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

Kiri Industries Limited

Symbol: NSE:KIRIINDUS

ISIN: INE415I01015

366.45

As on 2024-04-12

261.00 (52W Low) 452.50 (52W High)

KIRIINDUS's Today's Performance

Kiri Industries Limited started the day by opening at 361.30 today 2024-04-12. Its shares reached a high of 369.40 and dipped to a low of 354.00 in intraday. When the markets closed, KIRIINDUS’s stock price settled at ₹366.45 per share. Also check out its key support and resistance levels.

KIRIINDUS Buy/Sell Targets

Tomorrow, buy KIRIINDUS when its price reaches ₹ 366.45 with a stop-loss order at ₹ 357.23. You can set the target price as ₹ 375.68 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 KIRIINDUS 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 KIRIINDUS

Resistance Levels Value in ₹
Tomorrow Resistance 1 373
Tomorrow Resistance 2 379
Tomorrow Resistance 3 388

Important Supports for KIRIINDUS

Support Levels Value in ₹
Tomorrow Support 1 357
Tomorrow Support 2 348
Tomorrow Support 3 342
Based on where the stock opens tomorrow, if KIRIINDUS opens on a positive note, our first target will be ₹373. If Target 1 is achieved, we will aim for Target 2 which is ₹379.

But if KIRIINDUS falls below the average value of ₹363.28, you can enter a sell side position with target number 1 - ₹357 and second target - ₹348 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 KIRIINDUS

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

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

Tomorrow's Volume based share price Forecast for KIRIINDUS

KIRIINDUS's Volume is currently in a Increasing 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 -79%.

Reversal detection for KIRIINDUS

Predicted trend chart of KIRIINDUS tomorrow for price forecast
KIRIINDUS may trend may continue to be bullish since stock is making higher highs and we can get target of ₹359 in morning tomorrow
Target 1 tomorrow369
Target 2 tomorrow373
Target 3 tomorrow379
 

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 KIRIINDUS'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 KIRIINDUS opens on a positive note, our first target will be ₹372.57. If Target 1 is achieved, we will aim for Target 2 which is ₹378.68.

But if KIRIINDUS falls below the average value of ₹363.28, you can enter a sell side position with target number 1 - ₹357.17 and second target - ₹347.88

KIRIINDUS's Weekly Targets
1st Up Target 375.58
2nd Up Target 384.72
1st Down Target 351.13
2nd Down Target 335.82

As the week for KIRIINDUS ended on bearish sentiments, we can expect further continuation of this sentiment. KIRIINDUS's initial target will be 375.58 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 351.13 in the upcoming week.

Weekly OHLC Values
Open 367.50
High 369.40
Low 344.95
Close 366.45

Week for KIRIINDUS started with an open price of 367.50, and the close was at 366.45. KIRIINDUS reached the highest of 369.40 and dipped lowest up to 344.95 last week. This indicates a bearish sentiment for the week.

KIRIINDUS full month swing targets
Monthly Up Target 1 400.03
Monthly Up Target 2 409.17
Monthly Down Target 1 326.68
Monthly Down Target 2 286.92

Targets of ₹400.03 can be expected to be reached in the coming month. Once KIRIINDUS achieved this target, we can aim for the next upside target of ₹409.17.

KIRIINDUS if fails to hold upside, down targets of ₹326.68 and ₹286.92 can be achieved by end of this month.

For complete three weeks if KIRIINDUS 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

KIRIINDUS is expected to reach the target of 372.57 in tomorrow's trading session.

After achieving the initial target in KIRIINDUS, we will aim for higher targets of 378.68 tomorrow.

However, if KIRIINDUS starts to trade below ₹363.28, then we will shift our focus to the sell side and aim for down targets of 357.17 and 347.88.