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

Aeroflex Industries Limited

Symbol: NSE:AEROFLEX

ISIN: N/A

142.10

As on 2024-04-19

115.00 (52W Low) 196.35 (52W High)

AEROFLEX's Today's Performance

Aeroflex Industries Limited started the day by opening at 143.00 today 2024-04-19. Its shares reached a high of 144.40 and dipped to a low of 138.90 in intraday. When the markets closed, AEROFLEX’s stock price settled at ₹142.10 per share. Also check out its key support and resistance levels.

AEROFLEX Buy/Sell Targets

Tomorrow, sell AEROFLEX when its price reaches ₹ 142.10 with a stop-loss order at ₹ 144.92. You can set the target price as ₹ 139.28 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 AEROFLEX 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 AEROFLEX

Downside Targets Value in ₹
Tomorrow Down Target 1 145
Tomorrow Down Target 2 147
Tomorrow Down Target 3 150

Important Levels for AEROFLEX

Holding Levels Value in ₹
Tomorrow Up Target 1 139
Tomorrow Up Target 2 136
Tomorrow Up Target 3 134
Based on where the stock opens tomorrow, if AEROFLEX opens on a positive note, our first target will be ₹145. If Target 1 is achieved, we will aim for Target 2 which is ₹147.

But if AEROFLEX falls below the average value of ₹141.80, you can enter a sell side position with target number 1 - ₹139 and second target - ₹136 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 AEROFLEX

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

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

Tomorrow's Volume based share price Forecast for AEROFLEX

AEROFLEX'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 738%.

Reversal detection for AEROFLEX

Predicted trend chart of AEROFLEX tomorrow for price forecast
AEROFLEX may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹145 in morning tomorrow
Target 1 tomorrow144
Target 2 tomorrow145
Target 3 tomorrow147
 

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 AEROFLEX'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 AEROFLEX opens on a positive note, our first target will be ₹144.70. If Target 1 is achieved, we will aim for Target 2 which is ₹147.30.

But if AEROFLEX falls below the average value of ₹141.80, you can enter a sell side position with target number 1 - ₹139.20 and second target - ₹136.30

AEROFLEX's Weekly Targets
1st Up Target 148.02
2nd Up Target 153.93
1st Down Target 136.37
2nd Down Target 130.63

As the week for AEROFLEX ended on bullish sentiments, we can expect further continuation of this sentiment. AEROFLEX's initial target will be 148.02 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 136.37 in the upcoming week.

Weekly OHLC Values
Open 140.40
High 148.20
Low 136.55
Close 142.10

Week for AEROFLEX started with an open price of 140.40, and the close was at 142.10. AEROFLEX reached the highest of 148.20 and dipped lowest up to 136.55 last week. This indicates a bullish sentiment for the week.

AEROFLEX full month swing targets
Monthly Up Target 1 159.67
Monthly Up Target 2 165.58
Monthly Down Target 1 124.72
Monthly Down Target 2 107.33

Targets of ₹159.67 can be expected to be reached in the coming month. Once AEROFLEX achieved this target, we can aim for the next upside target of ₹165.58.

AEROFLEX if fails to hold upside, down targets of ₹124.72 and ₹107.33 can be achieved by end of this month.

For complete three weeks if AEROFLEX 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 AEROFLEX

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BEL Bharat Electronics Limited Aerospace & Defense

Summary

AEROFLEX is expected to reach the target of 144.70 in tomorrow's trading session.

After achieving the initial target in AEROFLEX, we will aim for higher targets of 147.30 tomorrow.

However, if AEROFLEX starts to trade below ₹141.80, then we will shift our focus to the sell side and aim for down targets of 139.20 and 136.30.