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

Asahi India Glass Limited

Symbol: NSE:ASAHIINDIA

ISIN: INE439A01020

587.75

As on 2024-04-12

445.45 (52W Low) 651.00 (52W High)

ASAHIINDIA's Today's Performance

Asahi India Glass Limited started the day by opening at 597.85 today 2024-04-12. Its shares reached a high of 601.65 and dipped to a low of 585.00 in intraday. When the markets closed, ASAHIINDIA’s stock price settled at ₹587.75 per share. Also check out its key support and resistance levels.

ASAHIINDIA Buy/Sell Targets

Tomorrow, sell ASAHIINDIA when its price reaches ₹ 587.75 with a stop-loss order at ₹ 596.35. You can set the target price as ₹ 579.15 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 ASAHIINDIA 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 ASAHIINDIA

Resistance Levels Value in ₹
Tomorrow Resistance 1 598
Tomorrow Resistance 2 608
Tomorrow Resistance 3 615

Important Supports for ASAHIINDIA

Support Levels Value in ₹
Tomorrow Support 1 581
Tomorrow Support 2 575
Tomorrow Support 3 565
Based on where the stock opens tomorrow, if ASAHIINDIA opens on a positive note, our first target will be ₹598. If Target 1 is achieved, we will aim for Target 2 which is ₹608.

But if ASAHIINDIA falls below the average value of ₹591.47, you can enter a sell side position with target number 1 - ₹581 and second target - ₹575 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 ASAHIINDIA

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

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

Tomorrow's Volume based share price Forecast for ASAHIINDIA

ASAHIINDIA'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 -42%.

Reversal detection for ASAHIINDIA

Predicted trend chart of ASAHIINDIA tomorrow for price forecast
ASAHIINDIA may trend may continue to be bearish since stock is making lower low and we can get target of ₹597 in morning tomorrow
Target 1 tomorrow598
Target 2 tomorrow602
Target 3 tomorrow608
 

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 ASAHIINDIA'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 ASAHIINDIA opens on a positive note, our first target will be ₹597.93. If Target 1 is achieved, we will aim for Target 2 which is ₹608.12.

But if ASAHIINDIA falls below the average value of ₹591.47, you can enter a sell side position with target number 1 - ₹581.28 and second target - ₹574.82

ASAHIINDIA's Weekly Targets
1st Up Target 604.23
2nd Up Target 620.72
1st Down Target 578.13
2nd Down Target 568.52

As the week for ASAHIINDIA ended on bearish sentiments, we can expect further continuation of this sentiment. ASAHIINDIA's initial target will be 604.23 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 578.13 in the upcoming week.

Weekly OHLC Values
Open 599.40
High 611.10
Low 585.00
Close 587.75

Week for ASAHIINDIA started with an open price of 599.40, and the close was at 587.75. ASAHIINDIA reached the highest of 611.10 and dipped lowest up to 585.00 last week. This indicates a bearish sentiment for the week.

ASAHIINDIA full month swing targets
Monthly Up Target 1 630.33
Monthly Up Target 2 646.82
Monthly Down Target 1 552.03
Monthly Down Target 2 516.32

Targets of ₹630.33 can be expected to be reached in the coming month. Once ASAHIINDIA achieved this target, we can aim for the next upside target of ₹646.82.

ASAHIINDIA if fails to hold upside, down targets of ₹552.03 and ₹516.32 can be achieved by end of this month.

For complete three weeks if ASAHIINDIA 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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BAJAJ-AUTO Bajaj Auto Limited Auto Manufacturers

Summary

ASAHIINDIA is expected to reach the target of 597.93 in tomorrow's trading session.

After achieving the initial target in ASAHIINDIA, we will aim for higher targets of 608.12 tomorrow.

However, if ASAHIINDIA starts to trade below ₹591.47, then we will shift our focus to the sell side and aim for down targets of 581.28 and 574.82.