Price and trend forecast of KIOCL for Tomorrow, Weekly, Monthly
KIOCL Limited
Symbol: NSE:KIOCL
ISIN: INE880L01014
398.65
As on 2024-09-06
KIOCL's Today's Performance
KIOCL Limited started the day by opening at 411.00 today 2024-09-06. Its shares reached a high of 413.75 and dipped to a low of 396.35 in intraday. When the markets closed, KIOCL’s stock price settled at ₹398.65 per share. Also check out its key support and resistance levels.
KIOCL Buy/Sell Targets
Tomorrow, sell KIOCL when its price reaches ₹ 398.65 with a stop-loss order at ₹ 404.98. You can set the target price as ₹ 392.32 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 KIOCL 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 KIOCL
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 409 |
| Tomorrow Down Target 2 | 420 |
| Tomorrow Down Target 3 | 427 |
Important Levels for KIOCL
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 392 |
| Tomorrow Up Target 2 | 386 |
| Tomorrow Up Target 3 | 375 |
Based on where the stock opens tomorrow, if KIOCL opens on a positive note, our first target will be ₹409. If Target 1 is achieved, we will aim for Target 2 which is ₹420.
But if KIOCL falls below the average value of ₹402.92, you can enter a sell side position with target number 1 - ₹392 and second target - ₹386 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 KIOCL
Looking at KIOCL, 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, KIOCL has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for KIOCL is strong bearish.
Tomorrow's Volume based share price Forecast for KIOCL
KIOCL'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 51%.
Reversal detection for KIOCL
KIOCL may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹410 in morning tomorrow
| Target 1 tomorrow | 410 |
| Target 2 tomorrow | 414 |
| Target 3 tomorrow | 420 |
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 KIOCL'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 KIOCL opens on a positive note, our first target will be ₹409.48. If Target 1 is achieved, we will aim for Target 2 which is ₹420.32.
But if KIOCL falls below the average value of ₹402.92, you can enter a sell side position with target number 1 - ₹392.08 and second target - ₹385.52
KIOCL's Weekly Targets
| 1st Up Target | 420.25 |
| 2nd Up Target | 441.85 |
| 1st Down Target | 386.70 |
| 2nd Down Target | 374.75 |
As the week for KIOCL ended on bearish sentiments, we can expect further continuation of this sentiment. KIOCL's initial target will be 420.25 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 386.70 in the upcoming week.
Weekly OHLC Values
| Open | 410.85 |
| High | 429.90 |
| Low | 396.35 |
| Close | 398.65 |
Week for KIOCL started with an open price of 410.85, and the close was at 398.65. KIOCL reached the highest of 429.90 and dipped lowest up to 396.35 last week. This indicates a bearish sentiment for the week.
KIOCL full month swing targets
| Monthly Up Target 1 | 453.80 |
| Monthly Up Target 2 | 475.40 |
| Monthly Down Target 1 | 353.15 |
| Monthly Down Target 2 | 307.65 |
Targets of ₹453.80 can be expected to be reached in the coming month. Once KIOCL achieved this target, we can aim for the next upside target of ₹475.40.
KIOCL if fails to hold upside, down targets of ₹353.15 and ₹307.65 can be achieved by end of this month.
For complete three weeks if KIOCL 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 KIOCL
| Symbol | Name | Industry |
|---|---|---|
| ULTRACEMCO | UltraTech Cement Limited | Building Materials |
| ASIANPAINT | Asian Paints Limited | Specialty Chemicals |
| JSWSTEEL | JSW Steel Limited | Steel |
| TATASTEEL | Tata Steel Limited | Steel |
| GRASIM | Grasim Industries Limited | Building Materials |
Summary
KIOCL is expected to reach the target of 409.48 in tomorrow's trading session.
After achieving the initial target in KIOCL, we will aim for higher targets of 420.32 tomorrow.
However, if KIOCL starts to trade below ₹402.92, then we will shift our focus to the sell side and aim for down targets of 392.08 and 385.52.