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

Likhitha Infrastructure Limited

Symbol: NSE:LIKHITHA

ISIN: INE060901027

255.40

As on 2024-04-12

230.15 (52W Low) 343.00 (52W High)

LIKHITHA's Today's Performance

Likhitha Infrastructure Limited started the day by opening at 255.50 today 2024-04-12. Its shares reached a high of 257.90 and dipped to a low of 251.60 in intraday. When the markets closed, LIKHITHA’s stock price settled at ₹255.40 per share. Also check out its key support and resistance levels.

LIKHITHA Buy/Sell Targets

Tomorrow, buy LIKHITHA when its price reaches ₹ 255.40 with a stop-loss order at ₹ 252.05. You can set the target price as ₹ 258.75 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 LIKHITHA 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 LIKHITHA

Resistance Levels Value in ₹
Tomorrow Resistance 1 258
Tomorrow Resistance 2 261
Tomorrow Resistance 3 265

Important Supports for LIKHITHA

Support Levels Value in ₹
Tomorrow Support 1 252
Tomorrow Support 2 249
Tomorrow Support 3 246
Based on where the stock opens tomorrow, if LIKHITHA opens on a positive note, our first target will be ₹258. If Target 1 is achieved, we will aim for Target 2 which is ₹261.

But if LIKHITHA falls below the average value of ₹254.97, you can enter a sell side position with target number 1 - ₹252 and second target - ₹249 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 LIKHITHA

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

Based on this, the predicted sentiment for LIKHITHA is strong bullish.

Tomorrow's Volume based share price Forecast for LIKHITHA

LIKHITHA'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 6%.

Reversal detection for LIKHITHA

Predicted trend chart of LIKHITHA tomorrow for price forecast
LIKHITHA may trend may continue to be bullish since stock is making higher highs and we can get target of ₹256 in morning tomorrow
Target 1 tomorrow257
Target 2 tomorrow259
Target 3 tomorrow261
 

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 LIKHITHA'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 LIKHITHA opens on a positive note, our first target will be ₹258.33. If Target 1 is achieved, we will aim for Target 2 which is ₹261.27.

But if LIKHITHA falls below the average value of ₹254.97, you can enter a sell side position with target number 1 - ₹252.03 and second target - ₹248.67

LIKHITHA's Weekly Targets
1st Up Target 260.67
2nd Up Target 265.93
1st Down Target 250.87
2nd Down Target 246.33

As the week for LIKHITHA ended on bearish sentiments, we can expect further continuation of this sentiment. LIKHITHA's initial target will be 260.67 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 250.87 in the upcoming week.

Weekly OHLC Values
Open 261.20
High 261.40
Low 251.60
Close 255.40

Week for LIKHITHA started with an open price of 261.20, and the close was at 255.40. LIKHITHA reached the highest of 261.40 and dipped lowest up to 251.60 last week. This indicates a bearish sentiment for the week.

LIKHITHA full month swing targets
Monthly Up Target 1 270.47
Monthly Up Target 2 275.73
Monthly Down Target 1 241.07
Monthly Down Target 2 226.73

Targets of ₹270.47 can be expected to be reached in the coming month. Once LIKHITHA achieved this target, we can aim for the next upside target of ₹275.73.

LIKHITHA if fails to hold upside, down targets of ₹241.07 and ₹226.73 can be achieved by end of this month.

For complete three weeks if LIKHITHA 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 LIKHITHA

Symbol Name Industry
RELIANCE Reliance Industries Limited Oil & Gas Refining & Marketing
ADANIENT Adani Enterprises Limited Thermal Coal
ONGC Oil & Natural Gas Corporation Limited Oil & Gas Integrated
COALINDIA Coal India Limited Thermal Coal
IOC Indian Oil Corporation Limited Oil & Gas Refining & Marketing

Summary

LIKHITHA is expected to reach the target of 258.33 in tomorrow's trading session.

After achieving the initial target in LIKHITHA, we will aim for higher targets of 261.27 tomorrow.

However, if LIKHITHA starts to trade below ₹254.97, then we will shift our focus to the sell side and aim for down targets of 252.03 and 248.67.