIXLTD The Phoenix Mills Limited Real Estate - Diversified

Summary

SUNTECK is expected to reach the target of 435.32 in tomorrow's trading session.

After achieving the initial target in SUNTECK, we will aim for higher targets of 441.23 tomorrow.

However, if SUNTECK starts to trade below ₹431.18, then we will shift our focus to the sell side and aim for down targets of 425.27 and 421.13.