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

Kothari Sugars And Chemicals Limited

Symbol: NSE:KOTARISUG

ISIN: INE419A01022

56.90

As on 2024-04-16

36.80 (52W Low) 71.70 (52W High)

KOTARISUG's Today's Performance

Kothari Sugars And Chemicals Limited started the day by opening at 55.00 today 2024-04-16. Its shares reached a high of 59.00 and dipped to a low of 55.00 in intraday. When the markets closed, KOTARISUG’s stock price settled at ₹56.90 per share. Also check out its key support and resistance levels.

KOTARISUG Buy/Sell Targets

Tomorrow, buy KOTARISUG when its price reaches ₹ 56.90 with a stop-loss order at ₹ 55.34. You can set the target price as ₹ 58.46 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 KOTARISUG 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 KOTARISUG

Resistance Levels Value in ₹
Tomorrow Resistance 1 59
Tomorrow Resistance 2 61
Tomorrow Resistance 3 63

Important Supports for KOTARISUG

Support Levels Value in ₹
Tomorrow Support 1 55
Tomorrow Support 2 53
Tomorrow Support 3 51
Based on where the stock opens tomorrow, if KOTARISUG opens on a positive note, our first target will be ₹59. If Target 1 is achieved, we will aim for Target 2 which is ₹61.

But if KOTARISUG falls below the average value of ₹56.97, you can enter a sell side position with target number 1 - ₹55 and second target - ₹53 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 KOTARISUG

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

Based on this, the predicted sentiment for KOTARISUG is strong bearish.

Tomorrow's Volume based share price Forecast for KOTARISUG

KOTARISUG's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a strong bearish trend. Volume trend strength over the last month compared to the last week is 78%.

Reversal detection for KOTARISUG

Predicted trend chart of KOTARISUG tomorrow for price forecast
KOTARISUG may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹56 in morning tomorrow
Target 1 tomorrow58
Target 2 tomorrow59
Target 3 tomorrow61
 

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 KOTARISUG'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 KOTARISUG opens on a positive note, our first target will be ₹58.93. If Target 1 is achieved, we will aim for Target 2 which is ₹60.97.

But if KOTARISUG falls below the average value of ₹56.97, you can enter a sell side position with target number 1 - ₹54.93 and second target - ₹52.97

KOTARISUG's Weekly Targets
1st Up Target 59.20
2nd Up Target 61.50
1st Down Target 54.40
2nd Down Target 51.90

As the week for KOTARISUG ended on bearish sentiments, we can expect further continuation of this sentiment. KOTARISUG's initial target will be 59.20 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 54.40 in the upcoming week.

Weekly OHLC Values
Open 57.00
High 59.00
Low 54.20
Close 56.90

Week for KOTARISUG started with an open price of 57.00, and the close was at 56.90. KOTARISUG reached the highest of 59.00 and dipped lowest up to 54.20 last week. This indicates a bearish sentiment for the week.

KOTARISUG full month swing targets
Monthly Up Target 1 64.00
Monthly Up Target 2 66.30
Monthly Down Target 1 49.60
Monthly Down Target 2 42.30

Targets of ₹64.00 can be expected to be reached in the coming month. Once KOTARISUG achieved this target, we can aim for the next upside target of ₹66.30.

KOTARISUG if fails to hold upside, down targets of ₹49.60 and ₹42.30 can be achieved by end of this month.

For complete three weeks if KOTARISUG 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

KOTARISUG is expected to reach the target of 58.93 in tomorrow's trading session.

After achieving the initial target in KOTARISUG, we will aim for higher targets of 60.97 tomorrow.

However, if KOTARISUG starts to trade below ₹56.97, then we will shift our focus to the sell side and aim for down targets of 54.93 and 52.97.