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

JK Paper Limited

Symbol: NSE:JKPAPER

ISIN: INE789E01012

362.70

As on 2024-04-12

306.40 (52W Low) 452.00 (52W High)

JKPAPER's Today's Performance

JK Paper Limited started the day by opening at 364.40 today 2024-04-12. Its shares reached a high of 371.00 and dipped to a low of 361.00 in intraday. When the markets closed, JKPAPER’s stock price settled at ₹362.70 per share. Also check out its key support and resistance levels.

JKPAPER Buy/Sell Targets

Tomorrow, sell JKPAPER when its price reaches ₹ 362.70 with a stop-loss order at ₹ 367.13. You can set the target price as ₹ 358.28 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 JKPAPER 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 JKPAPER

Resistance Levels Value in ₹
Tomorrow Resistance 1 369
Tomorrow Resistance 2 375
Tomorrow Resistance 3 379

Important Supports for JKPAPER

Support Levels Value in ₹
Tomorrow Support 1 359
Tomorrow Support 2 355
Tomorrow Support 3 349
Based on where the stock opens tomorrow, if JKPAPER opens on a positive note, our first target will be ₹369. If Target 1 is achieved, we will aim for Target 2 which is ₹375.

But if JKPAPER falls below the average value of ₹364.90, you can enter a sell side position with target number 1 - ₹359 and second target - ₹355 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 JKPAPER

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

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

Tomorrow's Volume based share price Forecast for JKPAPER

JKPAPER'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 -15%.

Reversal detection for JKPAPER

Predicted trend chart of JKPAPER tomorrow for price forecast
JKPAPER may trend may continue to be bearish since stock is making lower low and we can get target of ₹365 in morning tomorrow
Target 1 tomorrow369
Target 2 tomorrow371
Target 3 tomorrow375
 

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 JKPAPER'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 JKPAPER opens on a positive note, our first target will be ₹368.80. If Target 1 is achieved, we will aim for Target 2 which is ₹374.90.

But if JKPAPER falls below the average value of ₹364.90, you can enter a sell side position with target number 1 - ₹358.80 and second target - ₹354.90

JKPAPER's Weekly Targets
1st Up Target 371.33
2nd Up Target 379.97
1st Down Target 353.73
2nd Down Target 344.77

As the week for JKPAPER ended on bullish sentiments, we can expect further continuation of this sentiment. JKPAPER's initial target will be 371.33 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 353.73 in the upcoming week.

Weekly OHLC Values
Open 354.95
High 371.00
Low 353.40
Close 362.70

Week for JKPAPER started with an open price of 354.95, and the close was at 362.70. JKPAPER reached the highest of 371.00 and dipped lowest up to 353.40 last week. This indicates a bullish sentiment for the week.

JKPAPER full month swing targets
Monthly Up Target 1 388.93
Monthly Up Target 2 397.57
Monthly Down Target 1 336.13
Monthly Down Target 2 309.57

Targets of ₹388.93 can be expected to be reached in the coming month. Once JKPAPER achieved this target, we can aim for the next upside target of ₹397.57.

JKPAPER if fails to hold upside, down targets of ₹336.13 and ₹309.57 can be achieved by end of this month.

For complete three weeks if JKPAPER 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

JKPAPER is expected to reach the target of 368.80 in tomorrow's trading session.

After achieving the initial target in JKPAPER, we will aim for higher targets of 374.90 tomorrow.

However, if JKPAPER starts to trade below ₹364.90, then we will shift our focus to the sell side and aim for down targets of 358.80 and 354.90.