Price and trend forecast of SURAJEST for Tomorrow, Weekly, Monthly
Suraj Estate Developers Ltd.
Symbol: NSE:SURAJEST
ISIN: INE843S01025
591.80
As on 2024-12-26
SURAJEST's Today's Performance
Suraj Estate Developers Ltd. started the day by opening at 601.30 today 2024-12-26. Its shares reached a high of 606.80 and dipped to a low of 587.20 in intraday. When the markets closed, SURAJEST’s stock price settled at ₹591.80 per share. Also check out its key support and resistance levels.
SURAJEST Buy/Sell Targets
Tomorrow, sell SURAJEST when its price reaches ₹ 591.80 with a stop-loss order at ₹ 604.11. You can set the target price as ₹ 579.49 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 | 603 |
| Tomorrow Down Target 2 | 615 |
| Tomorrow Down Target 3 | 623 |
Important Levels for SURAJEST
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 584 |
| Tomorrow Up Target 2 | 576 |
| Tomorrow Up Target 3 | 564 |
Based on where the stock opens tomorrow, if SURAJEST opens on a positive note, our first target will be ₹603. If Target 1 is achieved, we will aim for Target 2 which is ₹615.
But if SURAJEST falls below the average value of ₹595.27, you can enter a sell side position with target number 1 - ₹584 and second target - ₹576 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 490%.
Reversal detection for SURAJEST
SURAJEST may trend may continue to be bearish since stock is making lower low and we can get target of ₹595 in morning tomorrow
| Target 1 tomorrow | 603 |
| Target 2 tomorrow | 607 |
| Target 3 tomorrow | 615 |
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 ₹603.33. If Target 1 is achieved, we will aim for Target 2 which is ₹614.87.
But if SURAJEST falls below the average value of ₹595.27, you can enter a sell side position with target number 1 - ₹583.73 and second target - ₹575.67
SURAJEST's Weekly Targets
| 1st Up Target | 608.87 |
| 2nd Up Target | 625.93 |
| 1st Down Target | 575.87 |
| 2nd Down Target | 559.93 |
As the week for SURAJEST ended on bearish sentiments, we can expect further continuation of this sentiment. SURAJEST's initial target will be 608.87 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 575.87 in the upcoming week.
Weekly OHLC Values
| Open | 603.85 |
| High | 610.00 |
| Low | 577.00 |
| Close | 591.80 |
Week for SURAJEST started with an open price of 603.85, and the close was at 591.80. SURAJEST reached the highest of 610.00 and dipped lowest up to 577.00 last week. This indicates a bearish sentiment for the week.
SURAJEST full month swing targets
| Monthly Up Target 1 | 641.87 |
| Monthly Up Target 2 | 658.93 |
| Monthly Down Target 1 | 542.87 |
| Monthly Down Target 2 | 493.93 |
Targets of ₹641.87 can be expected to be reached in the coming month. Once SURAJEST achieved this target, we can aim for the next upside target of ₹658.93.
SURAJEST if fails to hold upside, down targets of ₹542.87 and ₹493.93 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 603.33 in tomorrow's trading session.
After achieving the initial target in SURAJEST, we will aim for higher targets of 614.87 tomorrow.
However, if SURAJEST starts to trade below ₹595.27, then we will shift our focus to the sell side and aim for down targets of 583.73 and 575.67.