Price and trend forecast of KERNEX for Tomorrow, Weekly, Monthly
Kernex Microsystems (India) Limited
Symbol: NSE:KERNEX
ISIN: INE202H01019
726.20
As on 2024-10-09
KERNEX's Today's Performance
Kernex Microsystems (India) Limited started the day by opening at 709.95 today 2024-10-09. Its shares reached a high of 733.30 and dipped to a low of 700.85 in intraday. When the markets closed, KERNEX’s stock price settled at ₹726.20 per share. Also check out its key support and resistance levels.
KERNEX Buy/Sell Targets
Tomorrow, buy KERNEX when its price reaches ₹ 726.20 with a stop-loss order at ₹ 706.86. You can set the target price as ₹ 745.54 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 KERNEX 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 KERNEX
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 739 |
| Tomorrow Down Target 2 | 753 |
| Tomorrow Down Target 3 | 772 |
Important Levels for KERNEX
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 707 |
| Tomorrow Up Target 2 | 688 |
| Tomorrow Up Target 3 | 674 |
Based on where the stock opens tomorrow, if KERNEX opens on a positive note, our first target will be ₹739. If Target 1 is achieved, we will aim for Target 2 which is ₹753.
But if KERNEX falls below the average value of ₹720.12, you can enter a sell side position with target number 1 - ₹707 and second target - ₹688 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 KERNEX
Looking at KERNEX, 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, KERNEX has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for KERNEX is moderate bearish.
Tomorrow's Volume based share price Forecast for KERNEX
KERNEX's Volume is currently in a Increasing 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 KERNEX
KERNEX may trend may continue to be bullish since stock is making higher highs and we can get target of ₹701 in morning tomorrow
| Target 1 tomorrow | 733 |
| Target 2 tomorrow | 740 |
| Target 3 tomorrow | 753 |
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 KERNEX'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 KERNEX opens on a positive note, our first target will be ₹739.38. If Target 1 is achieved, we will aim for Target 2 which is ₹752.57.
But if KERNEX falls below the average value of ₹720.12, you can enter a sell side position with target number 1 - ₹706.93 and second target - ₹687.67
KERNEX's Weekly Targets
| 1st Up Target | 754.83 |
| 2nd Up Target | 783.47 |
| 1st Down Target | 690.33 |
| 2nd Down Target | 654.47 |
As the week for KERNEX ended on bearish sentiments, we can expect further continuation of this sentiment. KERNEX's initial target will be 754.83 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 690.33 in the upcoming week.
Weekly OHLC Values
| Open | 740.00 |
| High | 747.60 |
| Low | 683.10 |
| Close | 726.20 |
Week for KERNEX started with an open price of 740.00, and the close was at 726.20. KERNEX reached the highest of 747.60 and dipped lowest up to 683.10 last week. This indicates a bearish sentiment for the week.
KERNEX full month swing targets
| Monthly Up Target 1 | 819.33 |
| Monthly Up Target 2 | 847.97 |
| Monthly Down Target 1 | 625.83 |
| Monthly Down Target 2 | 525.47 |
Targets of ₹819.33 can be expected to be reached in the coming month. Once KERNEX achieved this target, we can aim for the next upside target of ₹847.97.
KERNEX if fails to hold upside, down targets of ₹625.83 and ₹525.47 can be achieved by end of this month.
For complete three weeks if KERNEX 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 KERNEX
| Symbol | Name | Industry |
|---|---|---|
| TCS | Tata Consultancy Services Limited | Information Technology Services |
| INFY | Infosys Limited | Information Technology Services |
| CYIENTDLM | Cyient DLM Limited | Electronic Components |
| HCLTECH | HCL Technologies Limited | Information Technology Services |
| IDEAFORGE | ideaForge Technology Limited | Computer Hardware |
Summary
KERNEX is expected to reach the target of 739.38 in tomorrow's trading session.
After achieving the initial target in KERNEX, we will aim for higher targets of 752.57 tomorrow.
However, if KERNEX starts to trade below ₹720.12, then we will shift our focus to the sell side and aim for down targets of 706.93 and 687.67.