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

Swan Energy Limited

Symbol: NSE:SWANENERGY

ISIN: INE665A01038

651.35

As on 2024-04-12

208.05 (52W Low) 782.25 (52W High)

SWANENERGY's Today's Performance

Swan Energy Limited started the day by opening at 665.95 today 2024-04-12. Its shares reached a high of 673.30 and dipped to a low of 648.25 in intraday. When the markets closed, SWANENERGY’s stock price settled at ₹651.35 per share. Also check out its key support and resistance levels.

SWANENERGY Buy/Sell Targets

Tomorrow, sell SWANENERGY when its price reaches ₹ 651.35 with a stop-loss order at ₹ 663.28. You can set the target price as ₹ 639.42 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 SWANENERGY 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 SWANENERGY

Resistance Levels Value in ₹
Tomorrow Resistance 1 667
Tomorrow Resistance 2 683
Tomorrow Resistance 3 692

Important Supports for SWANENERGY

Support Levels Value in ₹
Tomorrow Support 1 642
Tomorrow Support 2 633
Tomorrow Support 3 617
Based on where the stock opens tomorrow, if SWANENERGY opens on a positive note, our first target will be ₹667. If Target 1 is achieved, we will aim for Target 2 which is ₹683.

But if SWANENERGY falls below the average value of ₹657.63, you can enter a sell side position with target number 1 - ₹642 and second target - ₹633 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 SWANENERGY

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

Based on this, the predicted sentiment for SWANENERGY is strong bearish.

Tomorrow's Volume based share price Forecast for SWANENERGY

SWANENERGY'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 26%.

Reversal detection for SWANENERGY

Predicted trend chart of SWANENERGY tomorrow for price forecast
SWANENERGY may trend may continue to be bearish since stock is making lower low and we can get target of ₹667 in morning tomorrow
Target 1 tomorrow667
Target 2 tomorrow673
Target 3 tomorrow683
 

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 SWANENERGY'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 SWANENERGY opens on a positive note, our first target will be ₹667.02. If Target 1 is achieved, we will aim for Target 2 which is ₹682.68.

But if SWANENERGY falls below the average value of ₹657.63, you can enter a sell side position with target number 1 - ₹641.97 and second target - ₹632.58

SWANENERGY's Weekly Targets
1st Up Target 674.62
2nd Up Target 697.88
1st Down Target 638.17
2nd Down Target 624.98

As the week for SWANENERGY ended on bearish sentiments, we can expect further continuation of this sentiment. SWANENERGY's initial target will be 674.62 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 638.17 in the upcoming week.

Weekly OHLC Values
Open 681.50
High 684.70
Low 648.25
Close 651.35

Week for SWANENERGY started with an open price of 681.50, and the close was at 651.35. SWANENERGY reached the highest of 684.70 and dipped lowest up to 648.25 last week. This indicates a bearish sentiment for the week.

SWANENERGY full month swing targets
Monthly Up Target 1 711.07
Monthly Up Target 2 734.33
Monthly Down Target 1 601.72
Monthly Down Target 2 552.08

Targets of ₹711.07 can be expected to be reached in the coming month. Once SWANENERGY achieved this target, we can aim for the next upside target of ₹734.33.

SWANENERGY if fails to hold upside, down targets of ₹601.72 and ₹552.08 can be achieved by end of this month.

For complete three weeks if SWANENERGY 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

SWANENERGY is expected to reach the target of 667.02 in tomorrow's trading session.

After achieving the initial target in SWANENERGY, we will aim for higher targets of 682.68 tomorrow.

However, if SWANENERGY starts to trade below ₹657.63, then we will shift our focus to the sell side and aim for down targets of 641.97 and 632.58.