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

Kernex Microsystems (India) Limited

Symbol: NSE:KERNEX

ISIN: INE202H01019

463.95

As on 2024-07-12

303.00 (52W Low) 721.00 (52W High)

KERNEX's Today's Performance

Kernex Microsystems (India) Limited started the day by opening at 464.00 today 2024-07-12. Its shares reached a high of 464.00 and dipped to a low of 443.30 in intraday. When the markets closed, KERNEX’s stock price settled at ₹463.95 per share. Also check out its key support and resistance levels.

KERNEX Buy/Sell Targets

Tomorrow, buy KERNEX when its price reaches ₹ 463.95 with a stop-loss order at ₹ 452.84. You can set the target price as ₹ 475.06 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 1 471
Tomorrow Down Target 2 478
Tomorrow Down Target 3 492

Important Levels for KERNEX

Holding Levels Value in ₹
Tomorrow Up Target 1 450
Tomorrow Up Target 2 436
Tomorrow Up Target 3 429
Based on where the stock opens tomorrow, if KERNEX opens on a positive note, our first target will be ₹471. If Target 1 is achieved, we will aim for Target 2 which is ₹478.

But if KERNEX falls below the average value of ₹457.08, you can enter a sell side position with target number 1 - ₹450 and second target - ₹436 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 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, KERNEX has been on a Upward path, giving us insights how its value changes in the market.

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

Tomorrow's Volume based share price Forecast for KERNEX

KERNEX's Volume is currently in a Decreasing 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 -21%.

Reversal detection for KERNEX

Predicted trend chart of KERNEX tomorrow for price forecast
KERNEX may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹438 in morning tomorrow
Target 1 tomorrow465
Target 2 tomorrow470
Target 3 tomorrow478
 

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 ₹470.87. If Target 1 is achieved, we will aim for Target 2 which is ₹477.78.

But if KERNEX falls below the average value of ₹457.08, you can enter a sell side position with target number 1 - ₹450.17 and second target - ₹436.38

KERNEX's Weekly Targets
1st Up Target 484.43
2nd Up Target 504.92
1st Down Target 423.03
2nd Down Target 382.12

As the week for KERNEX ended on bullish sentiments, we can expect further continuation of this sentiment. KERNEX's initial target will be 484.43 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 423.03 in the upcoming week.

Weekly OHLC Values
Open 438.80
High 464.00
Low 402.60
Close 463.95

Week for KERNEX started with an open price of 438.80, and the close was at 463.95. KERNEX reached the highest of 464.00 and dipped lowest up to 402.60 last week. This indicates a bullish sentiment for the week.

KERNEX full month swing targets
Monthly Up Target 1 545.83
Monthly Up Target 2 566.32
Monthly Down Target 1 361.63
Monthly Down Target 2 259.32

Targets of ₹545.83 can be expected to be reached in the coming month. Once KERNEX achieved this target, we can aim for the next upside target of ₹566.32.

KERNEX if fails to hold upside, down targets of ₹361.63 and ₹259.32 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

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HCLTECH HCL Technologies Limited Information Technology Services
IDEAFORGE ideaForge Technology Limited Computer Hardware

Summary

KERNEX is expected to reach the target of 470.87 in tomorrow's trading session.

After achieving the initial target in KERNEX, we will aim for higher targets of 477.78 tomorrow.

However, if KERNEX starts to trade below ₹457.08, then we will shift our focus to the sell side and aim for down targets of 450.17 and 436.38.