Price and trend forecast of ADSL for Tomorrow, Weekly, Monthly
Allied Digital Services Limited
Symbol: NSE:ADSL
ISIN: INE102I01027
228.37
As on 2024-07-26
ADSL's Today's Performance
Allied Digital Services Limited started the day by opening at 229.60 today 2024-07-26. Its shares reached a high of 234.90 and dipped to a low of 222.61 in intraday. When the markets closed, ADSL’s stock price settled at ₹228.37 per share. Also check out its key support and resistance levels.
ADSL Buy/Sell Targets
Tomorrow, buy ADSL when its price reaches ₹ 228.37 with a stop-loss order at ₹ 222.23. You can set the target price as ₹ 234.52 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 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 | 235 |
| Tomorrow Down Target 2 | 241 |
| Tomorrow Down Target 3 | 247 |
Important Levels for ADSL
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 222 |
| Tomorrow Up Target 2 | 216 |
| Tomorrow Up Target 3 | 210 |
Based on where the stock opens tomorrow, if ADSL opens on a positive note, our first target will be ₹235. If Target 1 is achieved, we will aim for Target 2 which is ₹241.
But if ADSL falls below the average value of ₹228.63, you can enter a sell side position with target number 1 - ₹222 and second target - ₹216 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 Upward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for ADSL is moderate bullish.
Tomorrow's Volume based share price Forecast for ADSL
ADSL's Volume is currently in a Decreasing 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 -73%.
Reversal detection for ADSL
ADSL may trend may continue to be bullish since stock is making higher highs and we can get target of ₹227 in morning tomorrow
| Target 1 tomorrow | 233 |
| Target 2 tomorrow | 236 |
| Target 3 tomorrow | 241 |
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 ₹234.64. If Target 1 is achieved, we will aim for Target 2 which is ₹240.92.
But if ADSL falls below the average value of ₹228.63, you can enter a sell side position with target number 1 - ₹222.35 and second target - ₹216.34
ADSL's Weekly Targets
| 1st Up Target | 241.58 |
| 2nd Up Target | 254.79 |
| 1st Down Target | 208.58 |
| 2nd Down Target | 188.79 |
As the week for ADSL ended on bullish sentiments, we can expect further continuation of this sentiment. ADSL's initial target will be 241.58 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 208.58 in the upcoming week.
Weekly OHLC Values
| Open | 216.50 |
| High | 235.00 |
| Low | 202.00 |
| Close | 228.37 |
Week for ADSL started with an open price of 216.50, and the close was at 228.37. ADSL reached the highest of 235.00 and dipped lowest up to 202.00 last week. This indicates a bullish sentiment for the week.
ADSL full month swing targets
| Monthly Up Target 1 | 274.58 |
| Monthly Up Target 2 | 287.79 |
| Monthly Down Target 1 | 175.58 |
| Monthly Down Target 2 | 122.79 |
Targets of ₹274.58 can be expected to be reached in the coming month. Once ADSL achieved this target, we can aim for the next upside target of ₹287.79.
ADSL if fails to hold upside, down targets of ₹175.58 and ₹122.79 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 234.64 in tomorrow's trading session.
After achieving the initial target in ADSL, we will aim for higher targets of 240.92 tomorrow.
However, if ADSL starts to trade below ₹228.63, then we will shift our focus to the sell side and aim for down targets of 222.35 and 216.34.