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

IKIO Lighting Limited

Symbol: NSE:IKIO

ISIN: INE0LOJ01019

292.80

As on 2024-04-19

277.10 (52W Low) 477.00 (52W High)

IKIO's Today's Performance

IKIO Lighting Limited started the day by opening at 288.00 today 2024-04-19. Its shares reached a high of 295.00 and dipped to a low of 286.00 in intraday. When the markets closed, IKIO’s stock price settled at ₹292.80 per share. Also check out its key support and resistance levels.

IKIO Buy/Sell Targets

Tomorrow, buy IKIO when its price reaches ₹ 292.80 with a stop-loss order at ₹ 289.03. You can set the target price as ₹ 296.57 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 IKIO 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 IKIO

Downside Targets Value in ₹
Tomorrow Down Target 1 297
Tomorrow Down Target 2 300
Tomorrow Down Target 3 306

Important Levels for IKIO

Holding Levels Value in ₹
Tomorrow Up Target 1 288
Tomorrow Up Target 2 282
Tomorrow Up Target 3 279
Based on where the stock opens tomorrow, if IKIO opens on a positive note, our first target will be ₹297. If Target 1 is achieved, we will aim for Target 2 which is ₹300.

But if IKIO falls below the average value of ₹291.27, you can enter a sell side position with target number 1 - ₹288 and second target - ₹282 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 IKIO

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

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

Tomorrow's Volume based share price Forecast for IKIO

IKIO'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 1123%.

Reversal detection for IKIO

Predicted trend chart of IKIO tomorrow for price forecast
IKIO may trend may continue to be bullish since stock is making higher highs and we can get target of ₹292 in morning tomorrow
Target 1 tomorrow295
Target 2 tomorrow297
Target 3 tomorrow300
 

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 IKIO'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 IKIO opens on a positive note, our first target will be ₹296.53. If Target 1 is achieved, we will aim for Target 2 which is ₹300.27.

But if IKIO falls below the average value of ₹291.27, you can enter a sell side position with target number 1 - ₹287.53 and second target - ₹282.27

IKIO's Weekly Targets
1st Up Target 297.75
2nd Up Target 302.70
1st Down Target 286.70
2nd Down Target 280.60

As the week for IKIO ended on bullish sentiments, we can expect further continuation of this sentiment. IKIO's initial target will be 297.75 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 286.70 in the upcoming week.

Weekly OHLC Values
Open 287.00
High 296.60
Low 285.55
Close 292.80

Week for IKIO started with an open price of 287.00, and the close was at 292.80. IKIO reached the highest of 296.60 and dipped lowest up to 285.55 last week. This indicates a bullish sentiment for the week.

IKIO full month swing targets
Monthly Up Target 1 308.80
Monthly Up Target 2 313.75
Monthly Down Target 1 275.65
Monthly Down Target 2 258.50

Targets of ₹308.80 can be expected to be reached in the coming month. Once IKIO achieved this target, we can aim for the next upside target of ₹313.75.

IKIO if fails to hold upside, down targets of ₹275.65 and ₹258.50 can be achieved by end of this month.

For complete three weeks if IKIO 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

IKIO is expected to reach the target of 296.53 in tomorrow's trading session.

After achieving the initial target in IKIO, we will aim for higher targets of 300.27 tomorrow.

However, if IKIO starts to trade below ₹291.27, then we will shift our focus to the sell side and aim for down targets of 287.53 and 282.27.