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

J.Kumar Infraprojects Limited

Symbol: NSE:JKIL

ISIN: INE576I01022

630.30

As on 2024-05-17

253.05 (52W Low) 715.00 (52W High)

JKIL's Today's Performance

J.Kumar Infraprojects Limited started the day by opening at 630.00 today 2024-05-17. Its shares reached a high of 639.40 and dipped to a low of 628.10 in intraday. When the markets closed, JKIL’s stock price settled at ₹630.30 per share. Also check out its key support and resistance levels.

JKIL Buy/Sell Targets

Tomorrow, buy JKIL when its price reaches ₹ 630.30 with a stop-loss order at ₹ 623.45. You can set the target price as ₹ 637.15 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 JKIL 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 JKIL

Downside Targets Value in ₹
Tomorrow Down Target 1 637
Tomorrow Down Target 2 644
Tomorrow Down Target 3 648

Important Levels for JKIL

Holding Levels Value in ₹
Tomorrow Up Target 1 626
Tomorrow Up Target 2 621
Tomorrow Up Target 3 615
Based on where the stock opens tomorrow, if JKIL opens on a positive note, our first target will be ₹637. If Target 1 is achieved, we will aim for Target 2 which is ₹644.

But if JKIL falls below the average value of ₹632.60, you can enter a sell side position with target number 1 - ₹626 and second target - ₹621 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 JKIL

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

Based on this, the predicted sentiment for JKIL is strong bearish.

Tomorrow's Volume based share price Forecast for JKIL

JKIL's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a strong bearish trend. Volume trend strength over the last month compared to the last week is 55%.

Reversal detection for JKIL

Predicted trend chart of JKIL tomorrow for price forecast
JKIL may trend may continue to be bullish since stock is making higher highs and we can get target of ₹633 in morning tomorrow
Target 1 tomorrow637
Target 2 tomorrow640
Target 3 tomorrow644
 

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 JKIL'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 JKIL opens on a positive note, our first target will be ₹637.10. If Target 1 is achieved, we will aim for Target 2 which is ₹643.90.

But if JKIL falls below the average value of ₹632.60, you can enter a sell side position with target number 1 - ₹625.80 and second target - ₹621.30

JKIL's Weekly Targets
1st Up Target 647.07
2nd Up Target 663.83
1st Down Target 610.17
2nd Down Target 590.03

As the week for JKIL ended on bullish sentiments, we can expect further continuation of this sentiment. JKIL's initial target will be 647.07 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 610.17 in the upcoming week.

Weekly OHLC Values
Open 620.15
High 643.70
Low 606.80
Close 630.30

Week for JKIL started with an open price of 620.15, and the close was at 630.30. JKIL reached the highest of 643.70 and dipped lowest up to 606.80 last week. This indicates a bullish sentiment for the week.

JKIL full month swing targets
Monthly Up Target 1 683.97
Monthly Up Target 2 700.73
Monthly Down Target 1 573.27
Monthly Down Target 2 516.23

Targets of ₹683.97 can be expected to be reached in the coming month. Once JKIL achieved this target, we can aim for the next upside target of ₹700.73.

JKIL if fails to hold upside, down targets of ₹573.27 and ₹516.23 can be achieved by end of this month.

For complete three weeks if JKIL 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

JKIL is expected to reach the target of 637.10 in tomorrow's trading session.

After achieving the initial target in JKIL, we will aim for higher targets of 643.90 tomorrow.

However, if JKIL starts to trade below ₹632.60, then we will shift our focus to the sell side and aim for down targets of 625.80 and 621.30.