Price and trend forecast of JKLAKSHMI for Tomorrow, Weekly, Monthly
JK Lakshmi Cement Limited
Symbol: NSE:JKLAKSHMI
ISIN: INE786A01032
857.50
As on 2024-07-26
JKLAKSHMI's Today's Performance
JK Lakshmi Cement Limited started the day by opening at 845.40 today 2024-07-26. Its shares reached a high of 859.95 and dipped to a low of 841.20 in intraday. When the markets closed, JKLAKSHMI’s stock price settled at ₹857.50 per share. Also check out its key support and resistance levels.
JKLAKSHMI Buy/Sell Targets
Tomorrow, buy JKLAKSHMI when its price reaches ₹ 857.50 with a stop-loss order at ₹ 848.88. You can set the target price as ₹ 866.12 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 JKLAKSHMI 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 JKLAKSHMI
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 865 |
| Tomorrow Down Target 2 | 872 |
| Tomorrow Down Target 3 | 883 |
Important Levels for JKLAKSHMI
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 846 |
| Tomorrow Up Target 2 | 834 |
| Tomorrow Up Target 3 | 827 |
Based on where the stock opens tomorrow, if JKLAKSHMI opens on a positive note, our first target will be ₹865. If Target 1 is achieved, we will aim for Target 2 which is ₹872.
But if JKLAKSHMI falls below the average value of ₹852.88, you can enter a sell side position with target number 1 - ₹846 and second target - ₹834 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 JKLAKSHMI
Looking at JKLAKSHMI, 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, JKLAKSHMI has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for JKLAKSHMI is moderate bearish.
Tomorrow's Volume based share price Forecast for JKLAKSHMI
JKLAKSHMI'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 2%.
Reversal detection for JKLAKSHMI
JKLAKSHMI may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹843 in morning tomorrow
| Target 1 tomorrow | 860 |
| Target 2 tomorrow | 864 |
| Target 3 tomorrow | 872 |
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 JKLAKSHMI'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 JKLAKSHMI opens on a positive note, our first target will be ₹864.57. If Target 1 is achieved, we will aim for Target 2 which is ₹871.63.
But if JKLAKSHMI falls below the average value of ₹852.88, you can enter a sell side position with target number 1 - ₹845.82 and second target - ₹834.13
JKLAKSHMI's Weekly Targets
| 1st Up Target | 872.60 |
| 2nd Up Target | 887.70 |
| 1st Down Target | 829.75 |
| 2nd Down Target | 802.00 |
As the week for JKLAKSHMI ended on bullish sentiments, we can expect further continuation of this sentiment. JKLAKSHMI's initial target will be 872.60 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 829.75 in the upcoming week.
Weekly OHLC Values
| Open | 844.90 |
| High | 859.95 |
| Low | 817.10 |
| Close | 857.50 |
Week for JKLAKSHMI started with an open price of 844.90, and the close was at 857.50. JKLAKSHMI reached the highest of 859.95 and dipped lowest up to 817.10 last week. This indicates a bullish sentiment for the week.
JKLAKSHMI full month swing targets
| Monthly Up Target 1 | 915.45 |
| Monthly Up Target 2 | 930.55 |
| Monthly Down Target 1 | 786.90 |
| Monthly Down Target 2 | 716.30 |
Targets of ₹915.45 can be expected to be reached in the coming month. Once JKLAKSHMI achieved this target, we can aim for the next upside target of ₹930.55.
JKLAKSHMI if fails to hold upside, down targets of ₹786.90 and ₹716.30 can be achieved by end of this month.
For complete three weeks if JKLAKSHMI 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 JKLAKSHMI
| Symbol | Name | Industry |
|---|---|---|
| ULTRACEMCO | UltraTech Cement Limited | Building Materials |
| ASIANPAINT | Asian Paints Limited | Specialty Chemicals |
| JSWSTEEL | JSW Steel Limited | Steel |
| TATASTEEL | Tata Steel Limited | Steel |
| GRASIM | Grasim Industries Limited | Building Materials |
Summary
JKLAKSHMI is expected to reach the target of 864.57 in tomorrow's trading session.
After achieving the initial target in JKLAKSHMI, we will aim for higher targets of 871.63 tomorrow.
However, if JKLAKSHMI starts to trade below ₹852.88, then we will shift our focus to the sell side and aim for down targets of 845.82 and 834.13.