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

KNR Constructions Limited

Symbol: NSE:KNRCON

ISIN: INE634I01029

263.05

As on 2024-04-12

226.30 (52W Low) 305.50 (52W High)

KNRCON's Today's Performance

KNR Constructions Limited started the day by opening at 264.40 today 2024-04-12. Its shares reached a high of 266.95 and dipped to a low of 261.55 in intraday. When the markets closed, KNRCON’s stock price settled at ₹263.05 per share. Also check out its key support and resistance levels.

KNRCON Buy/Sell Targets

Tomorrow, sell KNRCON when its price reaches ₹ 263.05 with a stop-loss order at ₹ 265.62. You can set the target price as ₹ 260.48 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 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 KNRCON

Resistance Levels Value in ₹
Tomorrow Resistance 1 266
Tomorrow Resistance 2 269
Tomorrow Resistance 3 272

Important Supports for KNRCON

Support Levels Value in ₹
Tomorrow Support 1 261
Tomorrow Support 2 258
Tomorrow Support 3 255
Based on where the stock opens tomorrow, if KNRCON opens on a positive note, our first target will be ₹266. If Target 1 is achieved, we will aim for Target 2 which is ₹269.

But if KNRCON falls below the average value of ₹263.85, you can enter a sell side position with target number 1 - ₹261 and second target - ₹258 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 Decreasing 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 moderate bullish.

Tomorrow's Volume based share price Forecast for KNRCON

KNRCON's Volume is currently in a Decreasing 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 44%.

Reversal detection for KNRCON

Predicted trend chart of KNRCON tomorrow for price forecast
KNRCON may trend may continue to be bearish since stock is making lower low and we can get target of ₹266 in morning tomorrow
Target 1 tomorrow266
Target 2 tomorrow267
Target 3 tomorrow269
 

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 ₹266.15. If Target 1 is achieved, we will aim for Target 2 which is ₹269.25.

But if KNRCON falls below the average value of ₹263.85, you can enter a sell side position with target number 1 - ₹260.75 and second target - ₹258.45

KNRCON's Weekly Targets
1st Up Target 268.75
2nd Up Target 274.45
1st Down Target 258.00
2nd Down Target 252.95

As the week for KNRCON ended on bullish sentiments, we can expect further continuation of this sentiment. KNRCON's initial target will be 268.75 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 258.00 in the upcoming week.

Weekly OHLC Values
Open 259.80
High 269.40
Low 258.65
Close 263.05

Week for KNRCON started with an open price of 259.80, and the close was at 263.05. KNRCON reached the highest of 269.40 and dipped lowest up to 258.65 last week. This indicates a bullish sentiment for the week.

KNRCON full month swing targets
Monthly Up Target 1 279.50
Monthly Up Target 2 285.20
Monthly Down Target 1 247.25
Monthly Down Target 2 231.45

Targets of ₹279.50 can be expected to be reached in the coming month. Once KNRCON achieved this target, we can aim for the next upside target of ₹285.20.

KNRCON if fails to hold upside, down targets of ₹247.25 and ₹231.45 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.

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Summary

KNRCON is expected to reach the target of 266.15 in tomorrow's trading session.

After achieving the initial target in KNRCON, we will aim for higher targets of 269.25 tomorrow.

However, if KNRCON starts to trade below ₹263.85, then we will shift our focus to the sell side and aim for down targets of 260.75 and 258.45.