Price and trend forecast of STOVEKRAFT for Tomorrow, Weekly, Monthly
Stove Kraft Limited
Symbol: NSE:STOVEKRAFT
ISIN: INE00IN01015
808.65
As on 2024-12-06
STOVEKRAFT's Today's Performance
Stove Kraft Limited started the day by opening at 818.00 today 2024-12-06. Its shares reached a high of 818.00 and dipped to a low of 802.60 in intraday. When the markets closed, STOVEKRAFT’s stock price settled at ₹808.65 per share. Also check out its key support and resistance levels.
STOVEKRAFT Buy/Sell Targets
Tomorrow, sell STOVEKRAFT when its price reaches ₹ 808.65 with a stop-loss order at ₹ 817.78. You can set the target price as ₹ 799.53 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 STOVEKRAFT 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 STOVEKRAFT
Downside Targets | Value in ₹ |
---|---|
Tomorrow Down Target 1 | 817 |
Tomorrow Down Target 2 | 825 |
Tomorrow Down Target 3 | 832 |
Important Levels for STOVEKRAFT
Holding Levels | Value in ₹ |
---|---|
Tomorrow Up Target 1 | 802 |
Tomorrow Up Target 2 | 794 |
Tomorrow Up Target 3 | 786 |
Based on where the stock opens tomorrow, if STOVEKRAFT opens on a positive note, our first target will be ₹817. If Target 1 is achieved, we will aim for Target 2 which is ₹825.
But if STOVEKRAFT falls below the average value of ₹809.75, you can enter a sell side position with target number 1 - ₹802 and second target - ₹794 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 STOVEKRAFT
Looking at STOVEKRAFT, 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, STOVEKRAFT has been on a Upward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for STOVEKRAFT is strong bullish.
Tomorrow's Volume based share price Forecast for STOVEKRAFT
STOVEKRAFT'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 41%.
Reversal detection for STOVEKRAFT
STOVEKRAFT may trend may continue to be bearish since stock is making lower low and we can get target of ₹815 in morning tomorrow
Target 1 tomorrow | 816 |
Target 2 tomorrow | 819 |
Target 3 tomorrow | 825 |
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 STOVEKRAFT'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 STOVEKRAFT opens on a positive note, our first target will be ₹816.90. If Target 1 is achieved, we will aim for Target 2 which is ₹825.15.
But if STOVEKRAFT falls below the average value of ₹809.75, you can enter a sell side position with target number 1 - ₹801.50 and second target - ₹794.35
STOVEKRAFT's Weekly Targets
1st Up Target | 826.50 |
2nd Up Target | 844.35 |
1st Down Target | 796.70 |
2nd Down Target | 784.75 |
As the week for STOVEKRAFT ended on bearish sentiments, we can expect further continuation of this sentiment. STOVEKRAFT's initial target will be 826.50 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 796.70 in the upcoming week.
Weekly OHLC Values
Open | 822.60 |
High | 832.40 |
Low | 802.60 |
Close | 808.65 |
Week for STOVEKRAFT started with an open price of 822.60, and the close was at 808.65. STOVEKRAFT reached the highest of 832.40 and dipped lowest up to 802.60 last week. This indicates a bearish sentiment for the week.
STOVEKRAFT full month swing targets
Monthly Up Target 1 | 856.30 |
Monthly Up Target 2 | 874.15 |
Monthly Down Target 1 | 766.90 |
Monthly Down Target 2 | 725.15 |
Targets of ₹856.30 can be expected to be reached in the coming month. Once STOVEKRAFT achieved this target, we can aim for the next upside target of ₹874.15.
STOVEKRAFT if fails to hold upside, down targets of ₹766.90 and ₹725.15 can be achieved by end of this month.
For complete three weeks if STOVEKRAFT 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 STOVEKRAFT
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MARUTI | Maruti Suzuki India Limited | Auto Manufacturers |
TATAMTRDVR | Tata Motors Limited | Auto Manufacturers |
TATAMOTORS | Tata Motors Limited | Auto Manufacturers |
TITAN | Titan Company Limited | Luxury Goods |
BAJAJ-AUTO | Bajaj Auto Limited | Auto Manufacturers |
Summary
STOVEKRAFT is expected to reach the target of 816.90 in tomorrow's trading session.
After achieving the initial target in STOVEKRAFT, we will aim for higher targets of 825.15 tomorrow.
However, if STOVEKRAFT starts to trade below ₹809.75, then we will shift our focus to the sell side and aim for down targets of 801.50 and 794.35.