Price and trend forecast of RAMKY for Tomorrow, Weekly, Monthly
Ramky Infrastructure Limited
Symbol: NSE:RAMKY
ISIN: INE874I01013
603.55
As on 2024-12-20
RAMKY's Today's Performance
Ramky Infrastructure Limited started the day by opening at 620.10 today 2024-12-20. Its shares reached a high of 630.45 and dipped to a low of 600.75 in intraday. When the markets closed, RAMKY’s stock price settled at ₹603.55 per share. Also check out its key support and resistance levels.
RAMKY Buy/Sell Targets
Tomorrow, sell RAMKY when its price reaches ₹ 603.55 with a stop-loss order at ₹ 617.18. You can set the target price as ₹ 589.93 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 RAMKY 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 RAMKY
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 622 |
| Tomorrow Down Target 2 | 641 |
| Tomorrow Down Target 3 | 652 |
Important Levels for RAMKY
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 593 |
| Tomorrow Up Target 2 | 582 |
| Tomorrow Up Target 3 | 563 |
Based on where the stock opens tomorrow, if RAMKY opens on a positive note, our first target will be ₹622. If Target 1 is achieved, we will aim for Target 2 which is ₹641.
But if RAMKY falls below the average value of ₹611.58, you can enter a sell side position with target number 1 - ₹593 and second target - ₹582 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 RAMKY
Looking at RAMKY, 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, RAMKY has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for RAMKY is moderate bearish.
Tomorrow's Volume based share price Forecast for RAMKY
RAMKY'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 26%.
Reversal detection for RAMKY
RAMKY may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹628 in morning tomorrow
| Target 1 tomorrow | 623 |
| Target 2 tomorrow | 630 |
| Target 3 tomorrow | 641 |
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 RAMKY'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 RAMKY opens on a positive note, our first target will be ₹622.42. If Target 1 is achieved, we will aim for Target 2 which is ₹641.28.
But if RAMKY falls below the average value of ₹611.58, you can enter a sell side position with target number 1 - ₹592.72 and second target - ₹581.88
RAMKY's Weekly Targets
| 1st Up Target | 642.78 |
| 2nd Up Target | 682.02 |
| 1st Down Target | 582.53 |
| 2nd Down Target | 561.52 |
As the week for RAMKY ended on bearish sentiments, we can expect further continuation of this sentiment. RAMKY's initial target will be 642.78 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 582.53 in the upcoming week.
Weekly OHLC Values
| Open | 643.35 |
| High | 661.00 |
| Low | 600.75 |
| Close | 603.55 |
Week for RAMKY started with an open price of 643.35, and the close was at 603.55. RAMKY reached the highest of 661.00 and dipped lowest up to 600.75 last week. This indicates a bearish sentiment for the week.
RAMKY full month swing targets
| Monthly Up Target 1 | 703.03 |
| Monthly Up Target 2 | 742.27 |
| Monthly Down Target 1 | 522.28 |
| Monthly Down Target 2 | 441.02 |
Targets of ₹703.03 can be expected to be reached in the coming month. Once RAMKY achieved this target, we can aim for the next upside target of ₹742.27.
RAMKY if fails to hold upside, down targets of ₹522.28 and ₹441.02 can be achieved by end of this month.
For complete three weeks if RAMKY 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 RAMKY
| Symbol | Name | Industry |
|---|---|---|
| LT | Larsen & Toubro Limited | Engineering & Construction |
| ADANIPORTS | Adani Ports and Special Economic Zone Limited | Marine Shipping |
| HAL | Hindustan Aeronautics Limited | Aerospace & Defense |
| SIEMENS | Siemens Limited | Specialty Industrial Machinery |
| BEL | Bharat Electronics Limited | Aerospace & Defense |
Summary
RAMKY is expected to reach the target of 622.42 in tomorrow's trading session.
After achieving the initial target in RAMKY, we will aim for higher targets of 641.28 tomorrow.
However, if RAMKY starts to trade below ₹611.58, then we will shift our focus to the sell side and aim for down targets of 592.72 and 581.88.