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

Swan Energy Limited

Symbol: NSE:SWANENERGY

ISIN: INE665A01038

702.55

As on 2024-07-24

214.25 (52W Low) 782.25 (52W High)

SWANENERGY's Today's Performance

Swan Energy Limited started the day by opening at 675.00 today 2024-07-24. Its shares reached a high of 702.55 and dipped to a low of 672.50 in intraday. When the markets closed, SWANENERGY’s stock price settled at ₹702.55 per share. Also check out its key support and resistance levels.

SWANENERGY Buy/Sell Targets

Tomorrow, buy SWANENERGY when its price reaches ₹ 702.55 with a stop-loss order at ₹ 686.31. You can set the target price as ₹ 718.79 to capture potential gains. This buy 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 levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for SWANENERGY

Downside Targets Value in ₹
Tomorrow Down Target 1 713
Tomorrow Down Target 2 723
Tomorrow Down Target 3 743

Important Levels for SWANENERGY

Holding Levels Value in ₹
Tomorrow Up Target 1 683
Tomorrow Up Target 2 662
Tomorrow Up Target 3 652
Based on where the stock opens tomorrow, if SWANENERGY opens on a positive note, our first target will be ₹713. If Target 1 is achieved, we will aim for Target 2 which is ₹723.

But if SWANENERGY falls below the average value of ₹692.53, you can enter a sell side position with target number 1 - ₹683 and second target - ₹662 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 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, 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 moderate bearish.

Tomorrow's Volume based share price Forecast for SWANENERGY

SWANENERGY'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 26%.

Reversal detection for SWANENERGY

Predicted trend chart of SWANENERGY tomorrow for price forecast
SWANENERGY may trend may continue to be bullish since stock is making higher highs and we can get target of ₹673 in morning tomorrow
Target 1 tomorrow704
Target 2 tomorrow711
Target 3 tomorrow723
 

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 ₹712.57. If Target 1 is achieved, we will aim for Target 2 which is ₹722.58.

But if SWANENERGY falls below the average value of ₹692.53, you can enter a sell side position with target number 1 - ₹682.52 and second target - ₹662.48

SWANENERGY's Weekly Targets
1st Up Target 719.83
2nd Up Target 737.12
1st Down Target 667.98
2nd Down Target 633.42

As the week for SWANENERGY ended on bullish sentiments, we can expect further continuation of this sentiment. SWANENERGY's initial target will be 719.83 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 667.98 in the upcoming week.

Weekly OHLC Values
Open 680.10
High 702.55
Low 650.70
Close 702.55

Week for SWANENERGY started with an open price of 680.10, and the close was at 702.55. SWANENERGY reached the highest of 702.55 and dipped lowest up to 650.70 last week. This indicates a bullish sentiment for the week.

SWANENERGY full month swing targets
Monthly Up Target 1 771.68
Monthly Up Target 2 788.97
Monthly Down Target 1 616.13
Monthly Down Target 2 529.72

Targets of ₹771.68 can be expected to be reached in the coming month. Once SWANENERGY achieved this target, we can aim for the next upside target of ₹788.97.

SWANENERGY if fails to hold upside, down targets of ₹616.13 and ₹529.72 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 712.57 in tomorrow's trading session.

After achieving the initial target in SWANENERGY, we will aim for higher targets of 722.58 tomorrow.

However, if SWANENERGY starts to trade below ₹692.53, then we will shift our focus to the sell side and aim for down targets of 682.52 and 662.48.