Price and trend forecast of KNRCON for Tomorrow, Weekly, Monthly
KNR Constructions Limited
Symbol: NSE:KNRCON
ISIN: INE634I01029
347.00
As on 2024-09-06
KNRCON's Today's Performance
KNR Constructions Limited started the day by opening at 355.40 today 2024-09-06. Its shares reached a high of 360.55 and dipped to a low of 345.50 in intraday. When the markets closed, KNRCON’s stock price settled at ₹347.00 per share. Also check out its key support and resistance levels.
KNRCON Buy/Sell Targets
Tomorrow, sell KNRCON when its price reaches ₹ 347.00 with a stop-loss order at ₹ 354.67. You can set the target price as ₹ 339.33 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 KNRCON 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 KNRCON
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 357 |
| Tomorrow Down Target 2 | 366 |
| Tomorrow Down Target 3 | 372 |
Important Levels for KNRCON
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 341 |
| Tomorrow Up Target 2 | 336 |
| Tomorrow Up Target 3 | 326 |
Based on where the stock opens tomorrow, if KNRCON opens on a positive note, our first target will be ₹357. If Target 1 is achieved, we will aim for Target 2 which is ₹366.
But if KNRCON falls below the average value of ₹351.02, you can enter a sell side position with target number 1 - ₹341 and second target - ₹336 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 KNRCON
Looking at KNRCON, 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, KNRCON has been on a Upward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for KNRCON is strong bullish.
Tomorrow's Volume based share price Forecast for KNRCON
KNRCON'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 44%.
Reversal detection for KNRCON
KNRCON may trend may continue to be bearish since stock is making lower low and we can get target of ₹355 in morning tomorrow
| Target 1 tomorrow | 357 |
| Target 2 tomorrow | 360 |
| Target 3 tomorrow | 366 |
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 KNRCON'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 KNRCON opens on a positive note, our first target will be ₹356.53. If Target 1 is achieved, we will aim for Target 2 which is ₹366.07.
But if KNRCON falls below the average value of ₹351.02, you can enter a sell side position with target number 1 - ₹341.48 and second target - ₹335.97
KNRCON's Weekly Targets
| 1st Up Target | 361.70 |
| 2nd Up Target | 376.40 |
| 1st Down Target | 331.15 |
| 2nd Down Target | 315.30 |
As the week for KNRCON ended on bullish sentiments, we can expect further continuation of this sentiment. KNRCON's initial target will be 361.70 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 331.15 in the upcoming week.
Weekly OHLC Values
| Open | 331.90 |
| High | 360.55 |
| Low | 330.00 |
| Close | 347.00 |
Week for KNRCON started with an open price of 331.90, and the close was at 347.00. KNRCON reached the highest of 360.55 and dipped lowest up to 330.00 last week. This indicates a bullish sentiment for the week.
KNRCON full month swing targets
| Monthly Up Target 1 | 392.25 |
| Monthly Up Target 2 | 406.95 |
| Monthly Down Target 1 | 300.60 |
| Monthly Down Target 2 | 254.20 |
Targets of ₹392.25 can be expected to be reached in the coming month. Once KNRCON achieved this target, we can aim for the next upside target of ₹406.95.
KNRCON if fails to hold upside, down targets of ₹300.60 and ₹254.20 can be achieved by end of this month.
For complete three weeks if KNRCON 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 KNRCON
| Symbol | Name | Industry |
|---|---|---|
| LT | Larsen & Toubro Limited | Engineering & Construction |
| ADANIPORTS | Adani Ports and Special Economic Zone Limited | Marine Shipping |
| HAL | Hindustan Aeronautics Limited | Aerospace & Defense |
| SIEMENS | Siemens Limited | Specialty Industrial Machinery |
| BEL | Bharat Electronics Limited | Aerospace & Defense |
Summary
KNRCON is expected to reach the target of 356.53 in tomorrow's trading session.
After achieving the initial target in KNRCON, we will aim for higher targets of 366.07 tomorrow.
However, if KNRCON starts to trade below ₹351.02, then we will shift our focus to the sell side and aim for down targets of 341.48 and 335.97.