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

The Andhra Sugars Limited

Symbol: NSE:ANDHRSUGAR

ISIN: INE715B01021

107.65

As on 2024-04-12

92.15 (52W Low) 128.65 (52W High)

ANDHRSUGAR's Today's Performance

The Andhra Sugars Limited started the day by opening at 110.95 today 2024-04-12. Its shares reached a high of 110.95 and dipped to a low of 107.05 in intraday. When the markets closed, ANDHRSUGAR’s stock price settled at ₹107.65 per share. Also check out its key support and resistance levels.

ANDHRSUGAR Buy/Sell Targets

Tomorrow, sell ANDHRSUGAR when its price reaches ₹ 107.65 with a stop-loss order at ₹ 109.74. You can set the target price as ₹ 105.56 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 ANDHRSUGAR 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 ANDHRSUGAR

Resistance Levels Value in ₹
Tomorrow Resistance 1 110
Tomorrow Resistance 2 112
Tomorrow Resistance 3 114

Important Supports for ANDHRSUGAR

Support Levels Value in ₹
Tomorrow Support 1 106
Tomorrow Support 2 105
Tomorrow Support 3 102
Based on where the stock opens tomorrow, if ANDHRSUGAR opens on a positive note, our first target will be ₹110. If Target 1 is achieved, we will aim for Target 2 which is ₹112.

But if ANDHRSUGAR falls below the average value of ₹108.55, you can enter a sell side position with target number 1 - ₹106 and second target - ₹105 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 ANDHRSUGAR

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

Based on this, the predicted sentiment for ANDHRSUGAR is moderate bullish.

Tomorrow's Volume based share price Forecast for ANDHRSUGAR

ANDHRSUGAR'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 -17%.

Reversal detection for ANDHRSUGAR

Predicted trend chart of ANDHRSUGAR tomorrow for price forecast
ANDHRSUGAR may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹111 in morning tomorrow
Target 1 tomorrow110
Target 2 tomorrow111
Target 3 tomorrow112
 

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 ANDHRSUGAR'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 ANDHRSUGAR opens on a positive note, our first target will be ₹110.05. If Target 1 is achieved, we will aim for Target 2 which is ₹112.45.

But if ANDHRSUGAR falls below the average value of ₹108.55, you can enter a sell side position with target number 1 - ₹106.15 and second target - ₹104.65

ANDHRSUGAR's Weekly Targets
1st Up Target 111.42
2nd Up Target 115.18
1st Down Target 105.47
2nd Down Target 103.28

As the week for ANDHRSUGAR ended on bearish sentiments, we can expect further continuation of this sentiment. ANDHRSUGAR's initial target will be 111.42 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 105.47 in the upcoming week.

Weekly OHLC Values
Open 110.10
High 113.00
Low 107.05
Close 107.65

Week for ANDHRSUGAR started with an open price of 110.10, and the close was at 107.65. ANDHRSUGAR reached the highest of 113.00 and dipped lowest up to 107.05 last week. This indicates a bearish sentiment for the week.

ANDHRSUGAR full month swing targets
Monthly Up Target 1 117.37
Monthly Up Target 2 121.13
Monthly Down Target 1 99.52
Monthly Down Target 2 91.38

Targets of ₹117.37 can be expected to be reached in the coming month. Once ANDHRSUGAR achieved this target, we can aim for the next upside target of ₹121.13.

ANDHRSUGAR if fails to hold upside, down targets of ₹99.52 and ₹91.38 can be achieved by end of this month.

For complete three weeks if ANDHRSUGAR 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

ANDHRSUGAR is expected to reach the target of 110.05 in tomorrow's trading session.

After achieving the initial target in ANDHRSUGAR, we will aim for higher targets of 112.45 tomorrow.

However, if ANDHRSUGAR starts to trade below ₹108.55, then we will shift our focus to the sell side and aim for down targets of 106.15 and 104.65.