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

Kingfa Science & Technology (India) Limited

Symbol: NSE:KINGFA

ISIN: INE473D01015

1,797.60

As on 2024-04-12

1,446.05 (52W Low) 2,595.00 (52W High)

KINGFA's Today's Performance

Kingfa Science & Technology (India) Limited started the day by opening at 1,822.00 today 2024-04-12. Its shares reached a high of 1,849.95 and dipped to a low of 1,782.65 in intraday. When the markets closed, KINGFA’s stock price settled at ₹1,797.60 per share. Also check out its key support and resistance levels.

KINGFA Buy/Sell Targets

Tomorrow, sell KINGFA when its price reaches ₹ 1,797.60 with a stop-loss order at ₹ 1,825.45. You can set the target price as ₹ 1,769.75 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 KINGFA 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 KINGFA

Resistance Levels Value in ₹
Tomorrow Resistance 1 1,837
Tomorrow Resistance 2 1,877
Tomorrow Resistance 3 1,905

Important Supports for KINGFA

Support Levels Value in ₹
Tomorrow Support 1 1,770
Tomorrow Support 2 1,743
Tomorrow Support 3 1,703
Based on where the stock opens tomorrow, if KINGFA opens on a positive note, our first target will be ₹1,837. If Target 1 is achieved, we will aim for Target 2 which is ₹1,877.

But if KINGFA falls below the average value of ₹1,810.07, you can enter a sell side position with target number 1 - ₹1,770 and second target - ₹1,743 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 KINGFA

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

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

Tomorrow's Volume based share price Forecast for KINGFA

KINGFA'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 -62%.

Reversal detection for KINGFA

Predicted trend chart of KINGFA tomorrow for price forecast
KINGFA may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹1845 in morning tomorrow
Target 1 tomorrow1836
Target 2 tomorrow1852
Target 3 tomorrow1877
 

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 KINGFA'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 KINGFA opens on a positive note, our first target will be ₹1,837.48. If Target 1 is achieved, we will aim for Target 2 which is ₹1,877.37.

But if KINGFA falls below the average value of ₹1,810.07, you can enter a sell side position with target number 1 - ₹1,770.18 and second target - ₹1,742.77

KINGFA's Weekly Targets
1st Up Target 1,897.52
2nd Up Target 1,997.43
1st Down Target 1,740.17
2nd Down Target 1,682.73

As the week for KINGFA ended on bearish sentiments, we can expect further continuation of this sentiment. KINGFA's initial target will be 1,897.52 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 1,740.17 in the upcoming week.

Weekly OHLC Values
Open 1,905.35
High 1,940.00
Low 1,782.65
Close 1,797.60

Week for KINGFA started with an open price of 1,905.35, and the close was at 1,797.60. KINGFA reached the highest of 1,940.00 and dipped lowest up to 1,782.65 last week. This indicates a bearish sentiment for the week.

KINGFA full month swing targets
Monthly Up Target 1 2,054.87
Monthly Up Target 2 2,154.78
Monthly Down Target 1 1,582.82
Monthly Down Target 2 1,368.03

Targets of ₹2,054.87 can be expected to be reached in the coming month. Once KINGFA achieved this target, we can aim for the next upside target of ₹2,154.78.

KINGFA if fails to hold upside, down targets of ₹1,582.82 and ₹1,368.03 can be achieved by end of this month.

For complete three weeks if KINGFA 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.

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Summary

KINGFA is expected to reach the target of 1,837.48 in tomorrow's trading session.

After achieving the initial target in KINGFA, we will aim for higher targets of 1,877.37 tomorrow.

However, if KINGFA starts to trade below ₹1,810.07, then we will shift our focus to the sell side and aim for down targets of 1,770.18 and 1,742.77.