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

La Opala RG Limited

Symbol: NSE:LAOPALA

ISIN: INE059D01020

323.05

As on 2024-04-16

296.00 (52W Low) 479.75 (52W High)

LAOPALA's Today's Performance

La Opala RG Limited started the day by opening at 320.50 today 2024-04-16. Its shares reached a high of 325.75 and dipped to a low of 319.00 in intraday. When the markets closed, LAOPALA’s stock price settled at ₹323.05 per share. Also check out its key support and resistance levels.

LAOPALA Buy/Sell Targets

Tomorrow, sell LAOPALA when its price reaches ₹ 323.05 with a stop-loss order at ₹ 328.57. You can set the target price as ₹ 317.53 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 LAOPALA 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 LAOPALA

Resistance Levels Value in ₹
Tomorrow Resistance 1 326
Tomorrow Resistance 2 329
Tomorrow Resistance 3 333

Important Supports for LAOPALA

Support Levels Value in ₹
Tomorrow Support 1 319
Tomorrow Support 2 316
Tomorrow Support 3 313
Based on where the stock opens tomorrow, if LAOPALA opens on a positive note, our first target will be ₹326. If Target 1 is achieved, we will aim for Target 2 which is ₹329.

But if LAOPALA falls below the average value of ₹322.60, you can enter a sell side position with target number 1 - ₹319 and second target - ₹316 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 LAOPALA

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

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

Tomorrow's Volume based share price Forecast for LAOPALA

LAOPALA'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 90%.

Reversal detection for LAOPALA

Predicted trend chart of LAOPALA tomorrow for price forecast
LAOPALA may trend may continue to be bearish since stock is making lower low and we can get target of ₹321 in morning tomorrow
Target 1 tomorrow325
Target 2 tomorrow327
Target 3 tomorrow329
 

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 LAOPALA'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 LAOPALA opens on a positive note, our first target will be ₹326.20. If Target 1 is achieved, we will aim for Target 2 which is ₹329.35.

But if LAOPALA falls below the average value of ₹322.60, you can enter a sell side position with target number 1 - ₹319.45 and second target - ₹315.85

LAOPALA's Weekly Targets
1st Up Target 327.67
2nd Up Target 332.28
1st Down Target 316.52
2nd Down Target 309.98

As the week for LAOPALA ended on bullish sentiments, we can expect further continuation of this sentiment. LAOPALA's initial target will be 327.67 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 316.52 in the upcoming week.

Weekly OHLC Values
Open 320.00
High 325.75
Low 314.60
Close 323.05

Week for LAOPALA started with an open price of 320.00, and the close was at 323.05. LAOPALA reached the highest of 325.75 and dipped lowest up to 314.60 last week. This indicates a bullish sentiment for the week.

LAOPALA full month swing targets
Monthly Up Target 1 338.82
Monthly Up Target 2 343.43
Monthly Down Target 1 305.37
Monthly Down Target 2 287.68

Targets of ₹338.82 can be expected to be reached in the coming month. Once LAOPALA achieved this target, we can aim for the next upside target of ₹343.43.

LAOPALA if fails to hold upside, down targets of ₹305.37 and ₹287.68 can be achieved by end of this month.

For complete three weeks if LAOPALA 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

LAOPALA is expected to reach the target of 326.20 in tomorrow's trading session.

After achieving the initial target in LAOPALA, we will aim for higher targets of 329.35 tomorrow.

However, if LAOPALA starts to trade below ₹322.60, then we will shift our focus to the sell side and aim for down targets of 319.45 and 315.85.