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

Khaitan Chemicals & Fertilizers Limited

Symbol: NSE:KHAICHEM

ISIN: INE745B01028

75.46

As on 2024-07-24

59.30 (52W Low) 96.25 (52W High)

KHAICHEM's Today's Performance

Khaitan Chemicals & Fertilizers Limited started the day by opening at 74.80 today 2024-07-24. Its shares reached a high of 76.50 and dipped to a low of 74.80 in intraday. When the markets closed, KHAICHEM’s stock price settled at ₹75.46 per share. Also check out its key support and resistance levels.

KHAICHEM Buy/Sell Targets

Tomorrow, buy KHAICHEM when its price reaches ₹ 75.46 with a stop-loss order at ₹ 73.40. You can set the target price as ₹ 77.52 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 KHAICHEM 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 KHAICHEM

Downside Targets Value in ₹
Tomorrow Down Target 1 76
Tomorrow Down Target 2 77
Tomorrow Down Target 3 78

Important Levels for KHAICHEM

Holding Levels Value in ₹
Tomorrow Up Target 1 75
Tomorrow Up Target 2 74
Tomorrow Up Target 3 73
Based on where the stock opens tomorrow, if KHAICHEM opens on a positive note, our first target will be ₹76. If Target 1 is achieved, we will aim for Target 2 which is ₹77.

But if KHAICHEM falls below the average value of ₹75.59, you can enter a sell side position with target number 1 - ₹75 and second target - ₹74 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 KHAICHEM

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

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

Tomorrow's Volume based share price Forecast for KHAICHEM

KHAICHEM'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 3%.

Reversal detection for KHAICHEM

Predicted trend chart of KHAICHEM tomorrow for price forecast
KHAICHEM may trend may continue to be bullish since stock is making higher highs and we can get target of ₹75 in morning tomorrow
Target 1 tomorrow76
Target 2 tomorrow77
Target 3 tomorrow77
 

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 KHAICHEM'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 KHAICHEM opens on a positive note, our first target will be ₹76.37. If Target 1 is achieved, we will aim for Target 2 which is ₹77.29.

But if KHAICHEM falls below the average value of ₹75.59, you can enter a sell side position with target number 1 - ₹74.67 and second target - ₹73.89

KHAICHEM's Weekly Targets
1st Up Target 80.06
2nd Up Target 84.66
1st Down Target 71.73
2nd Down Target 68.00

As the week for KHAICHEM ended on bearish sentiments, we can expect further continuation of this sentiment. KHAICHEM's initial target will be 80.06 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 71.73 in the upcoming week.

Weekly OHLC Values
Open 78.37
High 80.93
Low 72.60
Close 75.46

Week for KHAICHEM started with an open price of 78.37, and the close was at 75.46. KHAICHEM reached the highest of 80.93 and dipped lowest up to 72.60 last week. This indicates a bearish sentiment for the week.

KHAICHEM full month swing targets
Monthly Up Target 1 88.39
Monthly Up Target 2 92.99
Monthly Down Target 1 63.40
Monthly Down Target 2 51.34

Targets of ₹88.39 can be expected to be reached in the coming month. Once KHAICHEM achieved this target, we can aim for the next upside target of ₹92.99.

KHAICHEM if fails to hold upside, down targets of ₹63.40 and ₹51.34 can be achieved by end of this month.

For complete three weeks if KHAICHEM 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 KHAICHEM

No related stocks found in the same sector.

Summary

KHAICHEM is expected to reach the target of 76.37 in tomorrow's trading session.

After achieving the initial target in KHAICHEM, we will aim for higher targets of 77.29 tomorrow.

However, if KHAICHEM starts to trade below ₹75.59, then we will shift our focus to the sell side and aim for down targets of 74.67 and 73.89.