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

Kansai Nerolac Paints Limited

Symbol: NSE:KANSAINER

ISIN: INE531A01024

280.40

As on 2024-04-12

249.10 (52W Low) 357.30 (52W High)

KANSAINER's Today's Performance

Kansai Nerolac Paints Limited started the day by opening at 282.50 today 2024-04-12. Its shares reached a high of 284.95 and dipped to a low of 279.10 in intraday. When the markets closed, KANSAINER’s stock price settled at ₹280.40 per share. Also check out its key support and resistance levels.

KANSAINER Buy/Sell Targets

Tomorrow, buy KANSAINER when its price reaches ₹ 280.40 with a stop-loss order at ₹ 277.93. You can set the target price as ₹ 282.88 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 KANSAINER for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for KANSAINER

Resistance Levels Value in ₹
Tomorrow Resistance 1 284
Tomorrow Resistance 2 287
Tomorrow Resistance 3 290

Important Supports for KANSAINER

Support Levels Value in ₹
Tomorrow Support 1 278
Tomorrow Support 2 276
Tomorrow Support 3 272
Based on where the stock opens tomorrow, if KANSAINER opens on a positive note, our first target will be ₹284. If Target 1 is achieved, we will aim for Target 2 which is ₹287.

But if KANSAINER falls below the average value of ₹281.48, you can enter a sell side position with target number 1 - ₹278 and second target - ₹276 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 KANSAINER

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

Based on this, the predicted sentiment for KANSAINER is strong bullish.

Tomorrow's Volume based share price Forecast for KANSAINER

KANSAINER's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a strong bullish trend. Volume trend strength over the last month compared to the last week is 122%.

Reversal detection for KANSAINER

Predicted trend chart of KANSAINER tomorrow for price forecast
KANSAINER may trend may continue to be bullish since stock is making higher highs and we can get target of ₹280 in morning tomorrow
Target 1 tomorrow284
Target 2 tomorrow285
Target 3 tomorrow287
 

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 KANSAINER'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 KANSAINER opens on a positive note, our first target will be ₹283.87. If Target 1 is achieved, we will aim for Target 2 which is ₹287.33.

But if KANSAINER falls below the average value of ₹281.48, you can enter a sell side position with target number 1 - ₹278.02 and second target - ₹275.63

KANSAINER's Weekly Targets
1st Up Target 285.60
2nd Up Target 290.80
1st Down Target 276.60
2nd Down Target 272.80

As the week for KANSAINER ended on bearish sentiments, we can expect further continuation of this sentiment. KANSAINER's initial target will be 285.60 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 276.60 in the upcoming week.

Weekly OHLC Values
Open 285.30
High 287.00
Low 278.00
Close 280.40

Week for KANSAINER started with an open price of 285.30, and the close was at 280.40. KANSAINER reached the highest of 287.00 and dipped lowest up to 278.00 last week. This indicates a bearish sentiment for the week.

KANSAINER full month swing targets
Monthly Up Target 1 294.60
Monthly Up Target 2 299.80
Monthly Down Target 1 267.60
Monthly Down Target 2 254.80

Targets of ₹294.60 can be expected to be reached in the coming month. Once KANSAINER achieved this target, we can aim for the next upside target of ₹299.80.

KANSAINER if fails to hold upside, down targets of ₹267.60 and ₹254.80 can be achieved by end of this month.

For complete three weeks if KANSAINER 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 KANSAINER

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GRASIM Grasim Industries Limited Building Materials

Summary

KANSAINER is expected to reach the target of 283.87 in tomorrow's trading session.

After achieving the initial target in KANSAINER, we will aim for higher targets of 287.33 tomorrow.

However, if KANSAINER starts to trade below ₹281.48, then we will shift our focus to the sell side and aim for down targets of 278.02 and 275.63.