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

Mukand Limited

Symbol: NSE:MUKANDLTD

ISIN: INE304A01026

165.17

As on 2024-06-13

119.85 (52W Low) 212.80 (52W High)

MUKANDLTD's Today's Performance

Mukand Limited started the day by opening at 161.85 today 2024-06-13. Its shares reached a high of 168.90 and dipped to a low of 161.30 in intraday. When the markets closed, MUKANDLTD’s stock price settled at ₹165.17 per share. Also check out its key support and resistance levels.

MUKANDLTD Buy/Sell Targets

Tomorrow, buy MUKANDLTD when its price reaches ₹ 165.17 with a stop-loss order at ₹ 162.28. You can set the target price as ₹ 168.06 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 MUKANDLTD 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 MUKANDLTD

Downside Targets Value in ₹
Tomorrow Down Target 1 169
Tomorrow Down Target 2 173
Tomorrow Down Target 3 177

Important Levels for MUKANDLTD

Holding Levels Value in ₹
Tomorrow Up Target 1 161
Tomorrow Up Target 2 158
Tomorrow Up Target 3 154
Based on where the stock opens tomorrow, if MUKANDLTD opens on a positive note, our first target will be ₹169. If Target 1 is achieved, we will aim for Target 2 which is ₹173.

But if MUKANDLTD falls below the average value of ₹165.12, you can enter a sell side position with target number 1 - ₹161 and second target - ₹158 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 MUKANDLTD

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

Based on this, the predicted sentiment for MUKANDLTD is strong bullish.

Tomorrow's Volume based share price Forecast for MUKANDLTD

MUKANDLTD'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 162%.

Reversal detection for MUKANDLTD

Predicted trend chart of MUKANDLTD tomorrow for price forecast
MUKANDLTD may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹161 in morning tomorrow
Target 1 tomorrow168
Target 2 tomorrow170
Target 3 tomorrow173
 

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 MUKANDLTD'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 MUKANDLTD opens on a positive note, our first target will be ₹168.95. If Target 1 is achieved, we will aim for Target 2 which is ₹172.72.

But if MUKANDLTD falls below the average value of ₹165.12, you can enter a sell side position with target number 1 - ₹161.35 and second target - ₹157.52

MUKANDLTD's Weekly Targets
1st Up Target 172.02
2nd Up Target 178.88
1st Down Target 155.19
2nd Down Target 145.22

As the week for MUKANDLTD ended on bullish sentiments, we can expect further continuation of this sentiment. MUKANDLTD's initial target will be 172.02 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 155.19 in the upcoming week.

Weekly OHLC Values
Open 154.00
High 168.90
Low 152.07
Close 165.17

Week for MUKANDLTD started with an open price of 154.00, and the close was at 165.17. MUKANDLTD reached the highest of 168.90 and dipped lowest up to 152.07 last week. This indicates a bullish sentiment for the week.

MUKANDLTD full month swing targets
Monthly Up Target 1 188.85
Monthly Up Target 2 195.71
Monthly Down Target 1 138.36
Monthly Down Target 2 111.56

Targets of ₹188.85 can be expected to be reached in the coming month. Once MUKANDLTD achieved this target, we can aim for the next upside target of ₹195.71.

MUKANDLTD if fails to hold upside, down targets of ₹138.36 and ₹111.56 can be achieved by end of this month.

For complete three weeks if MUKANDLTD 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

MUKANDLTD is expected to reach the target of 168.95 in tomorrow's trading session.

After achieving the initial target in MUKANDLTD, we will aim for higher targets of 172.72 tomorrow.

However, if MUKANDLTD starts to trade below ₹165.12, then we will shift our focus to the sell side and aim for down targets of 161.35 and 157.52.