Price and trend forecast of LTFOODS for Tomorrow, Weekly, Monthly
LT Foods Limited
Symbol: NSE:LTFOODS
ISIN: INE818H01020
287.80
As on 2024-07-26
LTFOODS's Today's Performance
LT Foods Limited started the day by opening at 294.50 today 2024-07-26. Its shares reached a high of 295.00 and dipped to a low of 285.35 in intraday. When the markets closed, LTFOODS’s stock price settled at ₹287.80 per share. Also check out its key support and resistance levels.
LTFOODS Buy/Sell Targets
Tomorrow, sell LTFOODS when its price reaches ₹ 287.80 with a stop-loss order at ₹ 292.43. You can set the target price as ₹ 283.18 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 LTFOODS 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 LTFOODS
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 293 |
| Tomorrow Down Target 2 | 299 |
| Tomorrow Down Target 3 | 303 |
Important Levels for LTFOODS
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 284 |
| Tomorrow Up Target 2 | 280 |
| Tomorrow Up Target 3 | 274 |
Based on where the stock opens tomorrow, if LTFOODS opens on a positive note, our first target will be ₹293. If Target 1 is achieved, we will aim for Target 2 which is ₹299.
But if LTFOODS falls below the average value of ₹289.38, you can enter a sell side position with target number 1 - ₹284 and second target - ₹280 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 LTFOODS
Looking at LTFOODS, 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, LTFOODS has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for LTFOODS is moderate bearish.
Tomorrow's Volume based share price Forecast for LTFOODS
LTFOODS'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 176%.
Reversal detection for LTFOODS
LTFOODS may trend may continue to be bearish since stock is making lower low and we can get target of ₹290 in morning tomorrow
| Target 1 tomorrow | 293 |
| Target 2 tomorrow | 295 |
| Target 3 tomorrow | 299 |
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 LTFOODS'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 LTFOODS opens on a positive note, our first target will be ₹293.42. If Target 1 is achieved, we will aim for Target 2 which is ₹299.03.
But if LTFOODS falls below the average value of ₹289.38, you can enter a sell side position with target number 1 - ₹283.77 and second target - ₹279.73
LTFOODS's Weekly Targets
| 1st Up Target | 304.52 |
| 2nd Up Target | 321.23 |
| 1st Down Target | 267.82 |
| 2nd Down Target | 247.83 |
As the week for LTFOODS ended on bullish sentiments, we can expect further continuation of this sentiment. LTFOODS's initial target will be 304.52 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 267.82 in the upcoming week.
Weekly OHLC Values
| Open | 281.50 |
| High | 301.25 |
| Low | 264.55 |
| Close | 287.80 |
Week for LTFOODS started with an open price of 281.50, and the close was at 287.80. LTFOODS reached the highest of 301.25 and dipped lowest up to 264.55 last week. This indicates a bullish sentiment for the week.
LTFOODS full month swing targets
| Monthly Up Target 1 | 341.22 |
| Monthly Up Target 2 | 357.93 |
| Monthly Down Target 1 | 231.12 |
| Monthly Down Target 2 | 174.43 |
Targets of ₹341.22 can be expected to be reached in the coming month. Once LTFOODS achieved this target, we can aim for the next upside target of ₹357.93.
LTFOODS if fails to hold upside, down targets of ₹231.12 and ₹174.43 can be achieved by end of this month.
For complete three weeks if LTFOODS 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 LTFOODS
| Symbol | Name | Industry |
|---|---|---|
| ITC | ITC Limited | Tobacco |
| HINDUNILVR | Hindustan Unilever Limited | Household & Personal Products |
| DMART | Avenue Supermarts Limited | Discount Stores |
| NESTLEIND | Nestle India Limited | Packaged Foods |
| VBL | Varun Beverages Limited | Beverages - Non-Alcoholic |
Summary
LTFOODS is expected to reach the target of 293.42 in tomorrow's trading session.
After achieving the initial target in LTFOODS, we will aim for higher targets of 299.03 tomorrow.
However, if LTFOODS starts to trade below ₹289.38, then we will shift our focus to the sell side and aim for down targets of 283.77 and 279.73.