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

KDDL Limited

Symbol: NSE:KDDL

ISIN: INE291D01011

2,682.95

As on 2024-04-12

1,032.00 (52W Low) 3,119.90 (52W High)

KDDL's Today's Performance

KDDL Limited started the day by opening at 2,768.00 today 2024-04-12. Its shares reached a high of 2,841.20 and dipped to a low of 2,670.10 in intraday. When the markets closed, KDDL’s stock price settled at ₹2,682.95 per share. Also check out its key support and resistance levels.

KDDL Buy/Sell Targets

Tomorrow, sell KDDL when its price reaches ₹ 2,682.95 with a stop-loss order at ₹ 2,760.89. You can set the target price as ₹ 2,605.01 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 KDDL 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 KDDL

Resistance Levels Value in ₹
Tomorrow Resistance 1 2,793
Tomorrow Resistance 2 2,903
Tomorrow Resistance 3 2,964

Important Supports for KDDL

Support Levels Value in ₹
Tomorrow Support 1 2,622
Tomorrow Support 2 2,560
Tomorrow Support 3 2,451
Based on where the stock opens tomorrow, if KDDL opens on a positive note, our first target will be ₹2,793. If Target 1 is achieved, we will aim for Target 2 which is ₹2,903.

But if KDDL falls below the average value of ₹2,731.42, you can enter a sell side position with target number 1 - ₹2,622 and second target - ₹2,560 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 KDDL

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

Based on this, the predicted sentiment for KDDL is moderate bullish.

Tomorrow's Volume based share price Forecast for KDDL

KDDL's Volume is currently in a Increasing 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 -67%.

Reversal detection for KDDL

Predicted trend chart of KDDL tomorrow for price forecast
KDDL may trend may continue to be bearish since stock is making lower low and we can get target of ₹2698 in morning tomorrow
Target 1 tomorrow2797
Target 2 tomorrow2837
Target 3 tomorrow2903
 

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 KDDL'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 KDDL opens on a positive note, our first target will be ₹2,792.73. If Target 1 is achieved, we will aim for Target 2 which is ₹2,902.52.

But if KDDL falls below the average value of ₹2,731.42, you can enter a sell side position with target number 1 - ₹2,621.63 and second target - ₹2,560.32

KDDL's Weekly Targets
1st Up Target 2,864.42
2nd Up Target 3,045.88
1st Down Target 2,478.27
2nd Down Target 2,273.58

As the week for KDDL ended on bullish sentiments, we can expect further continuation of this sentiment. KDDL's initial target will be 2,864.42 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 2,478.27 in the upcoming week.

Weekly OHLC Values
Open 2,499.80
High 2,841.20
Low 2,455.05
Close 2,682.95

Week for KDDL started with an open price of 2,499.80, and the close was at 2,682.95. KDDL reached the highest of 2,841.20 and dipped lowest up to 2,455.05 last week. This indicates a bullish sentiment for the week.

KDDL full month swing targets
Monthly Up Target 1 3,250.57
Monthly Up Target 2 3,432.03
Monthly Down Target 1 2,092.12
Monthly Down Target 2 1,501.28

Targets of ₹3,250.57 can be expected to be reached in the coming month. Once KDDL achieved this target, we can aim for the next upside target of ₹3,432.03.

KDDL if fails to hold upside, down targets of ₹2,092.12 and ₹1,501.28 can be achieved by end of this month.

For complete three weeks if KDDL 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 KDDL

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TITAN Titan Company Limited Luxury Goods
BAJAJ-AUTO Bajaj Auto Limited Auto Manufacturers

Summary

KDDL is expected to reach the target of 2,792.73 in tomorrow's trading session.

After achieving the initial target in KDDL, we will aim for higher targets of 2,902.52 tomorrow.

However, if KDDL starts to trade below ₹2,731.42, then we will shift our focus to the sell side and aim for down targets of 2,621.63 and 2,560.32.