Price and trend forecast of LYKALABS for Tomorrow, Weekly, Monthly
Lyka Labs Limited
Symbol: NSE:LYKALABS
ISIN: INE933A01014
124.20
As on 2024-07-26
LYKALABS's Today's Performance
Lyka Labs Limited started the day by opening at 118.65 today 2024-07-26. Its shares reached a high of 129.40 and dipped to a low of 118.23 in intraday. When the markets closed, LYKALABS’s stock price settled at ₹124.20 per share. Also check out its key support and resistance levels.
LYKALABS Buy/Sell Targets
Tomorrow, buy LYKALABS when its price reaches ₹ 124.20 with a stop-loss order at ₹ 120.40. You can set the target price as ₹ 128.00 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 LYKALABS 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 LYKALABS
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 130 |
| Tomorrow Down Target 2 | 135 |
| Tomorrow Down Target 3 | 141 |
Important Levels for LYKALABS
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 118 |
| Tomorrow Up Target 2 | 113 |
| Tomorrow Up Target 3 | 107 |
Based on where the stock opens tomorrow, if LYKALABS opens on a positive note, our first target will be ₹130. If Target 1 is achieved, we will aim for Target 2 which is ₹135.
But if LYKALABS falls below the average value of ₹123.94, you can enter a sell side position with target number 1 - ₹118 and second target - ₹113 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 LYKALABS
Looking at LYKALABS, 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, LYKALABS has been on a Upward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for LYKALABS is moderate bullish.
Tomorrow's Volume based share price Forecast for LYKALABS
LYKALABS's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is -74%.
Reversal detection for LYKALABS
LYKALABS may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹118 in morning tomorrow
| Target 1 tomorrow | 128 |
| Target 2 tomorrow | 131 |
| Target 3 tomorrow | 135 |
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 LYKALABS'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 LYKALABS opens on a positive note, our first target will be ₹129.66. If Target 1 is achieved, we will aim for Target 2 which is ₹135.11.
But if LYKALABS falls below the average value of ₹123.94, you can enter a sell side position with target number 1 - ₹118.49 and second target - ₹112.77
LYKALABS's Weekly Targets
| 1st Up Target | 131.73 |
| 2nd Up Target | 139.27 |
| 1st Down Target | 114.33 |
| 2nd Down Target | 104.47 |
As the week for LYKALABS ended on bullish sentiments, we can expect further continuation of this sentiment. LYKALABS's initial target will be 131.73 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 114.33 in the upcoming week.
Weekly OHLC Values
| Open | 114.30 |
| High | 129.40 |
| Low | 112.00 |
| Close | 124.20 |
Week for LYKALABS started with an open price of 114.30, and the close was at 124.20. LYKALABS reached the highest of 129.40 and dipped lowest up to 112.00 last week. This indicates a bullish sentiment for the week.
LYKALABS full month swing targets
| Monthly Up Target 1 | 149.13 |
| Monthly Up Target 2 | 156.67 |
| Monthly Down Target 1 | 96.93 |
| Monthly Down Target 2 | 69.67 |
Targets of ₹149.13 can be expected to be reached in the coming month. Once LYKALABS achieved this target, we can aim for the next upside target of ₹156.67.
LYKALABS if fails to hold upside, down targets of ₹96.93 and ₹69.67 can be achieved by end of this month.
For complete three weeks if LYKALABS 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 LYKALABS
| Symbol | Name | Industry |
|---|---|---|
| SUNPHARMA | Sun Pharmaceutical Industries Limited | Drug Manufacturers - Specialty & Generic |
| CIPLA | Cipla Limited | Drug Manufacturers - General |
| DRREDDY | Dr. Reddy's Laboratories Limited | Drug Manufacturers - Specialty & Generic |
| ZYDUSLIFE | Zydus Lifesciences Limited | Drug Manufacturers - Specialty & Generic |
| APOLLOHOSP | Apollo Hospitals Enterprise Limited | Medical Care Facilities |
Summary
LYKALABS is expected to reach the target of 129.66 in tomorrow's trading session.
After achieving the initial target in LYKALABS, we will aim for higher targets of 135.11 tomorrow.
However, if LYKALABS starts to trade below ₹123.94, then we will shift our focus to the sell side and aim for down targets of 118.49 and 112.77.