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

Lyka Labs Limited

Symbol: NSE:LYKALABS

ISIN: INE933A01014

128.85

As on 2024-04-19

88.50 (52W Low) 144.30 (52W High)

LYKALABS's Today's Performance

Lyka Labs Limited started the day by opening at 128.35 today 2024-04-19. Its shares reached a high of 131.00 and dipped to a low of 125.00 in intraday. When the markets closed, LYKALABS’s stock price settled at ₹128.85 per share. Also check out its key support and resistance levels.

LYKALABS Buy/Sell Targets

Tomorrow, buy LYKALABS when its price reaches ₹ 128.85 with a stop-loss order at ₹ 125.28. You can set the target price as ₹ 132.42 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 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 1 132
Tomorrow Down Target 2 134
Tomorrow Down Target 3 138

Important Levels for LYKALABS

Holding Levels Value in ₹
Tomorrow Up Target 1 126
Tomorrow Up Target 2 122
Tomorrow Up Target 3 120
Based on where the stock opens tomorrow, if LYKALABS opens on a positive note, our first target will be ₹132. If Target 1 is achieved, we will aim for Target 2 which is ₹134.

But if LYKALABS falls below the average value of ₹128.28, you can enter a sell side position with target number 1 - ₹126 and second target - ₹122 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 Upward path, giving us insights how its value changes in the market.

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

Tomorrow's Volume based share price Forecast for LYKALABS

LYKALABS'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 -74%.

Reversal detection for LYKALABS

Predicted trend chart of LYKALABS tomorrow for price forecast
LYKALABS may trend may continue to be bullish since stock is making higher highs and we can get target of ₹130 in morning tomorrow
Target 1 tomorrow131
Target 2 tomorrow132
Target 3 tomorrow134
 

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 ₹131.57. If Target 1 is achieved, we will aim for Target 2 which is ₹134.28.

But if LYKALABS falls below the average value of ₹128.28, you can enter a sell side position with target number 1 - ₹125.57 and second target - ₹122.28

LYKALABS's Weekly Targets
1st Up Target 136.10
2nd Up Target 143.35
1st Down Target 119.90
2nd Down Target 110.95

As the week for LYKALABS ended on bullish sentiments, we can expect further continuation of this sentiment. LYKALABS's initial target will be 136.10 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 119.90 in the upcoming week.

Weekly OHLC Values
Open 122.00
High 134.40
Low 118.20
Close 128.85

Week for LYKALABS started with an open price of 122.00, and the close was at 128.85. LYKALABS reached the highest of 134.40 and dipped lowest up to 118.20 last week. This indicates a bullish sentiment for the week.

LYKALABS full month swing targets
Monthly Up Target 1 152.30
Monthly Up Target 2 159.55
Monthly Down Target 1 103.70
Monthly Down Target 2 78.55

Targets of ₹152.30 can be expected to be reached in the coming month. Once LYKALABS achieved this target, we can aim for the next upside target of ₹159.55.

LYKALABS if fails to hold upside, down targets of ₹103.70 and ₹78.55 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

Symbol Name Industry
SUNPHARMA Sun Pharmaceutical Industries Limited Drug Manufacturers - Specialty & Generic
CIPLA Cipla Limited Drug Manufacturers - General
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 131.57 in tomorrow's trading session.

After achieving the initial target in LYKALABS, we will aim for higher targets of 134.28 tomorrow.

However, if LYKALABS starts to trade below ₹128.28, then we will shift our focus to the sell side and aim for down targets of 125.57 and 122.28.