Price and trend forecast of LAOPALA for Tomorrow, Weekly, Monthly
La Opala RG Limited
Symbol: NSE:LAOPALA
ISIN: INE059D01020
358.20
As on 2024-10-17
LAOPALA's Today's Performance
La Opala RG Limited started the day by opening at 365.85 today 2024-10-17. Its shares reached a high of 370.00 and dipped to a low of 355.60 in intraday. When the markets closed, LAOPALA’s stock price settled at ₹358.20 per share. Also check out its key support and resistance levels.
LAOPALA Buy/Sell Targets
Tomorrow, sell LAOPALA when its price reaches ₹ 358.20 with a stop-loss order at ₹ 367.57. You can set the target price as ₹ 348.83 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 levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.
Important Down levels for LAOPALA
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 367 |
| Tomorrow Down Target 2 | 376 |
| Tomorrow Down Target 3 | 381 |
Important Levels for LAOPALA
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 353 |
| Tomorrow Up Target 2 | 347 |
| Tomorrow Up Target 3 | 338 |
Based on where the stock opens tomorrow, if LAOPALA opens on a positive note, our first target will be ₹367. If Target 1 is achieved, we will aim for Target 2 which is ₹376.
But if LAOPALA falls below the average value of ₹361.27, you can enter a sell side position with target number 1 - ₹353 and second target - ₹347 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 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, LAOPALA has been on a Upward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for LAOPALA is strong bullish.
Tomorrow's Volume based share price Forecast for LAOPALA
LAOPALA's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a strong bullish trend. Volume trend strength over the last month compared to the last week is 90%.
Reversal detection for LAOPALA
LAOPALA may trend may continue to be bearish since stock is making lower low and we can get target of ₹369 in morning tomorrow
| Target 1 tomorrow | 367 |
| Target 2 tomorrow | 370 |
| Target 3 tomorrow | 376 |
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 ₹366.93. If Target 1 is achieved, we will aim for Target 2 which is ₹375.67.
But if LAOPALA falls below the average value of ₹361.27, you can enter a sell side position with target number 1 - ₹352.53 and second target - ₹346.87
LAOPALA's Weekly Targets
| 1st Up Target | 377.12 |
| 2nd Up Target | 396.03 |
| 1st Down Target | 340.17 |
| 2nd Down Target | 322.13 |
As the week for LAOPALA ended on bullish sentiments, we can expect further continuation of this sentiment. LAOPALA's initial target will be 377.12 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 340.17 in the upcoming week.
Weekly OHLC Values
| Open | 345.00 |
| High | 378.00 |
| Low | 341.05 |
| Close | 358.20 |
Week for LAOPALA started with an open price of 345.00, and the close was at 358.20. LAOPALA reached the highest of 378.00 and dipped lowest up to 341.05 last week. This indicates a bullish sentiment for the week.
LAOPALA full month swing targets
| Monthly Up Target 1 | 414.07 |
| Monthly Up Target 2 | 432.98 |
| Monthly Down Target 1 | 303.22 |
| Monthly Down Target 2 | 248.23 |
Targets of ₹414.07 can be expected to be reached in the coming month. Once LAOPALA achieved this target, we can aim for the next upside target of ₹432.98.
LAOPALA if fails to hold upside, down targets of ₹303.22 and ₹248.23 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.
Related Stocks in the Same Sector as LAOPALA
| Symbol | Name | Industry |
|---|---|---|
| MARUTI | Maruti Suzuki India Limited | Auto Manufacturers |
| TATAMTRDVR | Tata Motors Limited | Auto Manufacturers |
| TATAMOTORS | Tata Motors Limited | Auto Manufacturers |
| TITAN | Titan Company Limited | Luxury Goods |
| BAJAJ-AUTO | Bajaj Auto Limited | Auto Manufacturers |
Summary
LAOPALA is expected to reach the target of 366.93 in tomorrow's trading session.
After achieving the initial target in LAOPALA, we will aim for higher targets of 375.67 tomorrow.
However, if LAOPALA starts to trade below ₹361.27, then we will shift our focus to the sell side and aim for down targets of 352.53 and 346.87.