Price and trend forecast of SURYODAY for Tomorrow, Weekly, Monthly
Suryoday Small Finance Bank Limited
Symbol: NSE:SURYODAY
ISIN: INE428Q01011
171.65
As on 2024-10-04
SURYODAY's Today's Performance
Suryoday Small Finance Bank Limited started the day by opening at 171.50 today 2024-10-04. Its shares reached a high of 173.50 and dipped to a low of 168.30 in intraday. When the markets closed, SURYODAY’s stock price settled at ₹171.65 per share. Also check out its key support and resistance levels.
SURYODAY Buy/Sell Targets
Tomorrow, sell SURYODAY when its price reaches ₹ 171.65 with a stop-loss order at ₹ 174.42. You can set the target price as ₹ 168.88 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 SURYODAY 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 SURYODAY
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 174 |
| Tomorrow Down Target 2 | 176 |
| Tomorrow Down Target 3 | 179 |
Important Levels for SURYODAY
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 169 |
| Tomorrow Up Target 2 | 166 |
| Tomorrow Up Target 3 | 164 |
Based on where the stock opens tomorrow, if SURYODAY opens on a positive note, our first target will be ₹174. If Target 1 is achieved, we will aim for Target 2 which is ₹176.
But if SURYODAY falls below the average value of ₹171.15, you can enter a sell side position with target number 1 - ₹169 and second target - ₹166 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 SURYODAY
Looking at SURYODAY, we've seen a Increasing 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, SURYODAY has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for SURYODAY is strong bearish.
Tomorrow's Volume based share price Forecast for SURYODAY
SURYODAY's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a strong bearish trend. Volume trend strength over the last month compared to the last week is 43%.
Reversal detection for SURYODAY
SURYODAY may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹175 in morning tomorrow
| Target 1 tomorrow | 173 |
| Target 2 tomorrow | 174 |
| Target 3 tomorrow | 176 |
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 SURYODAY'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 SURYODAY opens on a positive note, our first target will be ₹174.00. If Target 1 is achieved, we will aim for Target 2 which is ₹176.35.
But if SURYODAY falls below the average value of ₹171.15, you can enter a sell side position with target number 1 - ₹168.80 and second target - ₹165.95
SURYODAY's Weekly Targets
| 1st Up Target | 181.59 |
| 2nd Up Target | 191.54 |
| 1st Down Target | 165.00 |
| 2nd Down Target | 158.36 |
As the week for SURYODAY ended on bearish sentiments, we can expect further continuation of this sentiment. SURYODAY's initial target will be 181.59 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 165.00 in the upcoming week.
Weekly OHLC Values
| Open | 184.50 |
| High | 184.89 |
| Low | 168.30 |
| Close | 171.65 |
Week for SURYODAY started with an open price of 184.50, and the close was at 171.65. SURYODAY reached the highest of 184.89 and dipped lowest up to 168.30 last week. This indicates a bearish sentiment for the week.
SURYODAY full month swing targets
| Monthly Up Target 1 | 198.18 |
| Monthly Up Target 2 | 208.13 |
| Monthly Down Target 1 | 148.41 |
| Monthly Down Target 2 | 125.18 |
Targets of ₹198.18 can be expected to be reached in the coming month. Once SURYODAY achieved this target, we can aim for the next upside target of ₹208.13.
SURYODAY if fails to hold upside, down targets of ₹148.41 and ₹125.18 can be achieved by end of this month.
For complete three weeks if SURYODAY 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 SURYODAY
| Symbol | Name | Industry |
|---|---|---|
| HDFCBANK | HDFC Bank Limited | Banks - Regional |
| ICICIBANK | ICICI Bank Limited | Banks - Regional |
| SBIN | State Bank of India | Banks - Regional |
| LICI | Life Insurance Corporation Of India | Insurance - Life |
| BAJFINANCE | Bajaj Finance Limited | Credit Services |
Summary
SURYODAY is expected to reach the target of 174.00 in tomorrow's trading session.
After achieving the initial target in SURYODAY, we will aim for higher targets of 176.35 tomorrow.
However, if SURYODAY starts to trade below ₹171.15, then we will shift our focus to the sell side and aim for down targets of 168.80 and 165.95.