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

SAI SILKS (KALAMANDIR) LIMITED

Symbol: NSE:KALAMANDIR

ISIN: INE438K01021

163.27

As on 2024-07-23

144.00 (52W Low) 312.00 (52W High)

KALAMANDIR's Today's Performance

SAI SILKS (KALAMANDIR) LIMITED started the day by opening at 165.95 today 2024-07-23. Its shares reached a high of 167.10 and dipped to a low of 161.00 in intraday. When the markets closed, KALAMANDIR’s stock price settled at ₹163.27 per share. Also check out its key support and resistance levels.

KALAMANDIR Buy/Sell Targets

Tomorrow, sell KALAMANDIR when its price reaches ₹ 163.27 with a stop-loss order at ₹ 165.84. You can set the target price as ₹ 160.70 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 KALAMANDIR 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 KALAMANDIR

Downside Targets Value in ₹
Tomorrow Down Target 1 167
Tomorrow Down Target 2 170
Tomorrow Down Target 3 173

Important Levels for KALAMANDIR

Holding Levels Value in ₹
Tomorrow Up Target 1 160
Tomorrow Up Target 2 158
Tomorrow Up Target 3 154
Based on where the stock opens tomorrow, if KALAMANDIR opens on a positive note, our first target will be ₹167. If Target 1 is achieved, we will aim for Target 2 which is ₹170.

But if KALAMANDIR falls below the average value of ₹163.79, you can enter a sell side position with target number 1 - ₹160 and second target - ₹158 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 KALAMANDIR

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

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

Tomorrow's Volume based share price Forecast for KALAMANDIR

KALAMANDIR'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 362%.

Reversal detection for KALAMANDIR

Predicted trend chart of KALAMANDIR tomorrow for price forecast
KALAMANDIR may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹167 in morning tomorrow
Target 1 tomorrow166
Target 2 tomorrow168
Target 3 tomorrow170
 

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 KALAMANDIR'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 KALAMANDIR opens on a positive note, our first target will be ₹166.58. If Target 1 is achieved, we will aim for Target 2 which is ₹169.89.

But if KALAMANDIR falls below the average value of ₹163.79, you can enter a sell side position with target number 1 - ₹160.48 and second target - ₹157.69

KALAMANDIR's Weekly Targets
1st Up Target 168.25
2nd Up Target 173.24
1st Down Target 159.64
2nd Down Target 156.02

As the week for KALAMANDIR ended on bearish sentiments, we can expect further continuation of this sentiment. KALAMANDIR's initial target will be 168.25 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 159.64 in the upcoming week.

Weekly OHLC Values
Open 168.00
High 169.61
Low 161.00
Close 163.27

Week for KALAMANDIR started with an open price of 168.00, and the close was at 163.27. KALAMANDIR reached the highest of 169.61 and dipped lowest up to 161.00 last week. This indicates a bearish sentiment for the week.

KALAMANDIR full month swing targets
Monthly Up Target 1 176.86
Monthly Up Target 2 181.85
Monthly Down Target 1 151.03
Monthly Down Target 2 138.80

Targets of ₹176.86 can be expected to be reached in the coming month. Once KALAMANDIR achieved this target, we can aim for the next upside target of ₹181.85.

KALAMANDIR if fails to hold upside, down targets of ₹151.03 and ₹138.80 can be achieved by end of this month.

For complete three weeks if KALAMANDIR 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

KALAMANDIR is expected to reach the target of 166.58 in tomorrow's trading session.

After achieving the initial target in KALAMANDIR, we will aim for higher targets of 169.89 tomorrow.

However, if KALAMANDIR starts to trade below ₹163.79, then we will shift our focus to the sell side and aim for down targets of 160.48 and 157.69.