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

Laxmi Cotspin Limited

Symbol: NSE:LAXMICOT

ISIN: INE801V01019

34.93

As on 2024-11-11

21.55 (52W Low) 42.38 (52W High)

LAXMICOT's Today's Performance

Laxmi Cotspin Limited started the day by opening at 33.21 today 2024-11-11. Its shares reached a high of 36.34 and dipped to a low of 33.21 in intraday. When the markets closed, LAXMICOT’s stock price settled at ₹34.93 per share. Also check out its key support and resistance levels.

LAXMICOT Buy/Sell Targets

Tomorrow, buy LAXMICOT when its price reaches ₹ 34.93 with a stop-loss order at ₹ 34.06. You can set the target price as ₹ 35.80 to capture potential gains. This buy 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 LAXMICOT 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 LAXMICOT

Downside Targets Value in ₹
Tomorrow Down Target 1 36
Tomorrow Down Target 2 38
Tomorrow Down Target 3 40

Important Levels for LAXMICOT

Holding Levels Value in ₹
Tomorrow Up Target 1 33
Tomorrow Up Target 2 32
Tomorrow Up Target 3 30
Based on where the stock opens tomorrow, if LAXMICOT opens on a positive note, our first target will be ₹36. If Target 1 is achieved, we will aim for Target 2 which is ₹38.

But if LAXMICOT falls below the average value of ₹34.83, you can enter a sell side position with target number 1 - ₹33 and second target - ₹32 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 LAXMICOT

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

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

Tomorrow's Volume based share price Forecast for LAXMICOT

LAXMICOT's Volume is currently in a Increasing 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 -83%.

Reversal detection for LAXMICOT

Predicted trend chart of LAXMICOT tomorrow for price forecast
LAXMICOT may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹34 in morning tomorrow
Target 1 tomorrow36
Target 2 tomorrow37
Target 3 tomorrow38
 

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 LAXMICOT'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 LAXMICOT opens on a positive note, our first target will be ₹36.44. If Target 1 is achieved, we will aim for Target 2 which is ₹37.96.

But if LAXMICOT falls below the average value of ₹34.83, you can enter a sell side position with target number 1 - ₹33.31 and second target - ₹31.70

LAXMICOT's Weekly Targets
1st Up Target 36.44
2nd Up Target 37.96
1st Down Target 33.31
2nd Down Target 31.70

As the week for LAXMICOT ended on bullish sentiments, we can expect further continuation of this sentiment. LAXMICOT's initial target will be 36.44 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 33.31 in the upcoming week.

Weekly OHLC Values
Open 33.21
High 36.34
Low 33.21
Close 34.93

Week for LAXMICOT started with an open price of 33.21, and the close was at 34.93. LAXMICOT reached the highest of 36.34 and dipped lowest up to 33.21 last week. This indicates a bullish sentiment for the week.

LAXMICOT full month swing targets
Monthly Up Target 1 39.57
Monthly Up Target 2 41.09
Monthly Down Target 1 30.18
Monthly Down Target 2 25.44

Targets of ₹39.57 can be expected to be reached in the coming month. Once LAXMICOT achieved this target, we can aim for the next upside target of ₹41.09.

LAXMICOT if fails to hold upside, down targets of ₹30.18 and ₹25.44 can be achieved by end of this month.

For complete three weeks if LAXMICOT 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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BAJAJ-AUTO Bajaj Auto Limited Auto Manufacturers

Summary

LAXMICOT is expected to reach the target of 36.44 in tomorrow's trading session.

After achieving the initial target in LAXMICOT, we will aim for higher targets of 37.96 tomorrow.

However, if LAXMICOT starts to trade below ₹34.83, then we will shift our focus to the sell side and aim for down targets of 33.31 and 31.70.