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

Kothari Products Limited

Symbol: NSE:KOTHARIPRO

ISIN: INE823A01017

134.45

As on 2024-04-12

99.90 (52W Low) 186.70 (52W High)

KOTHARIPRO's Today's Performance

Kothari Products Limited started the day by opening at 136.95 today 2024-04-12. Its shares reached a high of 139.00 and dipped to a low of 134.00 in intraday. When the markets closed, KOTHARIPRO’s stock price settled at ₹134.45 per share. Also check out its key support and resistance levels.

KOTHARIPRO Buy/Sell Targets

Tomorrow, sell KOTHARIPRO when its price reaches ₹ 134.45 with a stop-loss order at ₹ 138.05. You can set the target price as ₹ 130.85 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 KOTHARIPRO 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 KOTHARIPRO

Resistance Levels Value in ₹
Tomorrow Resistance 1 138
Tomorrow Resistance 2 141
Tomorrow Resistance 3 143

Important Supports for KOTHARIPRO

Support Levels Value in ₹
Tomorrow Support 1 133
Tomorrow Support 2 131
Tomorrow Support 3 128
Based on where the stock opens tomorrow, if KOTHARIPRO opens on a positive note, our first target will be ₹138. If Target 1 is achieved, we will aim for Target 2 which is ₹141.

But if KOTHARIPRO falls below the average value of ₹135.82, you can enter a sell side position with target number 1 - ₹133 and second target - ₹131 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 KOTHARIPRO

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

Based on this, the predicted sentiment for KOTHARIPRO is moderate bullish.

Tomorrow's Volume based share price Forecast for KOTHARIPRO

KOTHARIPRO'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 -23%.

Reversal detection for KOTHARIPRO

Predicted trend chart of KOTHARIPRO tomorrow for price forecast
KOTHARIPRO may trend may continue to be bearish since stock is making lower low and we can get target of ₹135 in morning tomorrow
Target 1 tomorrow138
Target 2 tomorrow139
Target 3 tomorrow141
 

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 KOTHARIPRO'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 KOTHARIPRO opens on a positive note, our first target will be ₹137.63. If Target 1 is achieved, we will aim for Target 2 which is ₹140.82.

But if KOTHARIPRO falls below the average value of ₹135.82, you can enter a sell side position with target number 1 - ₹132.63 and second target - ₹130.82

KOTHARIPRO's Weekly Targets
1st Up Target 140.97
2nd Up Target 147.48
1st Down Target 127.97
2nd Down Target 121.48

As the week for KOTHARIPRO ended on bullish sentiments, we can expect further continuation of this sentiment. KOTHARIPRO's initial target will be 140.97 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 127.97 in the upcoming week.

Weekly OHLC Values
Open 132.25
High 141.00
Low 128.00
Close 134.45

Week for KOTHARIPRO started with an open price of 132.25, and the close was at 134.45. KOTHARIPRO reached the highest of 141.00 and dipped lowest up to 128.00 last week. This indicates a bullish sentiment for the week.

KOTHARIPRO full month swing targets
Monthly Up Target 1 153.97
Monthly Up Target 2 160.48
Monthly Down Target 1 114.97
Monthly Down Target 2 95.48

Targets of ₹153.97 can be expected to be reached in the coming month. Once KOTHARIPRO achieved this target, we can aim for the next upside target of ₹160.48.

KOTHARIPRO if fails to hold upside, down targets of ₹114.97 and ₹95.48 can be achieved by end of this month.

For complete three weeks if KOTHARIPRO 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

KOTHARIPRO is expected to reach the target of 137.63 in tomorrow's trading session.

After achieving the initial target in KOTHARIPRO, we will aim for higher targets of 140.82 tomorrow.

However, if KOTHARIPRO starts to trade below ₹135.82, then we will shift our focus to the sell side and aim for down targets of 132.63 and 130.82.