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

Kabra Extrusion Technik Limited

Symbol: NSE:KABRAEXTRU

ISIN: INE900B01029

383.30

As on 2024-07-19

290.65 (52W Low) 513.80 (52W High)

KABRAEXTRU's Today's Performance

Kabra Extrusion Technik Limited started the day by opening at 440.15 today 2024-07-19. Its shares reached a high of 446.70 and dipped to a low of 375.45 in intraday. When the markets closed, KABRAEXTRU’s stock price settled at ₹383.30 per share. Also check out its key support and resistance levels.

KABRAEXTRU Buy/Sell Targets

Tomorrow, sell KABRAEXTRU when its price reaches ₹ 383.30 with a stop-loss order at ₹ 404.78. You can set the target price as ₹ 361.83 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 KABRAEXTRU 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 KABRAEXTRU

Downside Targets Value in ₹
Tomorrow Down Target 1 428
Tomorrow Down Target 2 473
Tomorrow Down Target 3 499

Important Levels for KABRAEXTRU

Holding Levels Value in ₹
Tomorrow Up Target 1 357
Tomorrow Up Target 2 331
Tomorrow Up Target 3 286
Based on where the stock opens tomorrow, if KABRAEXTRU opens on a positive note, our first target will be ₹428. If Target 1 is achieved, we will aim for Target 2 which is ₹473.

But if KABRAEXTRU falls below the average value of ₹401.82, you can enter a sell side position with target number 1 - ₹357 and second target - ₹331 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 KABRAEXTRU

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

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

Tomorrow's Volume based share price Forecast for KABRAEXTRU

KABRAEXTRU's Volume is currently in a Increasing 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 -84%.

Reversal detection for KABRAEXTRU

Predicted trend chart of KABRAEXTRU tomorrow for price forecast
KABRAEXTRU may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹443 in morning tomorrow
Target 1 tomorrow429
Target 2 tomorrow446
Target 3 tomorrow473
 

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 KABRAEXTRU'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 KABRAEXTRU opens on a positive note, our first target will be ₹428.18. If Target 1 is achieved, we will aim for Target 2 which is ₹473.07.

But if KABRAEXTRU falls below the average value of ₹401.82, you can enter a sell side position with target number 1 - ₹356.93 and second target - ₹330.57

KABRAEXTRU's Weekly Targets
1st Up Target 440.05
2nd Up Target 496.80
1st Down Target 351.00
2nd Down Target 318.70

As the week for KABRAEXTRU ended on bearish sentiments, we can expect further continuation of this sentiment. KABRAEXTRU's initial target will be 440.05 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 351.00 in the upcoming week.

Weekly OHLC Values
Open 431.00
High 464.50
Low 375.45
Close 383.30

Week for KABRAEXTRU started with an open price of 431.00, and the close was at 383.30. KABRAEXTRU reached the highest of 464.50 and dipped lowest up to 375.45 last week. This indicates a bearish sentiment for the week.

KABRAEXTRU full month swing targets
Monthly Up Target 1 529.10
Monthly Up Target 2 585.85
Monthly Down Target 1 261.95
Monthly Down Target 2 140.60

Targets of ₹529.10 can be expected to be reached in the coming month. Once KABRAEXTRU achieved this target, we can aim for the next upside target of ₹585.85.

KABRAEXTRU if fails to hold upside, down targets of ₹261.95 and ₹140.60 can be achieved by end of this month.

For complete three weeks if KABRAEXTRU 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

KABRAEXTRU is expected to reach the target of 428.18 in tomorrow's trading session.

After achieving the initial target in KABRAEXTRU, we will aim for higher targets of 473.07 tomorrow.

However, if KABRAEXTRU starts to trade below ₹401.82, then we will shift our focus to the sell side and aim for down targets of 356.93 and 330.57.