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

Alicon Castalloy Limited

Symbol: NSE:ALICON

ISIN: INE062D01024

932.05

As on 2025-01-22

775.55 (52W Low) 1,541.90 (52W High)

ALICON's Today's Performance

Alicon Castalloy Limited started the day by opening at 952.10 today 2025-01-22. Its shares reached a high of 952.10 and dipped to a low of 921.85 in intraday. When the markets closed, ALICON’s stock price settled at ₹932.05 per share. Also check out its key support and resistance levels.

ALICON Buy/Sell Targets

Tomorrow, sell ALICON when its price reaches ₹ 932.05 with a stop-loss order at ₹ 945.40. You can set the target price as ₹ 918.70 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 ALICON 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 ALICON

Downside Targets Value in ₹
Tomorrow Down Target 1 949
Tomorrow Down Target 2 966
Tomorrow Down Target 3 979

Important Levels for ALICON

Holding Levels Value in ₹
Tomorrow Up Target 1 919
Tomorrow Up Target 2 905
Tomorrow Up Target 3 888
Based on where the stock opens tomorrow, if ALICON opens on a positive note, our first target will be ₹949. If Target 1 is achieved, we will aim for Target 2 which is ₹966.

But if ALICON falls below the average value of ₹935.33, you can enter a sell side position with target number 1 - ₹919 and second target - ₹905 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 ALICON

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

Based on this, the predicted sentiment for ALICON is moderate bearish.

Tomorrow's Volume based share price Forecast for ALICON

ALICON'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 249%.

Reversal detection for ALICON

Predicted trend chart of ALICON tomorrow for price forecast
ALICON may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹953 in morning tomorrow
Target 1 tomorrow947
Target 2 tomorrow954
Target 3 tomorrow966
 

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 ALICON'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 ALICON opens on a positive note, our first target will be ₹948.82. If Target 1 is achieved, we will aim for Target 2 which is ₹965.58.

But if ALICON falls below the average value of ₹935.33, you can enter a sell side position with target number 1 - ₹918.57 and second target - ₹905.08

ALICON's Weekly Targets
1st Up Target 960.72
2nd Up Target 989.38
1st Down Target 912.62
2nd Down Target 893.18

As the week for ALICON ended on bearish sentiments, we can expect further continuation of this sentiment. ALICON's initial target will be 960.72 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 912.62 in the upcoming week.

Weekly OHLC Values
Open 950.55
High 969.95
Low 921.85
Close 932.05

Week for ALICON started with an open price of 950.55, and the close was at 932.05. ALICON reached the highest of 969.95 and dipped lowest up to 921.85 last week. This indicates a bearish sentiment for the week.

ALICON full month swing targets
Monthly Up Target 1 1,008.82
Monthly Up Target 2 1,037.48
Monthly Down Target 1 864.52
Monthly Down Target 2 796.98

Targets of ₹1,008.82 can be expected to be reached in the coming month. Once ALICON achieved this target, we can aim for the next upside target of ₹1,037.48.

ALICON if fails to hold upside, down targets of ₹864.52 and ₹796.98 can be achieved by end of this month.

For complete three weeks if ALICON 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

ALICON is expected to reach the target of 948.82 in tomorrow's trading session.

After achieving the initial target in ALICON, we will aim for higher targets of 965.58 tomorrow.

However, if ALICON starts to trade below ₹935.33, then we will shift our focus to the sell side and aim for down targets of 918.57 and 905.08.