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

KRBL Limited

Symbol: NSE:KRBL

ISIN: INE001B01026

301.10

As on 2024-04-12

275.55 (52W Low) 470.90 (52W High)

KRBL's Today's Performance

KRBL Limited started the day by opening at 307.80 today 2024-04-12. Its shares reached a high of 314.50 and dipped to a low of 298.20 in intraday. When the markets closed, KRBL’s stock price settled at ₹301.10 per share. Also check out its key support and resistance levels.

KRBL Buy/Sell Targets

Tomorrow, sell KRBL when its price reaches ₹ 301.10 with a stop-loss order at ₹ 307.67. You can set the target price as ₹ 294.53 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 KRBL 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 KRBL

Resistance Levels Value in ₹
Tomorrow Resistance 1 311
Tomorrow Resistance 2 321
Tomorrow Resistance 3 327

Important Supports for KRBL

Support Levels Value in ₹
Tomorrow Support 1 295
Tomorrow Support 2 288
Tomorrow Support 3 278
Based on where the stock opens tomorrow, if KRBL opens on a positive note, our first target will be ₹311. If Target 1 is achieved, we will aim for Target 2 which is ₹321.

But if KRBL falls below the average value of ₹304.60, you can enter a sell side position with target number 1 - ₹295 and second target - ₹288 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 KRBL

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

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

Tomorrow's Volume based share price Forecast for KRBL

KRBL'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 11%.

Reversal detection for KRBL

Predicted trend chart of KRBL tomorrow for price forecast
KRBL may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹309 in morning tomorrow
Target 1 tomorrow311
Target 2 tomorrow315
Target 3 tomorrow321
 

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 KRBL'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 KRBL opens on a positive note, our first target will be ₹311.00. If Target 1 is achieved, we will aim for Target 2 which is ₹320.90.

But if KRBL falls below the average value of ₹304.60, you can enter a sell side position with target number 1 - ₹294.70 and second target - ₹288.30

KRBL's Weekly Targets
1st Up Target 316.67
2nd Up Target 332.23
1st Down Target 291.87
2nd Down Target 282.63

As the week for KRBL ended on bearish sentiments, we can expect further continuation of this sentiment. KRBL's initial target will be 316.67 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 291.87 in the upcoming week.

Weekly OHLC Values
Open 315.90
High 323.00
Low 298.20
Close 301.10

Week for KRBL started with an open price of 315.90, and the close was at 301.10. KRBL reached the highest of 323.00 and dipped lowest up to 298.20 last week. This indicates a bearish sentiment for the week.

KRBL full month swing targets
Monthly Up Target 1 341.47
Monthly Up Target 2 357.03
Monthly Down Target 1 267.07
Monthly Down Target 2 233.03

Targets of ₹341.47 can be expected to be reached in the coming month. Once KRBL achieved this target, we can aim for the next upside target of ₹357.03.

KRBL if fails to hold upside, down targets of ₹267.07 and ₹233.03 can be achieved by end of this month.

For complete three weeks if KRBL 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

KRBL is expected to reach the target of 311.00 in tomorrow's trading session.

After achieving the initial target in KRBL, we will aim for higher targets of 320.90 tomorrow.

However, if KRBL starts to trade below ₹304.60, then we will shift our focus to the sell side and aim for down targets of 294.70 and 288.30.