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

Allsec Technologies Limited

Symbol: NSE:ALLSEC

ISIN: INE835G01018

713.20

As on 2024-04-12

429.85 (52W Low) 895.00 (52W High)

ALLSEC's Today's Performance

Allsec Technologies Limited started the day by opening at 705.20 today 2024-04-12. Its shares reached a high of 730.00 and dipped to a low of 700.50 in intraday. When the markets closed, ALLSEC’s stock price settled at ₹713.20 per share. Also check out its key support and resistance levels.

ALLSEC Buy/Sell Targets

Tomorrow, buy ALLSEC when its price reaches ₹ 713.20 with a stop-loss order at ₹ 702.85. You can set the target price as ₹ 723.55 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 ALLSEC 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 ALLSEC

Resistance Levels Value in ₹
Tomorrow Resistance 1 729
Tomorrow Resistance 2 744
Tomorrow Resistance 3 758

Important Supports for ALLSEC

Support Levels Value in ₹
Tomorrow Support 1 699
Tomorrow Support 2 685
Tomorrow Support 3 670
Based on where the stock opens tomorrow, if ALLSEC opens on a positive note, our first target will be ₹729. If Target 1 is achieved, we will aim for Target 2 which is ₹744.

But if ALLSEC falls below the average value of ₹714.57, you can enter a sell side position with target number 1 - ₹699 and second target - ₹685 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 ALLSEC

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

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

Tomorrow's Volume based share price Forecast for ALLSEC

ALLSEC'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 -42%.

Reversal detection for ALLSEC

Predicted trend chart of ALLSEC tomorrow for price forecast
ALLSEC may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹703 in morning tomorrow
Target 1 tomorrow726
Target 2 tomorrow733
Target 3 tomorrow744
 

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 ALLSEC'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 ALLSEC opens on a positive note, our first target will be ₹728.63. If Target 1 is achieved, we will aim for Target 2 which is ₹744.07.

But if ALLSEC falls below the average value of ₹714.57, you can enter a sell side position with target number 1 - ₹699.13 and second target - ₹685.07

ALLSEC's Weekly Targets
1st Up Target 733.73
2nd Up Target 754.27
1st Down Target 694.83
2nd Down Target 676.47

As the week for ALLSEC ended on bearish sentiments, we can expect further continuation of this sentiment. ALLSEC's initial target will be 733.73 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 694.83 in the upcoming week.

Weekly OHLC Values
Open 731.20
High 735.90
Low 697.00
Close 713.20

Week for ALLSEC started with an open price of 731.20, and the close was at 713.20. ALLSEC reached the highest of 735.90 and dipped lowest up to 697.00 last week. This indicates a bearish sentiment for the week.

ALLSEC full month swing targets
Monthly Up Target 1 772.63
Monthly Up Target 2 793.17
Monthly Down Target 1 655.93
Monthly Down Target 2 598.67

Targets of ₹772.63 can be expected to be reached in the coming month. Once ALLSEC achieved this target, we can aim for the next upside target of ₹793.17.

ALLSEC if fails to hold upside, down targets of ₹655.93 and ₹598.67 can be achieved by end of this month.

For complete three weeks if ALLSEC 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 ALLSEC

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LT Larsen & Toubro Limited Engineering & Construction
ADANIPORTS Adani Ports and Special Economic Zone Limited Marine Shipping
HAL Hindustan Aeronautics Limited Aerospace & Defense
SIEMENS Siemens Limited Specialty Industrial Machinery
BEL Bharat Electronics Limited Aerospace & Defense

Summary

ALLSEC is expected to reach the target of 728.63 in tomorrow's trading session.

After achieving the initial target in ALLSEC, we will aim for higher targets of 744.07 tomorrow.

However, if ALLSEC starts to trade below ₹714.57, then we will shift our focus to the sell side and aim for down targets of 699.13 and 685.07.