Price and trend forecast of LOYALTEX for Tomorrow, Weekly, Monthly
Loyal Textile Mills Limited
Symbol: NSE:LOYALTEX
ISIN: INE970D01010
334.65
As on 2024-12-06
LOYALTEX's Today's Performance
Loyal Textile Mills Limited started the day by opening at 336.95 today 2024-12-06. Its shares reached a high of 337.00 and dipped to a low of 331.00 in intraday. When the markets closed, LOYALTEX’s stock price settled at ₹334.65 per share. Also check out its key support and resistance levels.
LOYALTEX Buy/Sell Targets
Tomorrow, buy LOYALTEX when its price reaches ₹ 334.65 with a stop-loss order at ₹ 328.38. You can set the target price as ₹ 340.92 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 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 | 337 |
| Tomorrow Down Target 2 | 340 |
| Tomorrow Down Target 3 | 343 |
Important Levels for LOYALTEX
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 331 |
| Tomorrow Up Target 2 | 328 |
| Tomorrow Up Target 3 | 325 |
Based on where the stock opens tomorrow, if LOYALTEX opens on a positive note, our first target will be ₹337. If Target 1 is achieved, we will aim for Target 2 which is ₹340.
But if LOYALTEX falls below the average value of ₹334.22, you can enter a sell side position with target number 1 - ₹331 and second target - ₹328 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 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, LOYALTEX has been on a Upward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for LOYALTEX is moderate bullish.
Tomorrow's Volume based share price Forecast for LOYALTEX
LOYALTEX'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 66%.
Reversal detection for LOYALTEX
LOYALTEX may trend may continue to be bullish since stock is making higher highs and we can get target of ₹331 in morning tomorrow
| Target 1 tomorrow | 337 |
| Target 2 tomorrow | 338 |
| Target 3 tomorrow | 340 |
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 ₹337.43. If Target 1 is achieved, we will aim for Target 2 which is ₹340.22.
But if LOYALTEX falls below the average value of ₹334.22, you can enter a sell side position with target number 1 - ₹331.43 and second target - ₹328.22
LOYALTEX's Weekly Targets
| 1st Up Target | 344.77 |
| 2nd Up Target | 354.88 |
| 1st Down Target | 316.77 |
| 2nd Down Target | 298.88 |
As the week for LOYALTEX ended on bullish sentiments, we can expect further continuation of this sentiment. LOYALTEX's initial target will be 344.77 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 316.77 in the upcoming week.
Weekly OHLC Values
| Open | 310.00 |
| High | 337.00 |
| Low | 309.00 |
| Close | 334.65 |
Week for LOYALTEX started with an open price of 310.00, and the close was at 334.65. LOYALTEX reached the highest of 337.00 and dipped lowest up to 309.00 last week. This indicates a bullish sentiment for the week.
LOYALTEX full month swing targets
| Monthly Up Target 1 | 372.77 |
| Monthly Up Target 2 | 382.88 |
| Monthly Down Target 1 | 288.77 |
| Monthly Down Target 2 | 242.88 |
Targets of ₹372.77 can be expected to be reached in the coming month. Once LOYALTEX achieved this target, we can aim for the next upside target of ₹382.88.
LOYALTEX if fails to hold upside, down targets of ₹288.77 and ₹242.88 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 337.43 in tomorrow's trading session.
After achieving the initial target in LOYALTEX, we will aim for higher targets of 340.22 tomorrow.
However, if LOYALTEX starts to trade below ₹334.22, then we will shift our focus to the sell side and aim for down targets of 331.43 and 328.22.