Price and trend forecast of SYRMA for Tomorrow, Weekly, Monthly
Syrma SGS Technology Limited
Symbol: NSE:SYRMA
ISIN: INE0DYJ01015
475.60
As on 2024-07-26
SYRMA's Today's Performance
Syrma SGS Technology Limited started the day by opening at 474.90 today 2024-07-26. Its shares reached a high of 487.95 and dipped to a low of 472.50 in intraday. When the markets closed, SYRMA’s stock price settled at ₹475.60 per share. Also check out its key support and resistance levels.
SYRMA Buy/Sell Targets
Tomorrow, buy SYRMA when its price reaches ₹ 475.60 with a stop-loss order at ₹ 467.88. You can set the target price as ₹ 483.32 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 SYRMA 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 SYRMA
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 485 |
| Tomorrow Down Target 2 | 494 |
| Tomorrow Down Target 3 | 500 |
Important Levels for SYRMA
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 469 |
| Tomorrow Up Target 2 | 463 |
| Tomorrow Up Target 3 | 454 |
Based on where the stock opens tomorrow, if SYRMA opens on a positive note, our first target will be ₹485. If Target 1 is achieved, we will aim for Target 2 which is ₹494.
But if SYRMA falls below the average value of ₹478.68, you can enter a sell side position with target number 1 - ₹469 and second target - ₹463 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 SYRMA
Looking at SYRMA, 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, SYRMA has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for SYRMA is moderate bearish.
Tomorrow's Volume based share price Forecast for SYRMA
SYRMA's Volume is currently in a Increasing 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 -40%.
Reversal detection for SYRMA
SYRMA may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹471 in morning tomorrow
| Target 1 tomorrow | 485 |
| Target 2 tomorrow | 488 |
| Target 3 tomorrow | 494 |
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 SYRMA'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 SYRMA opens on a positive note, our first target will be ₹484.87. If Target 1 is achieved, we will aim for Target 2 which is ₹494.13.
But if SYRMA falls below the average value of ₹478.68, you can enter a sell side position with target number 1 - ₹469.42 and second target - ₹463.23
SYRMA's Weekly Targets
| 1st Up Target | 495.68 |
| 2nd Up Target | 515.77 |
| 1st Down Target | 447.78 |
| 2nd Down Target | 419.97 |
As the week for SYRMA ended on bullish sentiments, we can expect further continuation of this sentiment. SYRMA's initial target will be 495.68 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 447.78 in the upcoming week.
Weekly OHLC Values
| Open | 440.05 |
| High | 487.95 |
| Low | 440.05 |
| Close | 475.60 |
Week for SYRMA started with an open price of 440.05, and the close was at 475.60. SYRMA reached the highest of 487.95 and dipped lowest up to 440.05 last week. This indicates a bullish sentiment for the week.
SYRMA full month swing targets
| Monthly Up Target 1 | 543.58 |
| Monthly Up Target 2 | 563.67 |
| Monthly Down Target 1 | 399.88 |
| Monthly Down Target 2 | 324.17 |
Targets of ₹543.58 can be expected to be reached in the coming month. Once SYRMA achieved this target, we can aim for the next upside target of ₹563.67.
SYRMA if fails to hold upside, down targets of ₹399.88 and ₹324.17 can be achieved by end of this month.
For complete three weeks if SYRMA 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 SYRMA
| Symbol | Name | Industry |
|---|---|---|
| TCS | Tata Consultancy Services Limited | Information Technology Services |
| INFY | Infosys Limited | Information Technology Services |
| CYIENTDLM | Cyient DLM Limited | Electronic Components |
| HCLTECH | HCL Technologies Limited | Information Technology Services |
| IDEAFORGE | ideaForge Technology Limited | Computer Hardware |
Summary
SYRMA is expected to reach the target of 484.87 in tomorrow's trading session.
After achieving the initial target in SYRMA, we will aim for higher targets of 494.13 tomorrow.
However, if SYRMA starts to trade below ₹478.68, then we will shift our focus to the sell side and aim for down targets of 469.42 and 463.23.