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

RKEC Projects Limited

Symbol: NSE:RKEC

ISIN: INE786W01010

94.48

As on 2024-12-20

68.25 (52W Low) 148.50 (52W High)

RKEC's Today's Performance

RKEC Projects Limited started the day by opening at 100.50 today 2024-12-20. Its shares reached a high of 100.81 and dipped to a low of 93.67 in intraday. When the markets closed, RKEC’s stock price settled at ₹94.48 per share. Also check out its key support and resistance levels.

RKEC Buy/Sell Targets

Tomorrow, sell RKEC when its price reaches ₹ 94.48 with a stop-loss order at ₹ 96.77. You can set the target price as ₹ 92.19 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 RKEC 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 RKEC

Downside Targets Value in ₹
Tomorrow Down Target 1 99
Tomorrow Down Target 2 103
Tomorrow Down Target 3 106

Important Levels for RKEC

Holding Levels Value in ₹
Tomorrow Up Target 1 92
Tomorrow Up Target 2 89
Tomorrow Up Target 3 85
Based on where the stock opens tomorrow, if RKEC opens on a positive note, our first target will be ₹99. If Target 1 is achieved, we will aim for Target 2 which is ₹103.

But if RKEC falls below the average value of ₹96.32, you can enter a sell side position with target number 1 - ₹92 and second target - ₹89 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 RKEC

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

Based on this, the predicted sentiment for RKEC is strong bearish.

Tomorrow's Volume based share price Forecast for RKEC

RKEC's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a strong bearish trend. Volume trend strength over the last month compared to the last week is 140%.

Reversal detection for RKEC

Predicted trend chart of RKEC tomorrow for price forecast
RKEC may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹98 in morning tomorrow
Target 1 tomorrow99
Target 2 tomorrow101
Target 3 tomorrow103
 

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 RKEC'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 RKEC opens on a positive note, our first target will be ₹98.97. If Target 1 is achieved, we will aim for Target 2 which is ₹103.46.

But if RKEC falls below the average value of ₹96.32, you can enter a sell side position with target number 1 - ₹91.83 and second target - ₹89.18

RKEC's Weekly Targets
1st Up Target 99.63
2nd Up Target 104.78
1st Down Target 91.50
2nd Down Target 88.52

As the week for RKEC ended on bearish sentiments, we can expect further continuation of this sentiment. RKEC's initial target will be 99.63 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 91.50 in the upcoming week.

Weekly OHLC Values
Open 100.00
High 101.80
Low 93.67
Close 94.48

Week for RKEC started with an open price of 100.00, and the close was at 94.48. RKEC reached the highest of 101.80 and dipped lowest up to 93.67 last week. This indicates a bearish sentiment for the week.

RKEC full month swing targets
Monthly Up Target 1 107.76
Monthly Up Target 2 112.91
Monthly Down Target 1 83.37
Monthly Down Target 2 72.26

Targets of ₹107.76 can be expected to be reached in the coming month. Once RKEC achieved this target, we can aim for the next upside target of ₹112.91.

RKEC if fails to hold upside, down targets of ₹83.37 and ₹72.26 can be achieved by end of this month.

For complete three weeks if RKEC 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 RKEC

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SIEMENS Siemens Limited Specialty Industrial Machinery
BEL Bharat Electronics Limited Aerospace & Defense

Summary

RKEC is expected to reach the target of 98.97 in tomorrow's trading session.

After achieving the initial target in RKEC, we will aim for higher targets of 103.46 tomorrow.

However, if RKEC starts to trade below ₹96.32, then we will shift our focus to the sell side and aim for down targets of 91.83 and 89.18.