Stock Information Portal

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

ADF Foods Limited

Symbol: NSE:ADFFOODS

ISIN: INE982B01019

293.00

As on 2024-11-08

179.00 (52W Low) 324.50 (52W High)

ADFFOODS's Today's Performance

ADF Foods Limited started the day by opening at 304.15 today 2024-11-08. Its shares reached a high of 306.20 and dipped to a low of 291.05 in intraday. When the markets closed, ADFFOODS’s stock price settled at ₹293.00 per share. Also check out its key support and resistance levels.

ADFFOODS Buy/Sell Targets

Tomorrow, sell ADFFOODS when its price reaches ₹ 293.00 with a stop-loss order at ₹ 299.24. You can set the target price as ₹ 286.76 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 ADFFOODS 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 ADFFOODS

Downside Targets Value in ₹
Tomorrow Down Target 1 302
Tomorrow Down Target 2 312
Tomorrow Down Target 3 318

Important Levels for ADFFOODS

Holding Levels Value in ₹
Tomorrow Up Target 1 287
Tomorrow Up Target 2 282
Tomorrow Up Target 3 272
Based on where the stock opens tomorrow, if ADFFOODS opens on a positive note, our first target will be ₹302. If Target 1 is achieved, we will aim for Target 2 which is ₹312.

But if ADFFOODS falls below the average value of ₹296.75, you can enter a sell side position with target number 1 - ₹287 and second target - ₹282 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 ADFFOODS

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

Based on this, the predicted sentiment for ADFFOODS is moderate bullish.

Tomorrow's Volume based share price Forecast for ADFFOODS

ADFFOODS's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is -22%.

Reversal detection for ADFFOODS

Predicted trend chart of ADFFOODS tomorrow for price forecast
ADFFOODS may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹307 in morning tomorrow
Target 1 tomorrow303
Target 2 tomorrow306
Target 3 tomorrow312
 

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 ADFFOODS'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 ADFFOODS opens on a positive note, our first target will be ₹302.45. If Target 1 is achieved, we will aim for Target 2 which is ₹311.90.

But if ADFFOODS falls below the average value of ₹296.75, you can enter a sell side position with target number 1 - ₹287.30 and second target - ₹281.60

ADFFOODS's Weekly Targets
1st Up Target 308.32
2nd Up Target 323.63
1st Down Target 284.37
2nd Down Target 275.73

As the week for ADFFOODS ended on bearish sentiments, we can expect further continuation of this sentiment. ADFFOODS's initial target will be 308.32 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 284.37 in the upcoming week.

Weekly OHLC Values
Open 308.00
High 315.00
Low 291.05
Close 293.00

Week for ADFFOODS started with an open price of 308.00, and the close was at 293.00. ADFFOODS reached the highest of 315.00 and dipped lowest up to 291.05 last week. This indicates a bearish sentiment for the week.

ADFFOODS full month swing targets
Monthly Up Target 1 332.27
Monthly Up Target 2 347.58
Monthly Down Target 1 260.42
Monthly Down Target 2 227.83

Targets of ₹332.27 can be expected to be reached in the coming month. Once ADFFOODS achieved this target, we can aim for the next upside target of ₹347.58.

ADFFOODS if fails to hold upside, down targets of ₹260.42 and ₹227.83 can be achieved by end of this month.

For complete three weeks if ADFFOODS 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 ADFFOODS

Symbol Name Industry
ITC ITC Limited Tobacco
HINDUNILVR Hindustan Unilever Limited Household & Personal Products
DMART Avenue Supermarts Limited Discount Stores
NESTLEIND Nestle India Limited Packaged Foods
VBL Varun Beverages Limited Beverages - Non-Alcoholic

Summary

ADFFOODS is expected to reach the target of 302.45 in tomorrow's trading session.

After achieving the initial target in ADFFOODS, we will aim for higher targets of 311.90 tomorrow.

However, if ADFFOODS starts to trade below ₹296.75, then we will shift our focus to the sell side and aim for down targets of 287.30 and 281.60.