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

Kilitch Drugs (India) Limited

Symbol: NSE:KILITCH

ISIN: INE729D01010

356.00

As on 2024-04-12

157.20 (52W Low) 470.00 (52W High)

KILITCH's Today's Performance

Kilitch Drugs (India) Limited started the day by opening at 369.10 today 2024-04-12. Its shares reached a high of 369.20 and dipped to a low of 353.00 in intraday. When the markets closed, KILITCH’s stock price settled at ₹356.00 per share. Also check out its key support and resistance levels.

KILITCH Buy/Sell Targets

Tomorrow, sell KILITCH when its price reaches ₹ 356.00 with a stop-loss order at ₹ 364.74. You can set the target price as ₹ 347.26 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 KILITCH 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 KILITCH

Resistance Levels Value in ₹
Tomorrow Resistance 1 366
Tomorrow Resistance 2 376
Tomorrow Resistance 3 382

Important Supports for KILITCH

Support Levels Value in ₹
Tomorrow Support 1 350
Tomorrow Support 2 343
Tomorrow Support 3 333
Based on where the stock opens tomorrow, if KILITCH opens on a positive note, our first target will be ₹366. If Target 1 is achieved, we will aim for Target 2 which is ₹376.

But if KILITCH falls below the average value of ₹359.40, you can enter a sell side position with target number 1 - ₹350 and second target - ₹343 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 KILITCH

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

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

Tomorrow's Volume based share price Forecast for KILITCH

KILITCH'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 -12%.

Reversal detection for KILITCH

Predicted trend chart of KILITCH tomorrow for price forecast
KILITCH may trend may continue to be bearish since stock is making lower low and we can get target of ₹368 in morning tomorrow
Target 1 tomorrow366
Target 2 tomorrow369
Target 3 tomorrow376
 

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 KILITCH'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 KILITCH opens on a positive note, our first target will be ₹365.80. If Target 1 is achieved, we will aim for Target 2 which is ₹375.60.

But if KILITCH falls below the average value of ₹359.40, you can enter a sell side position with target number 1 - ₹349.60 and second target - ₹343.20

KILITCH's Weekly Targets
1st Up Target 377.67
2nd Up Target 399.33
1st Down Target 343.67
2nd Down Target 331.33

As the week for KILITCH ended on bearish sentiments, we can expect further continuation of this sentiment. KILITCH's initial target will be 377.67 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 343.67 in the upcoming week.

Weekly OHLC Values
Open 380.70
High 387.00
Low 353.00
Close 356.00

Week for KILITCH started with an open price of 380.70, and the close was at 356.00. KILITCH reached the highest of 387.00 and dipped lowest up to 353.00 last week. This indicates a bearish sentiment for the week.

KILITCH full month swing targets
Monthly Up Target 1 411.67
Monthly Up Target 2 433.33
Monthly Down Target 1 309.67
Monthly Down Target 2 263.33

Targets of ₹411.67 can be expected to be reached in the coming month. Once KILITCH achieved this target, we can aim for the next upside target of ₹433.33.

KILITCH if fails to hold upside, down targets of ₹309.67 and ₹263.33 can be achieved by end of this month.

For complete three weeks if KILITCH 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 KILITCH

Symbol Name Industry
SUNPHARMA Sun Pharmaceutical Industries Limited Drug Manufacturers - Specialty & Generic
CIPLA Cipla Limited Drug Manufacturers - General
DRREDDY Dr. Reddy's Laboratories Limited Drug Manufacturers - Specialty & Generic
ZYDUSLIFE Zydus Lifesciences Limited Drug Manufacturers - Specialty & Generic
APOLLOHOSP Apollo Hospitals Enterprise Limited Medical Care Facilities

Summary

KILITCH is expected to reach the target of 365.80 in tomorrow's trading session.

After achieving the initial target in KILITCH, we will aim for higher targets of 375.60 tomorrow.

However, if KILITCH starts to trade below ₹359.40, then we will shift our focus to the sell side and aim for down targets of 349.60 and 343.20.