Price and trend forecast of JKPAPER for Tomorrow, Weekly, Monthly
JK Paper Limited
Symbol: NSE:JKPAPER
ISIN: INE789E01012
521.05
As on 2024-07-26
JKPAPER's Today's Performance
JK Paper Limited started the day by opening at 526.00 today 2024-07-26. Its shares reached a high of 533.00 and dipped to a low of 518.05 in intraday. When the markets closed, JKPAPER’s stock price settled at ₹521.05 per share. Also check out its key support and resistance levels.
JKPAPER Buy/Sell Targets
Tomorrow, buy JKPAPER when its price reaches ₹ 521.05 with a stop-loss order at ₹ 510.23. You can set the target price as ₹ 531.88 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 JKPAPER 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 JKPAPER
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 530 |
| Tomorrow Down Target 2 | 539 |
| Tomorrow Down Target 3 | 545 |
Important Levels for JKPAPER
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 515 |
| Tomorrow Up Target 2 | 509 |
| Tomorrow Up Target 3 | 500 |
Based on where the stock opens tomorrow, if JKPAPER opens on a positive note, our first target will be ₹530. If Target 1 is achieved, we will aim for Target 2 which is ₹539.
But if JKPAPER falls below the average value of ₹524.03, you can enter a sell side position with target number 1 - ₹515 and second target - ₹509 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 Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for JKPAPER is moderate bearish.
Tomorrow's Volume based share price Forecast for JKPAPER
JKPAPER'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 -15%.
Reversal detection for JKPAPER
JKPAPER may trend may continue to be bullish since stock is making higher highs and we can get target of ₹516 in morning tomorrow
| Target 1 tomorrow | 530 |
| Target 2 tomorrow | 533 |
| Target 3 tomorrow | 539 |
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 ₹530.02. If Target 1 is achieved, we will aim for Target 2 which is ₹538.98.
But if JKPAPER falls below the average value of ₹524.03, you can enter a sell side position with target number 1 - ₹515.07 and second target - ₹509.08
JKPAPER's Weekly Targets
| 1st Up Target | 563.48 |
| 2nd Up Target | 605.92 |
| 1st Down Target | 488.78 |
| 2nd Down Target | 456.52 |
As the week for JKPAPER ended on bearish sentiments, we can expect further continuation of this sentiment. JKPAPER's initial target will be 563.48 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 488.78 in the upcoming week.
Weekly OHLC Values
| Open | 546.95 |
| High | 573.65 |
| Low | 498.95 |
| Close | 521.05 |
Week for JKPAPER started with an open price of 546.95, and the close was at 521.05. JKPAPER reached the highest of 573.65 and dipped lowest up to 498.95 last week. This indicates a bearish sentiment for the week.
JKPAPER full month swing targets
| Monthly Up Target 1 | 638.18 |
| Monthly Up Target 2 | 680.62 |
| Monthly Down Target 1 | 414.08 |
| Monthly Down Target 2 | 307.12 |
Targets of ₹638.18 can be expected to be reached in the coming month. Once JKPAPER achieved this target, we can aim for the next upside target of ₹680.62.
JKPAPER if fails to hold upside, down targets of ₹414.08 and ₹307.12 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.
Related Stocks in the Same Sector as JKPAPER
| 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
JKPAPER is expected to reach the target of 530.02 in tomorrow's trading session.
After achieving the initial target in JKPAPER, we will aim for higher targets of 538.98 tomorrow.
However, if JKPAPER starts to trade below ₹524.03, then we will shift our focus to the sell side and aim for down targets of 515.07 and 509.08.