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

Allied Digital Services Limited

Symbol: NSE:ADSL

ISIN: INE102I01027

137.35

As on 2024-04-24

78.55 (52W Low) 201.25 (52W High)

ADSL's Today's Performance

Allied Digital Services Limited started the day by opening at 139.30 today 2024-04-24. Its shares reached a high of 141.95 and dipped to a low of 135.35 in intraday. When the markets closed, ADSL’s stock price settled at ₹137.35 per share. Also check out its key support and resistance levels.

ADSL Buy/Sell Targets

Tomorrow, sell ADSL when its price reaches ₹ 137.35 with a stop-loss order at ₹ 139.78. You can set the target price as ₹ 134.93 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 ADSL 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 ADSL

Downside Targets Value in ₹
Tomorrow Down Target 1 141
Tomorrow Down Target 2 145
Tomorrow Down Target 3 148

Important Levels for ADSL

Holding Levels Value in ₹
Tomorrow Up Target 1 134
Tomorrow Up Target 2 132
Tomorrow Up Target 3 128
Based on where the stock opens tomorrow, if ADSL opens on a positive note, our first target will be ₹141. If Target 1 is achieved, we will aim for Target 2 which is ₹145.

But if ADSL falls below the average value of ₹138.22, you can enter a sell side position with target number 1 - ₹134 and second target - ₹132 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 ADSL

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

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

Tomorrow's Volume based share price Forecast for ADSL

ADSL'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 -73%.

Reversal detection for ADSL

Predicted trend chart of ADSL tomorrow for price forecast
ADSL may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹139 in morning tomorrow
Target 1 tomorrow141
Target 2 tomorrow142
Target 3 tomorrow145
 

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 ADSL'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 ADSL opens on a positive note, our first target will be ₹141.08. If Target 1 is achieved, we will aim for Target 2 which is ₹144.82.

But if ADSL falls below the average value of ₹138.22, you can enter a sell side position with target number 1 - ₹134.48 and second target - ₹131.62

ADSL's Weekly Targets
1st Up Target 141.10
2nd Up Target 144.85
1st Down Target 134.45
2nd Down Target 131.55

As the week for ADSL ended on bullish sentiments, we can expect further continuation of this sentiment. ADSL's initial target will be 141.10 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 134.45 in the upcoming week.

Weekly OHLC Values
Open 135.30
High 141.95
Low 135.30
Close 137.35

Week for ADSL started with an open price of 135.30, and the close was at 137.35. ADSL reached the highest of 141.95 and dipped lowest up to 135.30 last week. This indicates a bullish sentiment for the week.

ADSL full month swing targets
Monthly Up Target 1 147.75
Monthly Up Target 2 151.50
Monthly Down Target 1 127.80
Monthly Down Target 2 118.25

Targets of ₹147.75 can be expected to be reached in the coming month. Once ADSL achieved this target, we can aim for the next upside target of ₹151.50.

ADSL if fails to hold upside, down targets of ₹127.80 and ₹118.25 can be achieved by end of this month.

For complete three weeks if ADSL 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 ADSL

Symbol Name Industry
TCS Tata Consultancy Services Limited Information Technology Services
INFY Infosys Limited Information Technology Services
CYIENTDLM Cyient DLM Limited Electronic Components
HCLTECH HCL Technologies Limited Information Technology Services
IDEAFORGE ideaForge Technology Limited Computer Hardware

Summary

ADSL is expected to reach the target of 141.08 in tomorrow's trading session.

After achieving the initial target in ADSL, we will aim for higher targets of 144.82 tomorrow.

However, if ADSL starts to trade below ₹138.22, then we will shift our focus to the sell side and aim for down targets of 134.48 and 131.62.