Price and trend forecast of ARVINDFASN for Tomorrow, Weekly, Monthly
Arvind Fashions Limited
Symbol: NSE:ARVINDFASN
ISIN: INE955V01021
488.05
As on 2024-07-26
ARVINDFASN's Today's Performance
Arvind Fashions Limited started the day by opening at 478.95 today 2024-07-26. Its shares reached a high of 498.70 and dipped to a low of 478.60 in intraday. When the markets closed, ARVINDFASN’s stock price settled at ₹488.05 per share. Also check out its key support and resistance levels.
ARVINDFASN Buy/Sell Targets
Tomorrow, buy ARVINDFASN when its price reaches ₹ 488.05 with a stop-loss order at ₹ 480.87. You can set the target price as ₹ 495.23 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 ARVINDFASN 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 ARVINDFASN
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 498 |
| Tomorrow Down Target 2 | 509 |
| Tomorrow Down Target 3 | 518 |
Important Levels for ARVINDFASN
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 478 |
| Tomorrow Up Target 2 | 468 |
| Tomorrow Up Target 3 | 458 |
Based on where the stock opens tomorrow, if ARVINDFASN opens on a positive note, our first target will be ₹498. If Target 1 is achieved, we will aim for Target 2 which is ₹509.
But if ARVINDFASN falls below the average value of ₹488.45, you can enter a sell side position with target number 1 - ₹478 and second target - ₹468 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 ARVINDFASN
Looking at ARVINDFASN, 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, ARVINDFASN has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for ARVINDFASN is strong bearish.
Tomorrow's Volume based share price Forecast for ARVINDFASN
ARVINDFASN's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a strong bearish trend. Volume trend strength over the last month compared to the last week is 66%.
Reversal detection for ARVINDFASN
ARVINDFASN may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹478 in morning tomorrow
| Target 1 tomorrow | 496 |
| Target 2 tomorrow | 501 |
| Target 3 tomorrow | 509 |
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 ARVINDFASN'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 ARVINDFASN opens on a positive note, our first target will be ₹498.30. If Target 1 is achieved, we will aim for Target 2 which is ₹508.55.
But if ARVINDFASN falls below the average value of ₹488.45, you can enter a sell side position with target number 1 - ₹478.20 and second target - ₹468.35
ARVINDFASN's Weekly Targets
| 1st Up Target | 506.20 |
| 2nd Up Target | 524.35 |
| 1st Down Target | 462.40 |
| 2nd Down Target | 436.75 |
As the week for ARVINDFASN ended on bullish sentiments, we can expect further continuation of this sentiment. ARVINDFASN's initial target will be 506.20 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 462.40 in the upcoming week.
Weekly OHLC Values
| Open | 473.20 |
| High | 498.70 |
| Low | 454.90 |
| Close | 488.05 |
Week for ARVINDFASN started with an open price of 473.20, and the close was at 488.05. ARVINDFASN reached the highest of 498.70 and dipped lowest up to 454.90 last week. This indicates a bullish sentiment for the week.
ARVINDFASN full month swing targets
| Monthly Up Target 1 | 550.00 |
| Monthly Up Target 2 | 568.15 |
| Monthly Down Target 1 | 418.60 |
| Monthly Down Target 2 | 349.15 |
Targets of ₹550.00 can be expected to be reached in the coming month. Once ARVINDFASN achieved this target, we can aim for the next upside target of ₹568.15.
ARVINDFASN if fails to hold upside, down targets of ₹418.60 and ₹349.15 can be achieved by end of this month.
For complete three weeks if ARVINDFASN 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 ARVINDFASN
| Symbol | Name | Industry |
|---|---|---|
| MARUTI | Maruti Suzuki India Limited | Auto Manufacturers |
| TATAMTRDVR | Tata Motors Limited | Auto Manufacturers |
| TATAMOTORS | Tata Motors Limited | Auto Manufacturers |
| TITAN | Titan Company Limited | Luxury Goods |
| BAJAJ-AUTO | Bajaj Auto Limited | Auto Manufacturers |
Summary
ARVINDFASN is expected to reach the target of 498.30 in tomorrow's trading session.
After achieving the initial target in ARVINDFASN, we will aim for higher targets of 508.55 tomorrow.
However, if ARVINDFASN starts to trade below ₹488.45, then we will shift our focus to the sell side and aim for down targets of 478.20 and 468.35.