Price and trend forecast of KIMS for Tomorrow, Weekly, Monthly
Krishna Institute of Medical Sciences Limited
Symbol: NSE:KIMS
ISIN: INE967H01017
548.80
As on 2024-10-11
KIMS's Today's Performance
Krishna Institute of Medical Sciences Limited started the day by opening at 536.40 today 2024-10-11. Its shares reached a high of 559.50 and dipped to a low of 536.40 in intraday. When the markets closed, KIMS’s stock price settled at ₹548.80 per share. Also check out its key support and resistance levels.
KIMS Buy/Sell Targets
Tomorrow, buy KIMS when its price reaches ₹ 548.80 with a stop-loss order at ₹ 539.42. You can set the target price as ₹ 558.18 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 KIMS 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 KIMS
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 560 |
| Tomorrow Down Target 2 | 571 |
| Tomorrow Down Target 3 | 583 |
Important Levels for KIMS
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 537 |
| Tomorrow Up Target 2 | 525 |
| Tomorrow Up Target 3 | 514 |
Based on where the stock opens tomorrow, if KIMS opens on a positive note, our first target will be ₹560. If Target 1 is achieved, we will aim for Target 2 which is ₹571.
But if KIMS falls below the average value of ₹548.23, you can enter a sell side position with target number 1 - ₹537 and second target - ₹525 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 KIMS
Looking at KIMS, 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, KIMS has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for KIMS is moderate bearish.
Tomorrow's Volume based share price Forecast for KIMS
KIMS'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 -8%.
Reversal detection for KIMS
KIMS may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹537 in morning tomorrow
| Target 1 tomorrow | 557 |
| Target 2 tomorrow | 563 |
| Target 3 tomorrow | 571 |
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 KIMS'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 KIMS opens on a positive note, our first target will be ₹560.07. If Target 1 is achieved, we will aim for Target 2 which is ₹571.33.
But if KIMS falls below the average value of ₹548.23, you can enter a sell side position with target number 1 - ₹536.97 and second target - ₹525.13
KIMS's Weekly Targets
| 1st Up Target | 563.17 |
| 2nd Up Target | 577.53 |
| 1st Down Target | 530.77 |
| 2nd Down Target | 512.73 |
As the week for KIMS ended on bearish sentiments, we can expect further continuation of this sentiment. KIMS's initial target will be 563.17 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 530.77 in the upcoming week.
Weekly OHLC Values
| Open | 550.95 |
| High | 559.50 |
| Low | 527.10 |
| Close | 548.80 |
Week for KIMS started with an open price of 550.95, and the close was at 548.80. KIMS reached the highest of 559.50 and dipped lowest up to 527.10 last week. This indicates a bearish sentiment for the week.
KIMS full month swing targets
| Monthly Up Target 1 | 595.57 |
| Monthly Up Target 2 | 609.93 |
| Monthly Down Target 1 | 498.37 |
| Monthly Down Target 2 | 447.93 |
Targets of ₹595.57 can be expected to be reached in the coming month. Once KIMS achieved this target, we can aim for the next upside target of ₹609.93.
KIMS if fails to hold upside, down targets of ₹498.37 and ₹447.93 can be achieved by end of this month.
For complete three weeks if KIMS 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 KIMS
| 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
KIMS is expected to reach the target of 560.07 in tomorrow's trading session.
After achieving the initial target in KIMS, we will aim for higher targets of 571.33 tomorrow.
However, if KIMS starts to trade below ₹548.23, then we will shift our focus to the sell side and aim for down targets of 536.97 and 525.13.