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

Kokuyo Camlin Limited

Symbol: NSE:KOKUYOCMLN

ISIN: INE760A01029

163.39

As on 2024-11-08

109.60 (52W Low) 230.89 (52W High)

KOKUYOCMLN's Today's Performance

Kokuyo Camlin Limited started the day by opening at 166.55 today 2024-11-08. Its shares reached a high of 167.50 and dipped to a low of 162.35 in intraday. When the markets closed, KOKUYOCMLN’s stock price settled at ₹163.39 per share. Also check out its key support and resistance levels.

KOKUYOCMLN Buy/Sell Targets

Tomorrow, sell KOKUYOCMLN when its price reaches ₹ 163.39 with a stop-loss order at ₹ 167.07. You can set the target price as ₹ 159.71 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 KOKUYOCMLN 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 KOKUYOCMLN

Downside Targets Value in ₹
Tomorrow Down Target 1 166
Tomorrow Down Target 2 170
Tomorrow Down Target 3 172

Important Levels for KOKUYOCMLN

Holding Levels Value in ₹
Tomorrow Up Target 1 161
Tomorrow Up Target 2 159
Tomorrow Up Target 3 156
Based on where the stock opens tomorrow, if KOKUYOCMLN opens on a positive note, our first target will be ₹166. If Target 1 is achieved, we will aim for Target 2 which is ₹170.

But if KOKUYOCMLN falls below the average value of ₹164.41, you can enter a sell side position with target number 1 - ₹161 and second target - ₹159 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 KOKUYOCMLN

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

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

Tomorrow's Volume based share price Forecast for KOKUYOCMLN

KOKUYOCMLN'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 -18%.

Reversal detection for KOKUYOCMLN

Predicted trend chart of KOKUYOCMLN tomorrow for price forecast
KOKUYOCMLN may trend may continue to be bearish since stock is making lower low and we can get target of ₹171 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 KOKUYOCMLN'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 KOKUYOCMLN opens on a positive note, our first target will be ₹166.48. If Target 1 is achieved, we will aim for Target 2 which is ₹169.56.

But if KOKUYOCMLN falls below the average value of ₹164.41, you can enter a sell side position with target number 1 - ₹161.33 and second target - ₹159.26

KOKUYOCMLN's Weekly Targets
1st Up Target 173.14
2nd Up Target 182.90
1st Down Target 157.99
2nd Down Target 152.60

As the week for KOKUYOCMLN ended on bearish sentiments, we can expect further continuation of this sentiment. KOKUYOCMLN's initial target will be 173.14 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 157.99 in the upcoming week.

Weekly OHLC Values
Open 174.80
High 177.50
Low 162.35
Close 163.39

Week for KOKUYOCMLN started with an open price of 174.80, and the close was at 163.39. KOKUYOCMLN reached the highest of 177.50 and dipped lowest up to 162.35 last week. This indicates a bearish sentiment for the week.

KOKUYOCMLN full month swing targets
Monthly Up Target 1 188.29
Monthly Up Target 2 198.05
Monthly Down Target 1 142.84
Monthly Down Target 2 122.30

Targets of ₹188.29 can be expected to be reached in the coming month. Once KOKUYOCMLN achieved this target, we can aim for the next upside target of ₹198.05.

KOKUYOCMLN if fails to hold upside, down targets of ₹142.84 and ₹122.30 can be achieved by end of this month.

For complete three weeks if KOKUYOCMLN 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

KOKUYOCMLN is expected to reach the target of 166.48 in tomorrow's trading session.

After achieving the initial target in KOKUYOCMLN, we will aim for higher targets of 169.56 tomorrow.

However, if KOKUYOCMLN starts to trade below ₹164.41, then we will shift our focus to the sell side and aim for down targets of 161.33 and 159.26.