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

KCP Limited

Symbol: NSE:KCP

ISIN: INE805C01028

174.05

As on 2024-04-16

99.30 (52W Low) 234.00 (52W High)

KCP's Today's Performance

KCP Limited started the day by opening at 172.00 today 2024-04-16. Its shares reached a high of 175.55 and dipped to a low of 171.25 in intraday. When the markets closed, KCP’s stock price settled at ₹174.05 per share. Also check out its key support and resistance levels.

KCP Buy/Sell Targets

Tomorrow, buy KCP when its price reaches ₹ 174.05 with a stop-loss order at ₹ 170.28. You can set the target price as ₹ 177.82 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 KCP 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 KCP

Resistance Levels Value in ₹
Tomorrow Resistance 1 176
Tomorrow Resistance 2 178
Tomorrow Resistance 3 180

Important Supports for KCP

Support Levels Value in ₹
Tomorrow Support 1 172
Tomorrow Support 2 169
Tomorrow Support 3 167
Based on where the stock opens tomorrow, if KCP opens on a positive note, our first target will be ₹176. If Target 1 is achieved, we will aim for Target 2 which is ₹178.

But if KCP falls below the average value of ₹173.62, you can enter a sell side position with target number 1 - ₹172 and second target - ₹169 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 KCP

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

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

Tomorrow's Volume based share price Forecast for KCP

KCP'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 21%.

Reversal detection for KCP

Predicted trend chart of KCP tomorrow for price forecast
KCP may trend may continue to be bullish since stock is making higher highs and we can get target of ₹173 in morning tomorrow
Target 1 tomorrow175
Target 2 tomorrow176
Target 3 tomorrow178
 

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 KCP'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 KCP opens on a positive note, our first target will be ₹175.98. If Target 1 is achieved, we will aim for Target 2 which is ₹177.92.

But if KCP falls below the average value of ₹173.62, you can enter a sell side position with target number 1 - ₹171.68 and second target - ₹169.32

KCP's Weekly Targets
1st Up Target 178.00
2nd Up Target 181.95
1st Down Target 169.55
2nd Down Target 165.05

As the week for KCP ended on bullish sentiments, we can expect further continuation of this sentiment. KCP's initial target will be 178.00 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 169.55 in the upcoming week.

Weekly OHLC Values
Open 173.00
High 177.45
Low 169.00
Close 174.05

Week for KCP started with an open price of 173.00, and the close was at 174.05. KCP reached the highest of 177.45 and dipped lowest up to 169.00 last week. This indicates a bullish sentiment for the week.

KCP full month swing targets
Monthly Up Target 1 186.45
Monthly Up Target 2 190.40
Monthly Down Target 1 161.10
Monthly Down Target 2 148.15

Targets of ₹186.45 can be expected to be reached in the coming month. Once KCP achieved this target, we can aim for the next upside target of ₹190.40.

KCP if fails to hold upside, down targets of ₹161.10 and ₹148.15 can be achieved by end of this month.

For complete three weeks if KCP 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

KCP is expected to reach the target of 175.98 in tomorrow's trading session.

After achieving the initial target in KCP, we will aim for higher targets of 177.92 tomorrow.

However, if KCP starts to trade below ₹173.62, then we will shift our focus to the sell side and aim for down targets of 171.68 and 169.32.