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

Kamdhenu Ventures Limited

Symbol: NSE:KAMOPAINTS

ISIN: INE0BTI01029

170.25

As on 2024-04-19

135.00 (52W Low) 364.20 (52W High)

KAMOPAINTS's Today's Performance

Kamdhenu Ventures Limited started the day by opening at 166.10 today 2024-04-19. Its shares reached a high of 174.60 and dipped to a low of 166.10 in intraday. When the markets closed, KAMOPAINTS’s stock price settled at ₹170.25 per share. Also check out its key support and resistance levels.

KAMOPAINTS Buy/Sell Targets

Tomorrow, sell KAMOPAINTS when its price reaches ₹ 170.25 with a stop-loss order at ₹ 173.67. You can set the target price as ₹ 166.83 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 KAMOPAINTS 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 KAMOPAINTS

Downside Targets Value in ₹
Tomorrow Down Target 1 175
Tomorrow Down Target 2 179
Tomorrow Down Target 3 183

Important Levels for KAMOPAINTS

Holding Levels Value in ₹
Tomorrow Up Target 1 166
Tomorrow Up Target 2 162
Tomorrow Up Target 3 158
Based on where the stock opens tomorrow, if KAMOPAINTS opens on a positive note, our first target will be ₹175. If Target 1 is achieved, we will aim for Target 2 which is ₹179.

But if KAMOPAINTS falls below the average value of ₹170.32, you can enter a sell side position with target number 1 - ₹166 and second target - ₹162 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 KAMOPAINTS

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

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

Tomorrow's Volume based share price Forecast for KAMOPAINTS

KAMOPAINTS'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 16%.

Reversal detection for KAMOPAINTS

Predicted trend chart of KAMOPAINTS tomorrow for price forecast
KAMOPAINTS may trend may continue to be bearish since stock is making lower low and we can get target of ₹173 in morning tomorrow
Target 1 tomorrow174
Target 2 tomorrow176
Target 3 tomorrow179
 

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 KAMOPAINTS'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 KAMOPAINTS opens on a positive note, our first target will be ₹174.53. If Target 1 is achieved, we will aim for Target 2 which is ₹178.82.

But if KAMOPAINTS falls below the average value of ₹170.32, you can enter a sell side position with target number 1 - ₹166.03 and second target - ₹161.82

KAMOPAINTS's Weekly Targets
1st Up Target 177.47
2nd Up Target 184.68
1st Down Target 164.57
2nd Down Target 158.88

As the week for KAMOPAINTS ended on bearish sentiments, we can expect further continuation of this sentiment. KAMOPAINTS's initial target will be 177.47 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 164.57 in the upcoming week.

Weekly OHLC Values
Open 177.95
High 179.00
Low 166.10
Close 170.25

Week for KAMOPAINTS started with an open price of 177.95, and the close was at 170.25. KAMOPAINTS reached the highest of 179.00 and dipped lowest up to 166.10 last week. This indicates a bearish sentiment for the week.

KAMOPAINTS full month swing targets
Monthly Up Target 1 190.37
Monthly Up Target 2 197.58
Monthly Down Target 1 151.67
Monthly Down Target 2 133.08

Targets of ₹190.37 can be expected to be reached in the coming month. Once KAMOPAINTS achieved this target, we can aim for the next upside target of ₹197.58.

KAMOPAINTS if fails to hold upside, down targets of ₹151.67 and ₹133.08 can be achieved by end of this month.

For complete three weeks if KAMOPAINTS 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

KAMOPAINTS is expected to reach the target of 174.53 in tomorrow's trading session.

After achieving the initial target in KAMOPAINTS, we will aim for higher targets of 178.82 tomorrow.

However, if KAMOPAINTS starts to trade below ₹170.32, then we will shift our focus to the sell side and aim for down targets of 166.03 and 161.82.