Price and trend forecast of ATGL for Tomorrow, Weekly, Monthly
Adani Total Gas Limited
Symbol: NSE:ATGL
ISIN: INE399L01023
763.40
As on 2024-10-04
ATGL's Today's Performance
Adani Total Gas Limited started the day by opening at 770.05 today 2024-10-04. Its shares reached a high of 778.35 and dipped to a low of 758.15 in intraday. When the markets closed, ATGL’s stock price settled at ₹763.40 per share. Also check out its key support and resistance levels.
ATGL Buy/Sell Targets
Tomorrow, sell ATGL when its price reaches ₹ 763.40 with a stop-loss order at ₹ 770.56. You can set the target price as ₹ 756.24 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 ATGL 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 ATGL
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 775 |
| Tomorrow Down Target 2 | 787 |
| Tomorrow Down Target 3 | 795 |
Important Levels for ATGL
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 755 |
| Tomorrow Up Target 2 | 746 |
| Tomorrow Up Target 3 | 735 |
Based on where the stock opens tomorrow, if ATGL opens on a positive note, our first target will be ₹775. If Target 1 is achieved, we will aim for Target 2 which is ₹787.
But if ATGL falls below the average value of ₹766.63, you can enter a sell side position with target number 1 - ₹755 and second target - ₹746 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 ATGL
Looking at ATGL, 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, ATGL has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for ATGL is moderate bearish.
Tomorrow's Volume based share price Forecast for ATGL
ATGL'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 -41%.
Reversal detection for ATGL
ATGL may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹775 in morning tomorrow
| Target 1 tomorrow | 774 |
| Target 2 tomorrow | 779 |
| Target 3 tomorrow | 787 |
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 ATGL'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 ATGL opens on a positive note, our first target will be ₹775.12. If Target 1 is achieved, we will aim for Target 2 which is ₹786.83.
But if ATGL falls below the average value of ₹766.63, you can enter a sell side position with target number 1 - ₹754.92 and second target - ₹746.43
ATGL's Weekly Targets
| 1st Up Target | 785.78 |
| 2nd Up Target | 808.17 |
| 1st Down Target | 749.58 |
| 2nd Down Target | 735.77 |
As the week for ATGL ended on bearish sentiments, we can expect further continuation of this sentiment. ATGL's initial target will be 785.78 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 749.58 in the upcoming week.
Weekly OHLC Values
| Open | 784.55 |
| High | 794.35 |
| Low | 758.15 |
| Close | 763.40 |
Week for ATGL started with an open price of 784.55, and the close was at 763.40. ATGL reached the highest of 794.35 and dipped lowest up to 758.15 last week. This indicates a bearish sentiment for the week.
ATGL full month swing targets
| Monthly Up Target 1 | 821.98 |
| Monthly Up Target 2 | 844.37 |
| Monthly Down Target 1 | 713.38 |
| Monthly Down Target 2 | 663.37 |
Targets of ₹821.98 can be expected to be reached in the coming month. Once ATGL achieved this target, we can aim for the next upside target of ₹844.37.
ATGL if fails to hold upside, down targets of ₹713.38 and ₹663.37 can be achieved by end of this month.
For complete three weeks if ATGL 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 ATGL
| Symbol | Name | Industry |
|---|---|---|
| NTPC | NTPC Limited | Utilities - Regulated Electric |
| ADANIGREEN | Adani Green Energy Limited | Utilities - Renewable |
| POWERGRID | Power Grid Corporation of India Limited | Utilities - Regulated Electric |
| ADANIPOWER | Adani Power Limited | Utilities - Independent Power Producers |
| TATAPOWER | Tata Power Company Limited | Utilities - Independent Power Producers |
Summary
ATGL is expected to reach the target of 775.12 in tomorrow's trading session.
After achieving the initial target in ATGL, we will aim for higher targets of 786.83 tomorrow.
However, if ATGL starts to trade below ₹766.63, then we will shift our focus to the sell side and aim for down targets of 754.92 and 746.43.