Price and trend forecast of RKEC for Tomorrow, Weekly, Monthly
RKEC Projects Limited
Symbol: NSE:RKEC
ISIN: INE786W01010
140.11
As on 2024-10-09
RKEC's Today's Performance
RKEC Projects Limited started the day by opening at 145.00 today 2024-10-09. Its shares reached a high of 145.00 and dipped to a low of 138.01 in intraday. When the markets closed, RKEC’s stock price settled at ₹140.11 per share. Also check out its key support and resistance levels.
RKEC Buy/Sell Targets
Tomorrow, buy RKEC when its price reaches ₹ 140.11 with a stop-loss order at ₹ 137.96. You can set the target price as ₹ 142.26 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 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 | 144 |
| Tomorrow Down Target 2 | 148 |
| Tomorrow Down Target 3 | 151 |
Important Levels for RKEC
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 137 |
| Tomorrow Up Target 2 | 134 |
| Tomorrow Up Target 3 | 130 |
Based on where the stock opens tomorrow, if RKEC opens on a positive note, our first target will be ₹144. If Target 1 is achieved, we will aim for Target 2 which is ₹148.
But if RKEC falls below the average value of ₹141.04, you can enter a sell side position with target number 1 - ₹137 and second target - ₹134 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 Upward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for RKEC is strong bullish.
Tomorrow's Volume based share price Forecast for RKEC
RKEC'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 140%.
Reversal detection for RKEC
RKEC may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹137 in morning tomorrow
| Target 1 tomorrow | 144 |
| Target 2 tomorrow | 145 |
| Target 3 tomorrow | 148 |
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 ₹144.07. If Target 1 is achieved, we will aim for Target 2 which is ₹148.03.
But if RKEC falls below the average value of ₹141.04, you can enter a sell side position with target number 1 - ₹137.08 and second target - ₹134.05
RKEC's Weekly Targets
| 1st Up Target | 145.94 |
| 2nd Up Target | 151.78 |
| 1st Down Target | 133.33 |
| 2nd Down Target | 126.56 |
As the week for RKEC ended on bullish sentiments, we can expect further continuation of this sentiment. RKEC's initial target will be 145.94 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 133.33 in the upcoming week.
Weekly OHLC Values
| Open | 132.39 |
| High | 145.00 |
| Low | 132.39 |
| Close | 140.11 |
Week for RKEC started with an open price of 132.39, and the close was at 140.11. RKEC reached the highest of 145.00 and dipped lowest up to 132.39 last week. This indicates a bullish sentiment for the week.
RKEC full month swing targets
| Monthly Up Target 1 | 158.55 |
| Monthly Up Target 2 | 164.39 |
| Monthly Down Target 1 | 120.72 |
| Monthly Down Target 2 | 101.34 |
Targets of ₹158.55 can be expected to be reached in the coming month. Once RKEC achieved this target, we can aim for the next upside target of ₹164.39.
RKEC if fails to hold upside, down targets of ₹120.72 and ₹101.34 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
| 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
RKEC is expected to reach the target of 144.07 in tomorrow's trading session.
After achieving the initial target in RKEC, we will aim for higher targets of 148.03 tomorrow.
However, if RKEC starts to trade below ₹141.04, then we will shift our focus to the sell side and aim for down targets of 137.08 and 134.05.