Price and trend forecast of KIRIINDUS for Tomorrow, Weekly, Monthly
Kiri Industries Limited
Symbol: NSE:KIRIINDUS
ISIN: INE415I01015
354.30
As on 2024-07-26
KIRIINDUS's Today's Performance
Kiri Industries Limited started the day by opening at 349.95 today 2024-07-26. Its shares reached a high of 359.90 and dipped to a low of 349.05 in intraday. When the markets closed, KIRIINDUS’s stock price settled at ₹354.30 per share. Also check out its key support and resistance levels.
KIRIINDUS Buy/Sell Targets
Tomorrow, buy KIRIINDUS when its price reaches ₹ 354.30 with a stop-loss order at ₹ 348.80. You can set the target price as ₹ 359.80 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 levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.
Important Down levels for KIRIINDUS
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 360 |
| Tomorrow Down Target 2 | 365 |
| Tomorrow Down Target 3 | 371 |
Important Levels for KIRIINDUS
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 349 |
| Tomorrow Up Target 2 | 344 |
| Tomorrow Up Target 3 | 338 |
Based on where the stock opens tomorrow, if KIRIINDUS opens on a positive note, our first target will be ₹360. If Target 1 is achieved, we will aim for Target 2 which is ₹365.
But if KIRIINDUS falls below the average value of ₹354.42, you can enter a sell side position with target number 1 - ₹349 and second target - ₹344 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
KIRIINDUS may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹348 in morning tomorrow
| Target 1 tomorrow | 359 |
| Target 2 tomorrow | 361 |
| Target 3 tomorrow | 365 |
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 ₹359.78. If Target 1 is achieved, we will aim for Target 2 which is ₹365.27.
But if KIRIINDUS falls below the average value of ₹354.42, you can enter a sell side position with target number 1 - ₹348.93 and second target - ₹343.57
KIRIINDUS's Weekly Targets
| 1st Up Target | 366.00 |
| 2nd Up Target | 377.70 |
| 1st Down Target | 336.50 |
| 2nd Down Target | 318.70 |
As the week for KIRIINDUS ended on bullish sentiments, we can expect further continuation of this sentiment. KIRIINDUS's initial target will be 366.00 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 336.50 in the upcoming week.
Weekly OHLC Values
| Open | 336.90 |
| High | 359.90 |
| Low | 330.40 |
| Close | 354.30 |
Week for KIRIINDUS started with an open price of 336.90, and the close was at 354.30. KIRIINDUS reached the highest of 359.90 and dipped lowest up to 330.40 last week. This indicates a bullish sentiment for the week.
KIRIINDUS full month swing targets
| Monthly Up Target 1 | 395.50 |
| Monthly Up Target 2 | 407.20 |
| Monthly Down Target 1 | 307.00 |
| Monthly Down Target 2 | 259.70 |
Targets of ₹395.50 can be expected to be reached in the coming month. Once KIRIINDUS achieved this target, we can aim for the next upside target of ₹407.20.
KIRIINDUS if fails to hold upside, down targets of ₹307.00 and ₹259.70 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.
Related Stocks in the Same Sector as KIRIINDUS
| Symbol | Name | Industry |
|---|---|---|
| ULTRACEMCO | UltraTech Cement Limited | Building Materials |
| ASIANPAINT | Asian Paints Limited | Specialty Chemicals |
| JSWSTEEL | JSW Steel Limited | Steel |
| TATASTEEL | Tata Steel Limited | Steel |
| GRASIM | Grasim Industries Limited | Building Materials |
Summary
KIRIINDUS is expected to reach the target of 359.78 in tomorrow's trading session.
After achieving the initial target in KIRIINDUS, we will aim for higher targets of 365.27 tomorrow.
However, if KIRIINDUS starts to trade below ₹354.42, then we will shift our focus to the sell side and aim for down targets of 348.93 and 343.57.