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

Kalyan Jewellers India Limited

Symbol: NSE:KALYANKJIL

ISIN: INE303R01014

398.40

As on 2024-06-13

109.45 (52W Low) 449.70 (52W High)

KALYANKJIL's Today's Performance

Kalyan Jewellers India Limited started the day by opening at 406.00 today 2024-06-13. Its shares reached a high of 408.50 and dipped to a low of 398.00 in intraday. When the markets closed, KALYANKJIL’s stock price settled at ₹398.40 per share. Also check out its key support and resistance levels.

KALYANKJIL Buy/Sell Targets

Tomorrow, sell KALYANKJIL when its price reaches ₹ 398.40 with a stop-loss order at ₹ 403.13. You can set the target price as ₹ 393.67 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 KALYANKJIL 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 KALYANKJIL

Downside Targets Value in ₹
Tomorrow Down Target 1 405
Tomorrow Down Target 2 412
Tomorrow Down Target 3 416

Important Levels for KALYANKJIL

Holding Levels Value in ₹
Tomorrow Up Target 1 395
Tomorrow Up Target 2 391
Tomorrow Up Target 3 384
Based on where the stock opens tomorrow, if KALYANKJIL opens on a positive note, our first target will be ₹405. If Target 1 is achieved, we will aim for Target 2 which is ₹412.

But if KALYANKJIL falls below the average value of ₹401.63, you can enter a sell side position with target number 1 - ₹395 and second target - ₹391 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 KALYANKJIL

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

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

Tomorrow's Volume based share price Forecast for KALYANKJIL

KALYANKJIL'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 22%.

Reversal detection for KALYANKJIL

Predicted trend chart of KALYANKJIL tomorrow for price forecast
KALYANKJIL may trend may continue to be bearish since stock is making lower low and we can get target of ₹407 in morning tomorrow
Target 1 tomorrow406
Target 2 tomorrow408
Target 3 tomorrow412
 

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 KALYANKJIL'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 KALYANKJIL opens on a positive note, our first target will be ₹405.27. If Target 1 is achieved, we will aim for Target 2 which is ₹412.13.

But if KALYANKJIL falls below the average value of ₹401.63, you can enter a sell side position with target number 1 - ₹394.77 and second target - ₹391.13

KALYANKJIL's Weekly Targets
1st Up Target 410.27
2nd Up Target 422.13
1st Down Target 392.27
2nd Down Target 386.13

As the week for KALYANKJIL ended on bearish sentiments, we can expect further continuation of this sentiment. KALYANKJIL's initial target will be 410.27 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 392.27 in the upcoming week.

Weekly OHLC Values
Open 410.00
High 416.00
Low 398.00
Close 398.40

Week for KALYANKJIL started with an open price of 410.00, and the close was at 398.40. KALYANKJIL reached the highest of 416.00 and dipped lowest up to 398.00 last week. This indicates a bearish sentiment for the week.

KALYANKJIL full month swing targets
Monthly Up Target 1 428.27
Monthly Up Target 2 440.13
Monthly Down Target 1 374.27
Monthly Down Target 2 350.13

Targets of ₹428.27 can be expected to be reached in the coming month. Once KALYANKJIL achieved this target, we can aim for the next upside target of ₹440.13.

KALYANKJIL if fails to hold upside, down targets of ₹374.27 and ₹350.13 can be achieved by end of this month.

For complete three weeks if KALYANKJIL 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

KALYANKJIL is expected to reach the target of 405.27 in tomorrow's trading session.

After achieving the initial target in KALYANKJIL, we will aim for higher targets of 412.13 tomorrow.

However, if KALYANKJIL starts to trade below ₹401.63, then we will shift our focus to the sell side and aim for down targets of 394.77 and 391.13.