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

Suraj Estate Developers Ltd.

Symbol: NSE:SURAJEST

ISIN: N/A

576.70

As on 2024-07-19

255.80 (52W Low) 692.00 (52W High)

SURAJEST's Today's Performance

Suraj Estate Developers Ltd. started the day by opening at 580.00 today 2024-07-19. Its shares reached a high of 597.00 and dipped to a low of 560.00 in intraday. When the markets closed, SURAJEST’s stock price settled at ₹576.70 per share. Also check out its key support and resistance levels.

SURAJEST Buy/Sell Targets

Tomorrow, sell SURAJEST when its price reaches ₹ 576.70 with a stop-loss order at ₹ 589.36. You can set the target price as ₹ 564.04 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 SURAJEST 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 SURAJEST

Downside Targets Value in ₹
Tomorrow Down Target 1 596
Tomorrow Down Target 2 615
Tomorrow Down Target 3 633

Important Levels for SURAJEST

Holding Levels Value in ₹
Tomorrow Up Target 1 559
Tomorrow Up Target 2 541
Tomorrow Up Target 3 522
Based on where the stock opens tomorrow, if SURAJEST opens on a positive note, our first target will be ₹596. If Target 1 is achieved, we will aim for Target 2 which is ₹615.

But if SURAJEST falls below the average value of ₹577.90, you can enter a sell side position with target number 1 - ₹559 and second target - ₹541 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 SURAJEST

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

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

Tomorrow's Volume based share price Forecast for SURAJEST

SURAJEST'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 478%.

Reversal detection for SURAJEST

Predicted trend chart of SURAJEST tomorrow for price forecast
SURAJEST may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹592 in morning tomorrow
Target 1 tomorrow592
Target 2 tomorrow601
Target 3 tomorrow615
 

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 SURAJEST'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 SURAJEST opens on a positive note, our first target will be ₹595.80. If Target 1 is achieved, we will aim for Target 2 which is ₹614.90.

But if SURAJEST falls below the average value of ₹577.90, you can enter a sell side position with target number 1 - ₹558.80 and second target - ₹540.90

SURAJEST's Weekly Targets
1st Up Target 611.13
2nd Up Target 645.57
1st Down Target 551.13
2nd Down Target 525.57

As the week for SURAJEST ended on bearish sentiments, we can expect further continuation of this sentiment. SURAJEST's initial target will be 611.13 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 551.13 in the upcoming week.

Weekly OHLC Values
Open 605.00
High 620.00
Low 560.00
Close 576.70

Week for SURAJEST started with an open price of 605.00, and the close was at 576.70. SURAJEST reached the highest of 620.00 and dipped lowest up to 560.00 last week. This indicates a bearish sentiment for the week.

SURAJEST full month swing targets
Monthly Up Target 1 671.13
Monthly Up Target 2 705.57
Monthly Down Target 1 491.13
Monthly Down Target 2 405.57

Targets of ₹671.13 can be expected to be reached in the coming month. Once SURAJEST achieved this target, we can aim for the next upside target of ₹705.57.

SURAJEST if fails to hold upside, down targets of ₹491.13 and ₹405.57 can be achieved by end of this month.

For complete three weeks if SURAJEST 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 SURAJEST

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

SURAJEST is expected to reach the target of 595.80 in tomorrow's trading session.

After achieving the initial target in SURAJEST, we will aim for higher targets of 614.90 tomorrow.

However, if SURAJEST starts to trade below ₹577.90, then we will shift our focus to the sell side and aim for down targets of 558.80 and 540.90.