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

LT Foods Limited

Symbol: NSE:LTFOODS

ISIN: INE818H01020

226.90

As on 2024-05-17

159.45 (52W Low) 234.60 (52W High)

LTFOODS's Today's Performance

LT Foods Limited started the day by opening at 229.20 today 2024-05-17. Its shares reached a high of 233.90 and dipped to a low of 224.20 in intraday. When the markets closed, LTFOODS’s stock price settled at ₹226.90 per share. Also check out its key support and resistance levels.

LTFOODS Buy/Sell Targets

Tomorrow, sell LTFOODS when its price reaches ₹ 226.90 with a stop-loss order at ₹ 230.92. You can set the target price as ₹ 222.88 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 LTFOODS 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 LTFOODS

Downside Targets Value in ₹
Tomorrow Down Target 1 232
Tomorrow Down Target 2 238
Tomorrow Down Target 3 242

Important Levels for LTFOODS

Holding Levels Value in ₹
Tomorrow Up Target 1 223
Tomorrow Up Target 2 219
Tomorrow Up Target 3 213
Based on where the stock opens tomorrow, if LTFOODS opens on a positive note, our first target will be ₹232. If Target 1 is achieved, we will aim for Target 2 which is ₹238.

But if LTFOODS falls below the average value of ₹228.33, you can enter a sell side position with target number 1 - ₹223 and second target - ₹219 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 LTFOODS

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

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

Tomorrow's Volume based share price Forecast for LTFOODS

LTFOODS'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 176%.

Reversal detection for LTFOODS

Predicted trend chart of LTFOODS tomorrow for price forecast
LTFOODS may trend may continue to be bearish since stock is making lower low and we can get target of ₹228 in morning tomorrow
Target 1 tomorrow232
Target 2 tomorrow234
Target 3 tomorrow238
 

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 LTFOODS'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 LTFOODS opens on a positive note, our first target will be ₹232.47. If Target 1 is achieved, we will aim for Target 2 which is ₹238.03.

But if LTFOODS falls below the average value of ₹228.33, you can enter a sell side position with target number 1 - ₹222.77 and second target - ₹218.63

LTFOODS's Weekly Targets
1st Up Target 238.10
2nd Up Target 249.30
1st Down Target 211.50
2nd Down Target 196.10

As the week for LTFOODS ended on bullish sentiments, we can expect further continuation of this sentiment. LTFOODS's initial target will be 238.10 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 211.50 in the upcoming week.

Weekly OHLC Values
Open 215.20
High 233.90
Low 207.30
Close 226.90

Week for LTFOODS started with an open price of 215.20, and the close was at 226.90. LTFOODS reached the highest of 233.90 and dipped lowest up to 207.30 last week. This indicates a bullish sentiment for the week.

LTFOODS full month swing targets
Monthly Up Target 1 264.70
Monthly Up Target 2 275.90
Monthly Down Target 1 184.90
Monthly Down Target 2 142.90

Targets of ₹264.70 can be expected to be reached in the coming month. Once LTFOODS achieved this target, we can aim for the next upside target of ₹275.90.

LTFOODS if fails to hold upside, down targets of ₹184.90 and ₹142.90 can be achieved by end of this month.

For complete three weeks if LTFOODS 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 LTFOODS

Symbol Name Industry
ITC ITC Limited Tobacco
HINDUNILVR Hindustan Unilever Limited Household & Personal Products
DMART Avenue Supermarts Limited Discount Stores
NESTLEIND Nestle India Limited Packaged Foods
VBL Varun Beverages Limited Beverages - Non-Alcoholic

Summary

LTFOODS is expected to reach the target of 232.47 in tomorrow's trading session.

After achieving the initial target in LTFOODS, we will aim for higher targets of 238.03 tomorrow.

However, if LTFOODS starts to trade below ₹228.33, then we will shift our focus to the sell side and aim for down targets of 222.77 and 218.63.