Stock Information Portal

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

Asahi India Glass Limited

Symbol: NSE:ASAHIINDIA

ISIN: INE439A01020

697.00

As on 2024-11-08

501.55 (52W Low) 833.95 (52W High)

ASAHIINDIA's Today's Performance

Asahi India Glass Limited started the day by opening at 706.95 today 2024-11-08. Its shares reached a high of 716.20 and dipped to a low of 694.60 in intraday. When the markets closed, ASAHIINDIA’s stock price settled at ₹697.00 per share. Also check out its key support and resistance levels.

ASAHIINDIA Buy/Sell Targets

Tomorrow, sell ASAHIINDIA when its price reaches ₹ 697.00 with a stop-loss order at ₹ 707.08. You can set the target price as ₹ 686.92 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 levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for ASAHIINDIA

Downside Targets Value in ₹
Tomorrow Down Target 1 711
Tomorrow Down Target 2 724
Tomorrow Down Target 3 732

Important Levels for ASAHIINDIA

Holding Levels Value in ₹
Tomorrow Up Target 1 689
Tomorrow Up Target 2 681
Tomorrow Up Target 3 667
Based on where the stock opens tomorrow, if ASAHIINDIA opens on a positive note, our first target will be ₹711. If Target 1 is achieved, we will aim for Target 2 which is ₹724.

But if ASAHIINDIA falls below the average value of ₹702.60, you can enter a sell side position with target number 1 - ₹689 and second target - ₹681 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 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, ASAHIINDIA has been on a Downward path, giving us insights how its value changes in the market.

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

Tomorrow's Volume based share price Forecast for ASAHIINDIA

ASAHIINDIA'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 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 ₹713 in morning tomorrow
Target 1 tomorrow711
Target 2 tomorrow716
Target 3 tomorrow724
 

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 ₹710.60. If Target 1 is achieved, we will aim for Target 2 which is ₹724.20.

But if ASAHIINDIA falls below the average value of ₹702.60, you can enter a sell side position with target number 1 - ₹689.00 and second target - ₹681.00

ASAHIINDIA's Weekly Targets
1st Up Target 735.80
2nd Up Target 774.60
1st Down Target 676.40
2nd Down Target 655.80

As the week for ASAHIINDIA ended on bearish sentiments, we can expect further continuation of this sentiment. ASAHIINDIA's initial target will be 735.80 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 676.40 in the upcoming week.

Weekly OHLC Values
Open 754.00
High 754.00
Low 694.60
Close 697.00

Week for ASAHIINDIA started with an open price of 754.00, and the close was at 697.00. ASAHIINDIA reached the highest of 754.00 and dipped lowest up to 694.60 last week. This indicates a bearish sentiment for the week.

ASAHIINDIA full month swing targets
Monthly Up Target 1 795.20
Monthly Up Target 2 834.00
Monthly Down Target 1 617.00
Monthly Down Target 2 537.00

Targets of ₹795.20 can be expected to be reached in the coming month. Once ASAHIINDIA achieved this target, we can aim for the next upside target of ₹834.00.

ASAHIINDIA if fails to hold upside, down targets of ₹617.00 and ₹537.00 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.

Related Stocks in the Same Sector as ASAHIINDIA

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

ASAHIINDIA is expected to reach the target of 710.60 in tomorrow's trading session.

After achieving the initial target in ASAHIINDIA, we will aim for higher targets of 724.20 tomorrow.

However, if ASAHIINDIA starts to trade below ₹702.60, then we will shift our focus to the sell side and aim for down targets of 689.00 and 681.00.