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

Gokaldas Exports Limited

Symbol: NSE:GOKEX

ISIN: INE887G01027

792.05

As on 2024-04-12

351.00 (52W Low) 1,022.95 (52W High)

GOKEX's Today's Performance

Gokaldas Exports Limited started the day by opening at 806.60 today 2024-04-12. Its shares reached a high of 806.60 and dipped to a low of 787.00 in intraday. When the markets closed, GOKEX’s stock price settled at ₹792.05 per share. Also check out its key support and resistance levels.

GOKEX Buy/Sell Targets

Tomorrow, sell GOKEX when its price reaches ₹ 792.05 with a stop-loss order at ₹ 802.89. You can set the target price as ₹ 781.21 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 GOKEX for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for GOKEX

Resistance Levels Value in ₹
Tomorrow Resistance 1 803
Tomorrow Resistance 2 815
Tomorrow Resistance 3 823

Important Supports for GOKEX

Support Levels Value in ₹
Tomorrow Support 1 784
Tomorrow Support 2 776
Tomorrow Support 3 764
Based on where the stock opens tomorrow, if GOKEX opens on a positive note, our first target will be ₹803. If Target 1 is achieved, we will aim for Target 2 which is ₹815.

But if GOKEX falls below the average value of ₹795.22, you can enter a sell side position with target number 1 - ₹784 and second target - ₹776 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 GOKEX

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

Based on this, the predicted sentiment for GOKEX is moderate bullish.

Tomorrow's Volume based share price Forecast for GOKEX

GOKEX's Volume is currently in a Decreasing 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 -9%.

Reversal detection for GOKEX

Predicted trend chart of GOKEX tomorrow for price forecast
GOKEX may trend may continue to be bearish since stock is making lower low and we can get target of ₹794 in morning tomorrow
Target 1 tomorrow803
Target 2 tomorrow807
Target 3 tomorrow815
 

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 GOKEX'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 GOKEX opens on a positive note, our first target will be ₹803.43. If Target 1 is achieved, we will aim for Target 2 which is ₹814.82.

But if GOKEX falls below the average value of ₹795.22, you can enter a sell side position with target number 1 - ₹783.83 and second target - ₹775.62

GOKEX's Weekly Targets
1st Up Target 808.37
2nd Up Target 824.68
1st Down Target 773.97
2nd Down Target 755.88

As the week for GOKEX ended on bullish sentiments, we can expect further continuation of this sentiment. GOKEX's initial target will be 808.37 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 773.97 in the upcoming week.

Weekly OHLC Values
Open 789.45
High 806.60
Low 772.20
Close 792.05

Week for GOKEX started with an open price of 789.45, and the close was at 792.05. GOKEX reached the highest of 806.60 and dipped lowest up to 772.20 last week. This indicates a bullish sentiment for the week.

GOKEX full month swing targets
Monthly Up Target 1 842.77
Monthly Up Target 2 859.08
Monthly Down Target 1 739.57
Monthly Down Target 2 687.08

Targets of ₹842.77 can be expected to be reached in the coming month. Once GOKEX achieved this target, we can aim for the next upside target of ₹859.08.

GOKEX if fails to hold upside, down targets of ₹739.57 and ₹687.08 can be achieved by end of this month.

For complete three weeks if GOKEX 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

GOKEX is expected to reach the target of 803.43 in tomorrow's trading session.

After achieving the initial target in GOKEX, we will aim for higher targets of 814.82 tomorrow.

However, if GOKEX starts to trade below ₹795.22, then we will shift our focus to the sell side and aim for down targets of 783.83 and 775.62.