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

Lloyds Engineering Works Limited

Symbol: NSE:LLOYDSENGG

ISIN: INE093R01011

63.00

As on 2024-05-27

39.60 (52W Low) 73.20 (52W High)

LLOYDSENGG's Today's Performance

Lloyds Engineering Works Limited started the day by opening at 63.00 today 2024-05-27. Its shares reached a high of 63.95 and dipped to a low of 62.25 in intraday. When the markets closed, LLOYDSENGG’s stock price settled at ₹63.00 per share. Also check out its key support and resistance levels.

LLOYDSENGG Buy/Sell Targets

Tomorrow, buy LLOYDSENGG when its price reaches ₹ 63.00 with a stop-loss order at ₹ 61.83. You can set the target price as ₹ 64.17 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 LLOYDSENGG 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 LLOYDSENGG

Downside Targets Value in ₹
Tomorrow Down Target 1 64
Tomorrow Down Target 2 65
Tomorrow Down Target 3 66

Important Levels for LLOYDSENGG

Holding Levels Value in ₹
Tomorrow Up Target 1 62
Tomorrow Up Target 2 61
Tomorrow Up Target 3 60
Based on where the stock opens tomorrow, if LLOYDSENGG opens on a positive note, our first target will be ₹64. If Target 1 is achieved, we will aim for Target 2 which is ₹65.

But if LLOYDSENGG falls below the average value of ₹63.07, you can enter a sell side position with target number 1 - ₹62 and second target - ₹61 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 LLOYDSENGG

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

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

Tomorrow's Volume based share price Forecast for LLOYDSENGG

LLOYDSENGG'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 43%.

Reversal detection for LLOYDSENGG

Predicted trend chart of LLOYDSENGG tomorrow for price forecast
LLOYDSENGG may trend may continue to be bullish since stock is making higher highs and we can get target of ₹63 in morning tomorrow
Target 1 tomorrow64
Target 2 tomorrow64
Target 3 tomorrow65
 

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 LLOYDSENGG'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 LLOYDSENGG opens on a positive note, our first target will be ₹63.88. If Target 1 is achieved, we will aim for Target 2 which is ₹64.77.

But if LLOYDSENGG falls below the average value of ₹63.07, you can enter a sell side position with target number 1 - ₹62.18 and second target - ₹61.37

LLOYDSENGG's Weekly Targets
1st Up Target 63.88
2nd Up Target 64.77
1st Down Target 62.18
2nd Down Target 61.37

As the week for LLOYDSENGG ended on bearish sentiments, we can expect further continuation of this sentiment. LLOYDSENGG's initial target will be 63.88 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 62.18 in the upcoming week.

Weekly OHLC Values
Open 63.00
High 63.95
Low 62.25
Close 63.00

Week for LLOYDSENGG started with an open price of 63.00, and the close was at 63.00. LLOYDSENGG reached the highest of 63.95 and dipped lowest up to 62.25 last week. This indicates a bearish sentiment for the week.

LLOYDSENGG full month swing targets
Monthly Up Target 1 65.58
Monthly Up Target 2 66.47
Monthly Down Target 1 60.48
Monthly Down Target 2 57.97

Targets of ₹65.58 can be expected to be reached in the coming month. Once LLOYDSENGG achieved this target, we can aim for the next upside target of ₹66.47.

LLOYDSENGG if fails to hold upside, down targets of ₹60.48 and ₹57.97 can be achieved by end of this month.

For complete three weeks if LLOYDSENGG 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 LLOYDSENGG

Symbol Name Industry
LT Larsen & Toubro Limited Engineering & Construction
ADANIPORTS Adani Ports and Special Economic Zone Limited Marine Shipping
HAL Hindustan Aeronautics Limited Aerospace & Defense
SIEMENS Siemens Limited Specialty Industrial Machinery
BEL Bharat Electronics Limited Aerospace & Defense

Summary

LLOYDSENGG is expected to reach the target of 63.88 in tomorrow's trading session.

After achieving the initial target in LLOYDSENGG, we will aim for higher targets of 64.77 tomorrow.

However, if LLOYDSENGG starts to trade below ₹63.07, then we will shift our focus to the sell side and aim for down targets of 62.18 and 61.37.