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

Kamdhenu Limited

Symbol: NSE:KAMDHENU

ISIN: INE390H01012

508.50

As on 2024-05-17

259.95 (52W Low) 655.00 (52W High)

KAMDHENU's Today's Performance

Kamdhenu Limited started the day by opening at 517.35 today 2024-05-17. Its shares reached a high of 523.10 and dipped to a low of 505.00 in intraday. When the markets closed, KAMDHENU’s stock price settled at ₹508.50 per share. Also check out its key support and resistance levels.

KAMDHENU Buy/Sell Targets

Tomorrow, sell KAMDHENU when its price reaches ₹ 508.50 with a stop-loss order at ₹ 518.58. You can set the target price as ₹ 498.43 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 KAMDHENU 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 KAMDHENU

Downside Targets Value in ₹
Tomorrow Down Target 1 519
Tomorrow Down Target 2 530
Tomorrow Down Target 3 538

Important Levels for KAMDHENU

Holding Levels Value in ₹
Tomorrow Up Target 1 501
Tomorrow Up Target 2 494
Tomorrow Up Target 3 483
Based on where the stock opens tomorrow, if KAMDHENU opens on a positive note, our first target will be ₹519. If Target 1 is achieved, we will aim for Target 2 which is ₹530.

But if KAMDHENU falls below the average value of ₹512.20, you can enter a sell side position with target number 1 - ₹501 and second target - ₹494 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 KAMDHENU

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

Based on this, the predicted sentiment for KAMDHENU is moderate bearish.

Tomorrow's Volume based share price Forecast for KAMDHENU

KAMDHENU'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 78%.

Reversal detection for KAMDHENU

Predicted trend chart of KAMDHENU tomorrow for price forecast
KAMDHENU may trend may continue to be bearish since stock is making lower low and we can get target of ₹523 in morning tomorrow
Target 1 tomorrow519
Target 2 tomorrow523
Target 3 tomorrow530
 

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 KAMDHENU'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 KAMDHENU opens on a positive note, our first target will be ₹519.40. If Target 1 is achieved, we will aim for Target 2 which is ₹530.30.

But if KAMDHENU falls below the average value of ₹512.20, you can enter a sell side position with target number 1 - ₹501.30 and second target - ₹494.10

KAMDHENU's Weekly Targets
1st Up Target 531.60
2nd Up Target 554.70
1st Down Target 490.20
2nd Down Target 471.90

As the week for KAMDHENU ended on bearish sentiments, we can expect further continuation of this sentiment. KAMDHENU's initial target will be 531.60 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 490.20 in the upcoming week.

Weekly OHLC Values
Open 521.00
High 536.40
Low 495.00
Close 508.50

Week for KAMDHENU started with an open price of 521.00, and the close was at 508.50. KAMDHENU reached the highest of 536.40 and dipped lowest up to 495.00 last week. This indicates a bearish sentiment for the week.

KAMDHENU full month swing targets
Monthly Up Target 1 573.00
Monthly Up Target 2 596.10
Monthly Down Target 1 448.80
Monthly Down Target 2 389.10

Targets of ₹573.00 can be expected to be reached in the coming month. Once KAMDHENU achieved this target, we can aim for the next upside target of ₹596.10.

KAMDHENU if fails to hold upside, down targets of ₹448.80 and ₹389.10 can be achieved by end of this month.

For complete three weeks if KAMDHENU 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

KAMDHENU is expected to reach the target of 519.40 in tomorrow's trading session.

After achieving the initial target in KAMDHENU, we will aim for higher targets of 530.30 tomorrow.

However, if KAMDHENU starts to trade below ₹512.20, then we will shift our focus to the sell side and aim for down targets of 501.30 and 494.10.