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

Lyka Labs Limited

Symbol: NSE:LYKALABS

ISIN: INE933A01014

141.18

As on 2024-10-09

97.90 (52W Low) 172.50 (52W High)

LYKALABS's Today's Performance

Lyka Labs Limited started the day by opening at 145.00 today 2024-10-09. Its shares reached a high of 147.40 and dipped to a low of 140.30 in intraday. When the markets closed, LYKALABS’s stock price settled at ₹141.18 per share. Also check out its key support and resistance levels.

LYKALABS Buy/Sell Targets

Tomorrow, sell LYKALABS when its price reaches ₹ 141.18 with a stop-loss order at ₹ 148.56. You can set the target price as ₹ 133.80 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 LYKALABS 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 LYKALABS

Downside Targets Value in ₹
Tomorrow Down Target 1 146
Tomorrow Down Target 2 150
Tomorrow Down Target 3 153

Important Levels for LYKALABS

Holding Levels Value in ₹
Tomorrow Up Target 1 139
Tomorrow Up Target 2 136
Tomorrow Up Target 3 131
Based on where the stock opens tomorrow, if LYKALABS opens on a positive note, our first target will be ₹146. If Target 1 is achieved, we will aim for Target 2 which is ₹150.

But if LYKALABS falls below the average value of ₹142.96, you can enter a sell side position with target number 1 - ₹139 and second target - ₹136 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 LYKALABS

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

Based on this, the predicted sentiment for LYKALABS is moderate bearish.

Tomorrow's Volume based share price Forecast for LYKALABS

LYKALABS's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is -74%.

Reversal detection for LYKALABS

Predicted trend chart of LYKALABS tomorrow for price forecast
LYKALABS may trend may continue to be bearish since stock is making lower low and we can get target of ₹140 in morning tomorrow
Target 1 tomorrow146
Target 2 tomorrow147
Target 3 tomorrow150
 

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 LYKALABS'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 LYKALABS opens on a positive note, our first target will be ₹145.62. If Target 1 is achieved, we will aim for Target 2 which is ₹150.06.

But if LYKALABS falls below the average value of ₹142.96, you can enter a sell side position with target number 1 - ₹138.52 and second target - ₹135.86

LYKALABS's Weekly Targets
1st Up Target 152.49
2nd Up Target 163.80
1st Down Target 126.18
2nd Down Target 111.18

As the week for LYKALABS ended on bullish sentiments, we can expect further continuation of this sentiment. LYKALABS's initial target will be 152.49 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 126.18 in the upcoming week.

Weekly OHLC Values
Open 137.00
High 148.80
Low 122.49
Close 141.18

Week for LYKALABS started with an open price of 137.00, and the close was at 141.18. LYKALABS reached the highest of 148.80 and dipped lowest up to 122.49 last week. This indicates a bullish sentiment for the week.

LYKALABS full month swing targets
Monthly Up Target 1 178.80
Monthly Up Target 2 190.11
Monthly Down Target 1 99.87
Monthly Down Target 2 58.56

Targets of ₹178.80 can be expected to be reached in the coming month. Once LYKALABS achieved this target, we can aim for the next upside target of ₹190.11.

LYKALABS if fails to hold upside, down targets of ₹99.87 and ₹58.56 can be achieved by end of this month.

For complete three weeks if LYKALABS 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 LYKALABS

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SUNPHARMA Sun Pharmaceutical Industries Limited Drug Manufacturers - Specialty & Generic
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DRREDDY Dr. Reddy's Laboratories Limited Drug Manufacturers - Specialty & Generic
ZYDUSLIFE Zydus Lifesciences Limited Drug Manufacturers - Specialty & Generic
APOLLOHOSP Apollo Hospitals Enterprise Limited Medical Care Facilities

Summary

LYKALABS is expected to reach the target of 145.62 in tomorrow's trading session.

After achieving the initial target in LYKALABS, we will aim for higher targets of 150.06 tomorrow.

However, if LYKALABS starts to trade below ₹142.96, then we will shift our focus to the sell side and aim for down targets of 138.52 and 135.86.