Price and trend forecast of KMSUGAR for Tomorrow, Weekly, Monthly
K.M.Sugar Mills Limited
Symbol: NSE:KMSUGAR
ISIN: INE157H01023
34.26
As on 2024-12-06
KMSUGAR's Today's Performance
K.M.Sugar Mills Limited started the day by opening at 34.79 today 2024-12-06. Its shares reached a high of 34.90 and dipped to a low of 34.07 in intraday. When the markets closed, KMSUGAR’s stock price settled at ₹34.26 per share. Also check out its key support and resistance levels.
KMSUGAR Buy/Sell Targets
Tomorrow, buy KMSUGAR when its price reaches ₹ 34.26 with a stop-loss order at ₹ 33.81. You can set the target price as ₹ 34.71 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 KMSUGAR 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 KMSUGAR
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 35 |
| Tomorrow Down Target 2 | 35 |
| Tomorrow Down Target 3 | 36 |
Important Levels for KMSUGAR
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 34 |
| Tomorrow Up Target 2 | 34 |
| Tomorrow Up Target 3 | 33 |
Based on where the stock opens tomorrow, if KMSUGAR opens on a positive note, our first target will be ₹35. If Target 1 is achieved, we will aim for Target 2 which is ₹35.
But if KMSUGAR falls below the average value of ₹34.41, you can enter a sell side position with target number 1 - ₹34 and second target - ₹34 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 KMSUGAR
Looking at KMSUGAR, 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, KMSUGAR has been on a Upward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for KMSUGAR is strong bullish.
Tomorrow's Volume based share price Forecast for KMSUGAR
KMSUGAR's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a strong bullish trend. Volume trend strength over the last month compared to the last week is 106%.
Reversal detection for KMSUGAR
KMSUGAR may trend may continue to be bullish since stock is making higher highs and we can get target of ₹34 in morning tomorrow
| Target 1 tomorrow | 35 |
| Target 2 tomorrow | 35 |
| Target 3 tomorrow | 35 |
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 KMSUGAR'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 KMSUGAR opens on a positive note, our first target will be ₹34.75. If Target 1 is achieved, we will aim for Target 2 which is ₹35.24.
But if KMSUGAR falls below the average value of ₹34.41, you can enter a sell side position with target number 1 - ₹33.92 and second target - ₹33.58
KMSUGAR's Weekly Targets
| 1st Up Target | 35.07 |
| 2nd Up Target | 35.87 |
| 1st Down Target | 33.53 |
| 2nd Down Target | 32.79 |
As the week for KMSUGAR ended on bearish sentiments, we can expect further continuation of this sentiment. KMSUGAR's initial target will be 35.07 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 33.53 in the upcoming week.
Weekly OHLC Values
| Open | 34.40 |
| High | 35.14 |
| Low | 33.60 |
| Close | 34.26 |
Week for KMSUGAR started with an open price of 34.40, and the close was at 34.26. KMSUGAR reached the highest of 35.14 and dipped lowest up to 33.60 last week. This indicates a bearish sentiment for the week.
KMSUGAR full month swing targets
| Monthly Up Target 1 | 36.61 |
| Monthly Up Target 2 | 37.41 |
| Monthly Down Target 1 | 31.99 |
| Monthly Down Target 2 | 29.71 |
Targets of ₹36.61 can be expected to be reached in the coming month. Once KMSUGAR achieved this target, we can aim for the next upside target of ₹37.41.
KMSUGAR if fails to hold upside, down targets of ₹31.99 and ₹29.71 can be achieved by end of this month.
For complete three weeks if KMSUGAR 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 KMSUGAR
| Symbol | Name | Industry |
|---|---|---|
| ITC | ITC Limited | Tobacco |
| HINDUNILVR | Hindustan Unilever Limited | Household & Personal Products |
| DMART | Avenue Supermarts Limited | Discount Stores |
| NESTLEIND | Nestle India Limited | Packaged Foods |
| VBL | Varun Beverages Limited | Beverages - Non-Alcoholic |
Summary
KMSUGAR is expected to reach the target of 34.75 in tomorrow's trading session.
After achieving the initial target in KMSUGAR, we will aim for higher targets of 35.24 tomorrow.
However, if KMSUGAR starts to trade below ₹34.41, then we will shift our focus to the sell side and aim for down targets of 33.92 and 33.58.