Price and trend forecast of KARURVYSYA for Tomorrow, Weekly, Monthly
Karur Vysya Bank Limited
Symbol: NSE:KARURVYSYA
ISIN: INE036D01028
222.52
As on 2024-07-26
KARURVYSYA's Today's Performance
Karur Vysya Bank Limited started the day by opening at 216.98 today 2024-07-26. Its shares reached a high of 229.34 and dipped to a low of 215.24 in intraday. When the markets closed, KARURVYSYA’s stock price settled at ₹222.52 per share. Also check out its key support and resistance levels.
KARURVYSYA Buy/Sell Targets
Tomorrow, buy KARURVYSYA when its price reaches ₹ 222.52 with a stop-loss order at ₹ 217.41. You can set the target price as ₹ 227.63 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 KARURVYSYA 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 KARURVYSYA
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 229 |
| Tomorrow Down Target 2 | 236 |
| Tomorrow Down Target 3 | 244 |
Important Levels for KARURVYSYA
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 215 |
| Tomorrow Up Target 2 | 208 |
| Tomorrow Up Target 3 | 201 |
Based on where the stock opens tomorrow, if KARURVYSYA opens on a positive note, our first target will be ₹229. If Target 1 is achieved, we will aim for Target 2 which is ₹236.
But if KARURVYSYA falls below the average value of ₹222.37, you can enter a sell side position with target number 1 - ₹215 and second target - ₹208 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 KARURVYSYA
Looking at KARURVYSYA, 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, KARURVYSYA has been on a Upward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for KARURVYSYA is strong bullish.
Tomorrow's Volume based share price Forecast for KARURVYSYA
KARURVYSYA's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a strong bullish trend. Volume trend strength over the last month compared to the last week is 29%.
Reversal detection for KARURVYSYA
KARURVYSYA may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹214 in morning tomorrow
| Target 1 tomorrow | 228 |
| Target 2 tomorrow | 231 |
| Target 3 tomorrow | 236 |
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 KARURVYSYA'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 KARURVYSYA opens on a positive note, our first target will be ₹229.49. If Target 1 is achieved, we will aim for Target 2 which is ₹236.47.
But if KARURVYSYA falls below the average value of ₹222.37, you can enter a sell side position with target number 1 - ₹215.39 and second target - ₹208.27
KARURVYSYA's Weekly Targets
| 1st Up Target | 233.47 |
| 2nd Up Target | 244.43 |
| 1st Down Target | 207.43 |
| 2nd Down Target | 192.35 |
As the week for KARURVYSYA ended on bullish sentiments, we can expect further continuation of this sentiment. KARURVYSYA's initial target will be 233.47 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 207.43 in the upcoming week.
Weekly OHLC Values
| Open | 210.14 |
| High | 229.34 |
| Low | 203.30 |
| Close | 222.52 |
Week for KARURVYSYA started with an open price of 210.14, and the close was at 222.52. KARURVYSYA reached the highest of 229.34 and dipped lowest up to 203.30 last week. This indicates a bullish sentiment for the week.
KARURVYSYA full month swing targets
| Monthly Up Target 1 | 259.51 |
| Monthly Up Target 2 | 270.47 |
| Monthly Down Target 1 | 181.39 |
| Monthly Down Target 2 | 140.27 |
Targets of ₹259.51 can be expected to be reached in the coming month. Once KARURVYSYA achieved this target, we can aim for the next upside target of ₹270.47.
KARURVYSYA if fails to hold upside, down targets of ₹181.39 and ₹140.27 can be achieved by end of this month.
For complete three weeks if KARURVYSYA 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 KARURVYSYA
| Symbol | Name | Industry |
|---|---|---|
| HDFCBANK | HDFC Bank Limited | Banks - Regional |
| ICICIBANK | ICICI Bank Limited | Banks - Regional |
| SBIN | State Bank of India | Banks - Regional |
| LICI | Life Insurance Corporation Of India | Insurance - Life |
| BAJFINANCE | Bajaj Finance Limited | Credit Services |
Summary
KARURVYSYA is expected to reach the target of 229.49 in tomorrow's trading session.
After achieving the initial target in KARURVYSYA, we will aim for higher targets of 236.47 tomorrow.
However, if KARURVYSYA starts to trade below ₹222.37, then we will shift our focus to the sell side and aim for down targets of 215.39 and 208.27.