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

Agarwal Industrial Corporation Limited

Symbol: NSE:AGARIND

ISIN: INE204E01012

824.95

As on 2024-04-12

585.00 (52W Low) 1,155.00 (52W High)

AGARIND's Today's Performance

Agarwal Industrial Corporation Limited started the day by opening at 817.00 today 2024-04-12. Its shares reached a high of 840.00 and dipped to a low of 815.20 in intraday. When the markets closed, AGARIND’s stock price settled at ₹824.95 per share. Also check out its key support and resistance levels.

AGARIND Buy/Sell Targets

Tomorrow, buy AGARIND when its price reaches ₹ 824.95 with a stop-loss order at ₹ 808.43. You can set the target price as ₹ 841.47 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 AGARIND for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for AGARIND

Resistance Levels Value in ₹
Tomorrow Resistance 1 838
Tomorrow Resistance 2 852
Tomorrow Resistance 3 863

Important Supports for AGARIND

Support Levels Value in ₹
Tomorrow Support 1 813
Tomorrow Support 2 802
Tomorrow Support 3 789
Based on where the stock opens tomorrow, if AGARIND opens on a positive note, our first target will be ₹838. If Target 1 is achieved, we will aim for Target 2 which is ₹852.

But if AGARIND falls below the average value of ₹826.72, you can enter a sell side position with target number 1 - ₹813 and second target - ₹802 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 AGARIND

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

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

Tomorrow's Volume based share price Forecast for AGARIND

AGARIND's Volume is currently in a Increasing 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 -59%.

Reversal detection for AGARIND

Predicted trend chart of AGARIND tomorrow for price forecast
AGARIND may trend may continue to be bullish since stock is making higher highs and we can get target of ₹821 in morning tomorrow
Target 1 tomorrow836
Target 2 tomorrow842
Target 3 tomorrow852
 

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 AGARIND'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 AGARIND opens on a positive note, our first target will be ₹838.23. If Target 1 is achieved, we will aim for Target 2 which is ₹851.52.

But if AGARIND falls below the average value of ₹826.72, you can enter a sell side position with target number 1 - ₹813.43 and second target - ₹801.92

AGARIND's Weekly Targets
1st Up Target 861.02
2nd Up Target 897.08
1st Down Target 797.82
2nd Down Target 770.68

As the week for AGARIND ended on bearish sentiments, we can expect further continuation of this sentiment. AGARIND's initial target will be 861.02 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 797.82 in the upcoming week.

Weekly OHLC Values
Open 851.50
High 869.95
Low 806.75
Close 824.95

Week for AGARIND started with an open price of 851.50, and the close was at 824.95. AGARIND reached the highest of 869.95 and dipped lowest up to 806.75 last week. This indicates a bearish sentiment for the week.

AGARIND full month swing targets
Monthly Up Target 1 924.22
Monthly Up Target 2 960.28
Monthly Down Target 1 734.62
Monthly Down Target 2 644.28

Targets of ₹924.22 can be expected to be reached in the coming month. Once AGARIND achieved this target, we can aim for the next upside target of ₹960.28.

AGARIND if fails to hold upside, down targets of ₹734.62 and ₹644.28 can be achieved by end of this month.

For complete three weeks if AGARIND 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.

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Summary

AGARIND is expected to reach the target of 838.23 in tomorrow's trading session.

After achieving the initial target in AGARIND, we will aim for higher targets of 851.52 tomorrow.

However, if AGARIND starts to trade below ₹826.72, then we will shift our focus to the sell side and aim for down targets of 813.43 and 801.92.