Stock Information Portal

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

Loyal Textile Mills Limited

Symbol: NSE:LOYALTEX

ISIN: INE970D01010

563.35

As on 2024-07-19

484.20 (52W Low) 774.90 (52W High)

LOYALTEX's Today's Performance

Loyal Textile Mills Limited started the day by opening at 583.75 today 2024-07-19. Its shares reached a high of 583.75 and dipped to a low of 560.00 in intraday. When the markets closed, LOYALTEX’s stock price settled at ₹563.35 per share. Also check out its key support and resistance levels.

LOYALTEX Buy/Sell Targets

Tomorrow, sell LOYALTEX when its price reaches ₹ 563.35 with a stop-loss order at ₹ 573.68. You can set the target price as ₹ 553.03 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 LOYALTEX 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 LOYALTEX

Downside Targets Value in ₹
Tomorrow Down Target 1 578
Tomorrow Down Target 2 593
Tomorrow Down Target 3 602

Important Levels for LOYALTEX

Holding Levels Value in ₹
Tomorrow Up Target 1 554
Tomorrow Up Target 2 545
Tomorrow Up Target 3 531
Based on where the stock opens tomorrow, if LOYALTEX opens on a positive note, our first target will be ₹578. If Target 1 is achieved, we will aim for Target 2 which is ₹593.

But if LOYALTEX falls below the average value of ₹569.03, you can enter a sell side position with target number 1 - ₹554 and second target - ₹545 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 LOYALTEX

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

Based on this, the predicted sentiment for LOYALTEX is strong bearish.

Tomorrow's Volume based share price Forecast for LOYALTEX

LOYALTEX's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a strong bearish trend. Volume trend strength over the last month compared to the last week is 66%.

Reversal detection for LOYALTEX

Predicted trend chart of LOYALTEX tomorrow for price forecast
LOYALTEX may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹578 in morning tomorrow
Target 1 tomorrow578
Target 2 tomorrow584
Target 3 tomorrow593
 

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 LOYALTEX'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 LOYALTEX opens on a positive note, our first target will be ₹578.07. If Target 1 is achieved, we will aim for Target 2 which is ₹592.78.

But if LOYALTEX falls below the average value of ₹569.03, you can enter a sell side position with target number 1 - ₹554.32 and second target - ₹545.28

LOYALTEX's Weekly Targets
1st Up Target 578.90
2nd Up Target 594.45
1st Down Target 553.90
2nd Down Target 544.45

As the week for LOYALTEX ended on bearish sentiments, we can expect further continuation of this sentiment. LOYALTEX's initial target will be 578.90 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 553.90 in the upcoming week.

Weekly OHLC Values
Open 565.20
High 585.00
Low 560.00
Close 563.35

Week for LOYALTEX started with an open price of 565.20, and the close was at 563.35. LOYALTEX reached the highest of 585.00 and dipped lowest up to 560.00 last week. This indicates a bearish sentiment for the week.

LOYALTEX full month swing targets
Monthly Up Target 1 603.90
Monthly Up Target 2 619.45
Monthly Down Target 1 528.90
Monthly Down Target 2 494.45

Targets of ₹603.90 can be expected to be reached in the coming month. Once LOYALTEX achieved this target, we can aim for the next upside target of ₹619.45.

LOYALTEX if fails to hold upside, down targets of ₹528.90 and ₹494.45 can be achieved by end of this month.

For complete three weeks if LOYALTEX 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 LOYALTEX

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

LOYALTEX is expected to reach the target of 578.07 in tomorrow's trading session.

After achieving the initial target in LOYALTEX, we will aim for higher targets of 592.78 tomorrow.

However, if LOYALTEX starts to trade below ₹569.03, then we will shift our focus to the sell side and aim for down targets of 554.32 and 545.28.