Price and trend forecast of KALYANKJIL for Tomorrow, Weekly, Monthly
Kalyan Jewellers India Limited
Symbol: NSE:KALYANKJIL
ISIN: INE303R01014
567.80
As on 2024-07-26
KALYANKJIL's Today's Performance
Kalyan Jewellers India Limited started the day by opening at 578.90 today 2024-07-26. Its shares reached a high of 578.90 and dipped to a low of 565.10 in intraday. When the markets closed, KALYANKJIL’s stock price settled at ₹567.80 per share. Also check out its key support and resistance levels.
KALYANKJIL Buy/Sell Targets
Tomorrow, sell KALYANKJIL when its price reaches ₹ 567.80 with a stop-loss order at ₹ 591.38. You can set the target price as ₹ 544.23 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 | 576 |
| Tomorrow Down Target 2 | 584 |
| Tomorrow Down Target 3 | 590 |
Important Levels for KALYANKJIL
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 562 |
| Tomorrow Up Target 2 | 557 |
| Tomorrow Up Target 3 | 549 |
Based on where the stock opens tomorrow, if KALYANKJIL opens on a positive note, our first target will be ₹576. If Target 1 is achieved, we will aim for Target 2 which is ₹584.
But if KALYANKJIL falls below the average value of ₹570.60, you can enter a sell side position with target number 1 - ₹562 and second target - ₹557 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
KALYANKJIL may trend may continue to be bearish since stock is making lower low and we can get target of ₹583 in morning tomorrow
| Target 1 tomorrow | 576 |
| Target 2 tomorrow | 579 |
| Target 3 tomorrow | 584 |
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 ₹576.10. If Target 1 is achieved, we will aim for Target 2 which is ₹584.40.
But if KALYANKJIL falls below the average value of ₹570.60, you can enter a sell side position with target number 1 - ₹562.30 and second target - ₹556.80
KALYANKJIL's Weekly Targets
| 1st Up Target | 635.08 |
| 2nd Up Target | 702.37 |
| 1st Down Target | 499.03 |
| 2nd Down Target | 430.27 |
As the week for KALYANKJIL ended on bullish sentiments, we can expect further continuation of this sentiment. KALYANKJIL's initial target will be 635.08 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 499.03 in the upcoming week.
Weekly OHLC Values
| Open | 531.40 |
| High | 633.60 |
| Low | 497.55 |
| Close | 567.80 |
Week for KALYANKJIL started with an open price of 531.40, and the close was at 567.80. KALYANKJIL reached the highest of 633.60 and dipped lowest up to 497.55 last week. This indicates a bullish sentiment for the week.
KALYANKJIL full month swing targets
| Monthly Up Target 1 | 771.13 |
| Monthly Up Target 2 | 838.42 |
| Monthly Down Target 1 | 362.98 |
| Monthly Down Target 2 | 158.17 |
Targets of ₹771.13 can be expected to be reached in the coming month. Once KALYANKJIL achieved this target, we can aim for the next upside target of ₹838.42.
KALYANKJIL if fails to hold upside, down targets of ₹362.98 and ₹158.17 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.
Related Stocks in the Same Sector as KALYANKJIL
| Symbol | Name | Industry |
|---|---|---|
| MARUTI | Maruti Suzuki India Limited | Auto Manufacturers |
| TATAMTRDVR | Tata Motors Limited | Auto Manufacturers |
| TATAMOTORS | Tata Motors Limited | Auto Manufacturers |
| TITAN | Titan Company Limited | Luxury Goods |
| BAJAJ-AUTO | Bajaj Auto Limited | Auto Manufacturers |
Summary
KALYANKJIL is expected to reach the target of 576.10 in tomorrow's trading session.
After achieving the initial target in KALYANKJIL, we will aim for higher targets of 584.40 tomorrow.
However, if KALYANKJIL starts to trade below ₹570.60, then we will shift our focus to the sell side and aim for down targets of 562.30 and 556.80.