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

Liberty Shoes Limited

Symbol: NSE:LIBERTSHOE

ISIN: INE557B01019

488.40

As on 2024-09-20

243.65 (52W Low) 555.00 (52W High)

LIBERTSHOE's Today's Performance

Liberty Shoes Limited started the day by opening at 505.00 today 2024-09-20. Its shares reached a high of 505.00 and dipped to a low of 480.00 in intraday. When the markets closed, LIBERTSHOE’s stock price settled at ₹488.40 per share. Also check out its key support and resistance levels.

LIBERTSHOE Buy/Sell Targets

Tomorrow, sell LIBERTSHOE when its price reaches ₹ 488.40 with a stop-loss order at ₹ 502.53. You can set the target price as ₹ 474.28 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 LIBERTSHOE 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 LIBERTSHOE

Downside Targets Value in ₹
Tomorrow Down Target 1 502
Tomorrow Down Target 2 516
Tomorrow Down Target 3 527

Important Levels for LIBERTSHOE

Holding Levels Value in ₹
Tomorrow Up Target 1 477
Tomorrow Up Target 2 466
Tomorrow Up Target 3 452
Based on where the stock opens tomorrow, if LIBERTSHOE opens on a positive note, our first target will be ₹502. If Target 1 is achieved, we will aim for Target 2 which is ₹516.

But if LIBERTSHOE falls below the average value of ₹491.13, you can enter a sell side position with target number 1 - ₹477 and second target - ₹466 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 LIBERTSHOE

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

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

Tomorrow's Volume based share price Forecast for LIBERTSHOE

LIBERTSHOE's Volume is currently in a Decreasing 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 39%.

Reversal detection for LIBERTSHOE

Predicted trend chart of LIBERTSHOE tomorrow for price forecast
LIBERTSHOE may trend may continue to be bearish since stock is making lower low and we can get target of ₹498 in morning tomorrow
Target 1 tomorrow501
Target 2 tomorrow507
Target 3 tomorrow516
 

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 LIBERTSHOE'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 LIBERTSHOE opens on a positive note, our first target will be ₹502.27. If Target 1 is achieved, we will aim for Target 2 which is ₹516.13.

But if LIBERTSHOE falls below the average value of ₹491.13, you can enter a sell side position with target number 1 - ₹477.27 and second target - ₹466.13

LIBERTSHOE's Weekly Targets
1st Up Target 526.43
2nd Up Target 564.47
1st Down Target 446.18
2nd Down Target 403.97

As the week for LIBERTSHOE ended on bullish sentiments, we can expect further continuation of this sentiment. LIBERTSHOE's initial target will be 526.43 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 446.18 in the upcoming week.

Weekly OHLC Values
Open 454.00
High 522.25
Low 442.00
Close 488.40

Week for LIBERTSHOE started with an open price of 454.00, and the close was at 488.40. LIBERTSHOE reached the highest of 522.25 and dipped lowest up to 442.00 last week. This indicates a bullish sentiment for the week.

LIBERTSHOE full month swing targets
Monthly Up Target 1 606.68
Monthly Up Target 2 644.72
Monthly Down Target 1 365.93
Monthly Down Target 2 243.47

Targets of ₹606.68 can be expected to be reached in the coming month. Once LIBERTSHOE achieved this target, we can aim for the next upside target of ₹644.72.

LIBERTSHOE if fails to hold upside, down targets of ₹365.93 and ₹243.47 can be achieved by end of this month.

For complete three weeks if LIBERTSHOE 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 LIBERTSHOE

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

LIBERTSHOE is expected to reach the target of 502.27 in tomorrow's trading session.

After achieving the initial target in LIBERTSHOE, we will aim for higher targets of 516.13 tomorrow.

However, if LIBERTSHOE starts to trade below ₹491.13, then we will shift our focus to the sell side and aim for down targets of 477.27 and 466.13.