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

Kriti Nutrients Limited

Symbol: NSE:KRITINUT

ISIN: INE798K01010

113.40

As on 2024-07-23

69.15 (52W Low) 136.99 (52W High)

KRITINUT's Today's Performance

Kriti Nutrients Limited started the day by opening at 115.45 today 2024-07-23. Its shares reached a high of 118.18 and dipped to a low of 108.00 in intraday. When the markets closed, KRITINUT’s stock price settled at ₹113.40 per share. Also check out its key support and resistance levels.

KRITINUT Buy/Sell Targets

Tomorrow, sell KRITINUT when its price reaches ₹ 113.40 with a stop-loss order at ₹ 117.26. You can set the target price as ₹ 109.54 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 KRITINUT 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 KRITINUT

Downside Targets Value in ₹
Tomorrow Down Target 1 118
Tomorrow Down Target 2 123
Tomorrow Down Target 3 129

Important Levels for KRITINUT

Holding Levels Value in ₹
Tomorrow Up Target 1 108
Tomorrow Up Target 2 103
Tomorrow Up Target 3 98
Based on where the stock opens tomorrow, if KRITINUT opens on a positive note, our first target will be ₹118. If Target 1 is achieved, we will aim for Target 2 which is ₹123.

But if KRITINUT falls below the average value of ₹113.19, you can enter a sell side position with target number 1 - ₹108 and second target - ₹103 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 KRITINUT

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

Based on this, the predicted sentiment for KRITINUT is moderate bearish.

Tomorrow's Volume based share price Forecast for KRITINUT

KRITINUT's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is -26%.

Reversal detection for KRITINUT

Predicted trend chart of KRITINUT tomorrow for price forecast
KRITINUT may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹114 in morning tomorrow
Target 1 tomorrow117
Target 2 tomorrow119
Target 3 tomorrow123
 

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 KRITINUT'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 KRITINUT opens on a positive note, our first target will be ₹118.39. If Target 1 is achieved, we will aim for Target 2 which is ₹123.37.

But if KRITINUT falls below the average value of ₹113.19, you can enter a sell side position with target number 1 - ₹108.21 and second target - ₹103.01

KRITINUT's Weekly Targets
1st Up Target 118.39
2nd Up Target 123.37
1st Down Target 108.21
2nd Down Target 103.01

As the week for KRITINUT ended on bearish sentiments, we can expect further continuation of this sentiment. KRITINUT's initial target will be 118.39 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 108.21 in the upcoming week.

Weekly OHLC Values
Open 113.99
High 118.18
Low 108.00
Close 113.40

Week for KRITINUT started with an open price of 113.99, and the close was at 113.40. KRITINUT reached the highest of 118.18 and dipped lowest up to 108.00 last week. This indicates a bearish sentiment for the week.

KRITINUT full month swing targets
Monthly Up Target 1 128.57
Monthly Up Target 2 133.55
Monthly Down Target 1 98.03
Monthly Down Target 2 82.65

Targets of ₹128.57 can be expected to be reached in the coming month. Once KRITINUT achieved this target, we can aim for the next upside target of ₹133.55.

KRITINUT if fails to hold upside, down targets of ₹98.03 and ₹82.65 can be achieved by end of this month.

For complete three weeks if KRITINUT 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

KRITINUT is expected to reach the target of 118.39 in tomorrow's trading session.

After achieving the initial target in KRITINUT, we will aim for higher targets of 123.37 tomorrow.

However, if KRITINUT starts to trade below ₹113.19, then we will shift our focus to the sell side and aim for down targets of 108.21 and 103.01.