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

Aditya Birla Capital Limited

Symbol: NSE:ABCAPITAL

ISIN: INE674K01013

225.65

As on 2024-05-17

155.00 (52W Low) 243.70 (52W High)

ABCAPITAL's Today's Performance

Aditya Birla Capital Limited started the day by opening at 222.00 today 2024-05-17. Its shares reached a high of 229.45 and dipped to a low of 222.00 in intraday. When the markets closed, ABCAPITAL’s stock price settled at ₹225.65 per share. Also check out its key support and resistance levels.

ABCAPITAL Buy/Sell Targets

Tomorrow, buy ABCAPITAL when its price reaches ₹ 225.65 with a stop-loss order at ₹ 222.98. You can set the target price as ₹ 228.33 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 ABCAPITAL 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 ABCAPITAL

Downside Targets Value in ₹
Tomorrow Down Target 1 229
Tomorrow Down Target 2 233
Tomorrow Down Target 3 237

Important Levels for ABCAPITAL

Holding Levels Value in ₹
Tomorrow Up Target 1 222
Tomorrow Up Target 2 218
Tomorrow Up Target 3 215
Based on where the stock opens tomorrow, if ABCAPITAL opens on a positive note, our first target will be ₹229. If Target 1 is achieved, we will aim for Target 2 which is ₹233.

But if ABCAPITAL falls below the average value of ₹225.70, you can enter a sell side position with target number 1 - ₹222 and second target - ₹218 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 ABCAPITAL

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

Based on this, the predicted sentiment for ABCAPITAL is strong bullish.

Tomorrow's Volume based share price Forecast for ABCAPITAL

ABCAPITAL'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 51%.

Reversal detection for ABCAPITAL

Predicted trend chart of ABCAPITAL tomorrow for price forecast
ABCAPITAL may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹221 in morning tomorrow
Target 1 tomorrow229
Target 2 tomorrow230
Target 3 tomorrow233
 

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 ABCAPITAL'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 ABCAPITAL opens on a positive note, our first target will be ₹229.40. If Target 1 is achieved, we will aim for Target 2 which is ₹233.15.

But if ABCAPITAL falls below the average value of ₹225.70, you can enter a sell side position with target number 1 - ₹221.95 and second target - ₹218.25

ABCAPITAL's Weekly Targets
1st Up Target 233.40
2nd Up Target 241.15
1st Down Target 213.95
2nd Down Target 202.25

As the week for ABCAPITAL ended on bullish sentiments, we can expect further continuation of this sentiment. ABCAPITAL's initial target will be 233.40 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 213.95 in the upcoming week.

Weekly OHLC Values
Open 216.05
High 229.45
Low 210.00
Close 225.65

Week for ABCAPITAL started with an open price of 216.05, and the close was at 225.65. ABCAPITAL reached the highest of 229.45 and dipped lowest up to 210.00 last week. This indicates a bullish sentiment for the week.

ABCAPITAL full month swing targets
Monthly Up Target 1 252.85
Monthly Up Target 2 260.60
Monthly Down Target 1 194.50
Monthly Down Target 2 163.35

Targets of ₹252.85 can be expected to be reached in the coming month. Once ABCAPITAL achieved this target, we can aim for the next upside target of ₹260.60.

ABCAPITAL if fails to hold upside, down targets of ₹194.50 and ₹163.35 can be achieved by end of this month.

For complete three weeks if ABCAPITAL 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.

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Summary

ABCAPITAL is expected to reach the target of 229.40 in tomorrow's trading session.

After achieving the initial target in ABCAPITAL, we will aim for higher targets of 233.15 tomorrow.

However, if ABCAPITAL starts to trade below ₹225.70, then we will shift our focus to the sell side and aim for down targets of 221.95 and 218.25.