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

Surya Roshni Limited

Symbol: NSE:SURYAROSNI

ISIN: INE335A01012

553.20

As on 2024-04-16

467.55 (52W Low) 1,154.00 (52W High)

SURYAROSNI's Today's Performance

Surya Roshni Limited started the day by opening at 550.00 today 2024-04-16. Its shares reached a high of 562.10 and dipped to a low of 550.00 in intraday. When the markets closed, SURYAROSNI’s stock price settled at ₹553.20 per share. Also check out its key support and resistance levels.

SURYAROSNI Buy/Sell Targets

Tomorrow, sell SURYAROSNI when its price reaches ₹ 553.20 with a stop-loss order at ₹ 564.88. You can set the target price as ₹ 541.52 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 SURYAROSNI for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for SURYAROSNI

Resistance Levels Value in ₹
Tomorrow Resistance 1 560
Tomorrow Resistance 2 567
Tomorrow Resistance 3 572

Important Supports for SURYAROSNI

Support Levels Value in ₹
Tomorrow Support 1 548
Tomorrow Support 2 543
Tomorrow Support 3 536
Based on where the stock opens tomorrow, if SURYAROSNI opens on a positive note, our first target will be ₹560. If Target 1 is achieved, we will aim for Target 2 which is ₹567.

But if SURYAROSNI falls below the average value of ₹555.10, you can enter a sell side position with target number 1 - ₹548 and second target - ₹543 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 SURYAROSNI

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

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

Tomorrow's Volume based share price Forecast for SURYAROSNI

SURYAROSNI'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 61%.

Reversal detection for SURYAROSNI

Predicted trend chart of SURYAROSNI tomorrow for price forecast
SURYAROSNI may trend may continue to be bearish since stock is making lower low and we can get target of ₹556 in morning tomorrow
Target 1 tomorrow560
Target 2 tomorrow563
Target 3 tomorrow567
 

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 SURYAROSNI'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 SURYAROSNI opens on a positive note, our first target will be ₹560.20. If Target 1 is achieved, we will aim for Target 2 which is ₹567.20.

But if SURYAROSNI falls below the average value of ₹555.10, you can enter a sell side position with target number 1 - ₹548.10 and second target - ₹543.00

SURYAROSNI's Weekly Targets
1st Up Target 574.48
2nd Up Target 595.77
1st Down Target 532.68
2nd Down Target 512.17

As the week for SURYAROSNI ended on bullish sentiments, we can expect further continuation of this sentiment. SURYAROSNI's initial target will be 574.48 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 532.68 in the upcoming week.

Weekly OHLC Values
Open 550.65
High 575.25
Low 533.45
Close 553.20

Week for SURYAROSNI started with an open price of 550.65, and the close was at 553.20. SURYAROSNI reached the highest of 575.25 and dipped lowest up to 533.45 last week. This indicates a bullish sentiment for the week.

SURYAROSNI full month swing targets
Monthly Up Target 1 616.28
Monthly Up Target 2 637.57
Monthly Down Target 1 490.88
Monthly Down Target 2 428.57

Targets of ₹616.28 can be expected to be reached in the coming month. Once SURYAROSNI achieved this target, we can aim for the next upside target of ₹637.57.

SURYAROSNI if fails to hold upside, down targets of ₹490.88 and ₹428.57 can be achieved by end of this month.

For complete three weeks if SURYAROSNI 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

SURYAROSNI is expected to reach the target of 560.20 in tomorrow's trading session.

After achieving the initial target in SURYAROSNI, we will aim for higher targets of 567.20 tomorrow.

However, if SURYAROSNI starts to trade below ₹555.10, then we will shift our focus to the sell side and aim for down targets of 548.10 and 543.00.