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

Anjani Portland Cement Limited

Symbol: NSE:APCL

ISIN: INE071F01012

183.75

As on 2024-04-19

158.60 (52W Low) 231.95 (52W High)

APCL's Today's Performance

Anjani Portland Cement Limited started the day by opening at 182.00 today 2024-04-19. Its shares reached a high of 185.40 and dipped to a low of 180.00 in intraday. When the markets closed, APCL’s stock price settled at ₹183.75 per share. Also check out its key support and resistance levels.

APCL Buy/Sell Targets

Tomorrow, sell APCL when its price reaches ₹ 183.75 with a stop-loss order at ₹ 186.49. You can set the target price as ₹ 181.01 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 APCL 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 APCL

Downside Targets Value in ₹
Tomorrow Down Target 1 186
Tomorrow Down Target 2 188
Tomorrow Down Target 3 192

Important Levels for APCL

Holding Levels Value in ₹
Tomorrow Up Target 1 181
Tomorrow Up Target 2 178
Tomorrow Up Target 3 175
Based on where the stock opens tomorrow, if APCL opens on a positive note, our first target will be ₹186. If Target 1 is achieved, we will aim for Target 2 which is ₹188.

But if APCL falls below the average value of ₹183.05, you can enter a sell side position with target number 1 - ₹181 and second target - ₹178 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 APCL

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

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

Tomorrow's Volume based share price Forecast for APCL

APCL'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 -35%.

Reversal detection for APCL

Predicted trend chart of APCL tomorrow for price forecast
APCL may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹185 in morning tomorrow
Target 1 tomorrow185
Target 2 tomorrow186
Target 3 tomorrow188
 

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 APCL'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 APCL opens on a positive note, our first target will be ₹186.10. If Target 1 is achieved, we will aim for Target 2 which is ₹188.45.

But if APCL falls below the average value of ₹183.05, you can enter a sell side position with target number 1 - ₹180.70 and second target - ₹177.65

APCL's Weekly Targets
1st Up Target 190.15
2nd Up Target 196.55
1st Down Target 177.20
2nd Down Target 170.65

As the week for APCL ended on bearish sentiments, we can expect further continuation of this sentiment. APCL's initial target will be 190.15 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 177.20 in the upcoming week.

Weekly OHLC Values
Open 190.00
High 190.00
Low 177.05
Close 183.75

Week for APCL started with an open price of 190.00, and the close was at 183.75. APCL reached the highest of 190.00 and dipped lowest up to 177.05 last week. This indicates a bearish sentiment for the week.

APCL full month swing targets
Monthly Up Target 1 203.10
Monthly Up Target 2 209.50
Monthly Down Target 1 164.25
Monthly Down Target 2 144.75

Targets of ₹203.10 can be expected to be reached in the coming month. Once APCL achieved this target, we can aim for the next upside target of ₹209.50.

APCL if fails to hold upside, down targets of ₹164.25 and ₹144.75 can be achieved by end of this month.

For complete three weeks if APCL 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 APCL

Symbol Name Industry
ULTRACEMCO UltraTech Cement Limited Building Materials
ASIANPAINT Asian Paints Limited Specialty Chemicals
JSWSTEEL JSW Steel Limited Steel
TATASTEEL Tata Steel Limited Steel
GRASIM Grasim Industries Limited Building Materials

Summary

APCL is expected to reach the target of 186.10 in tomorrow's trading session.

After achieving the initial target in APCL, we will aim for higher targets of 188.45 tomorrow.

However, if APCL starts to trade below ₹183.05, then we will shift our focus to the sell side and aim for down targets of 180.70 and 177.65.