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

Karur Vysya Bank Limited

Symbol: NSE:KARURVYSYA

ISIN: INE036D01028

189.70

As on 2024-04-19

93.00 (52W Low) 204.90 (52W High)

KARURVYSYA's Today's Performance

Karur Vysya Bank Limited started the day by opening at 188.55 today 2024-04-19. Its shares reached a high of 191.00 and dipped to a low of 185.10 in intraday. When the markets closed, KARURVYSYA’s stock price settled at ₹189.70 per share. Also check out its key support and resistance levels.

KARURVYSYA Buy/Sell Targets

Tomorrow, buy KARURVYSYA when its price reaches ₹ 189.70 with a stop-loss order at ₹ 187.05. You can set the target price as ₹ 192.35 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 KARURVYSYA 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 KARURVYSYA

Downside Targets Value in ₹
Tomorrow Down Target 1 192
Tomorrow Down Target 2 195
Tomorrow Down Target 3 198

Important Levels for KARURVYSYA

Holding Levels Value in ₹
Tomorrow Up Target 1 186
Tomorrow Up Target 2 183
Tomorrow Up Target 3 180
Based on where the stock opens tomorrow, if KARURVYSYA opens on a positive note, our first target will be ₹192. If Target 1 is achieved, we will aim for Target 2 which is ₹195.

But if KARURVYSYA falls below the average value of ₹188.60, you can enter a sell side position with target number 1 - ₹186 and second target - ₹183 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 KARURVYSYA

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

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

Tomorrow's Volume based share price Forecast for KARURVYSYA

KARURVYSYA'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 29%.

Reversal detection for KARURVYSYA

Predicted trend chart of KARURVYSYA tomorrow for price forecast
KARURVYSYA may trend may continue to be bullish since stock is making higher highs and we can get target of ₹190 in morning tomorrow
Target 1 tomorrow191
Target 2 tomorrow192
Target 3 tomorrow195
 

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 KARURVYSYA'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 KARURVYSYA opens on a positive note, our first target will be ₹192.10. If Target 1 is achieved, we will aim for Target 2 which is ₹194.50.

But if KARURVYSYA falls below the average value of ₹188.60, you can enter a sell side position with target number 1 - ₹186.20 and second target - ₹182.70

KARURVYSYA's Weekly Targets
1st Up Target 193.93
2nd Up Target 198.17
1st Down Target 185.28
2nd Down Target 180.87

As the week for KARURVYSYA ended on bullish sentiments, we can expect further continuation of this sentiment. KARURVYSYA's initial target will be 193.93 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 185.28 in the upcoming week.

Weekly OHLC Values
Open 188.00
High 193.75
Low 185.10
Close 189.70

Week for KARURVYSYA started with an open price of 188.00, and the close was at 189.70. KARURVYSYA reached the highest of 193.75 and dipped lowest up to 185.10 last week. This indicates a bullish sentiment for the week.

KARURVYSYA full month swing targets
Monthly Up Target 1 202.58
Monthly Up Target 2 206.82
Monthly Down Target 1 176.63
Monthly Down Target 2 163.57

Targets of ₹202.58 can be expected to be reached in the coming month. Once KARURVYSYA achieved this target, we can aim for the next upside target of ₹206.82.

KARURVYSYA if fails to hold upside, down targets of ₹176.63 and ₹163.57 can be achieved by end of this month.

For complete three weeks if KARURVYSYA 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 KARURVYSYA

Symbol Name Industry
HDFCBANK HDFC Bank Limited Banks - Regional
ICICIBANK ICICI Bank Limited Banks - Regional
SBIN State Bank of India Banks - Regional
LICI Life Insurance Corporation Of India Insurance - Life
BAJFINANCE Bajaj Finance Limited Credit Services

Summary

KARURVYSYA is expected to reach the target of 192.10 in tomorrow's trading session.

After achieving the initial target in KARURVYSYA, we will aim for higher targets of 194.50 tomorrow.

However, if KARURVYSYA starts to trade below ₹188.60, then we will shift our focus to the sell side and aim for down targets of 186.20 and 182.70.