Price and trend forecast of ASAL for Tomorrow, Weekly, Monthly
Automotive Stampings and Assemblies Limited
Symbol: NSE:ASAL
ISIN: INE900C01027
620.65
As on 2025-01-22
ASAL's Today's Performance
Automotive Stampings and Assemblies Limited started the day by opening at 636.20 today 2025-01-22. Its shares reached a high of 636.20 and dipped to a low of 612.20 in intraday. When the markets closed, ASAL’s stock price settled at ₹620.65 per share. Also check out its key support and resistance levels.
ASAL Buy/Sell Targets
Tomorrow, sell ASAL when its price reaches ₹ 620.65 with a stop-loss order at ₹ 630.07. You can set the target price as ₹ 611.23 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 ASAL 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 ASAL
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 634 |
| Tomorrow Down Target 2 | 647 |
| Tomorrow Down Target 3 | 658 |
Important Levels for ASAL
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 610 |
| Tomorrow Up Target 2 | 599 |
| Tomorrow Up Target 3 | 586 |
Based on where the stock opens tomorrow, if ASAL opens on a positive note, our first target will be ₹634. If Target 1 is achieved, we will aim for Target 2 which is ₹647.
But if ASAL falls below the average value of ₹623.02, you can enter a sell side position with target number 1 - ₹610 and second target - ₹599 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 ASAL
Looking at ASAL, 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, ASAL has been on a Upward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for ASAL is moderate bullish.
Tomorrow's Volume based share price Forecast for ASAL
ASAL'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 -37%.
Reversal detection for ASAL
ASAL may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹639 in morning tomorrow
| Target 1 tomorrow | 632 |
| Target 2 tomorrow | 638 |
| Target 3 tomorrow | 647 |
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 ASAL'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 ASAL opens on a positive note, our first target will be ₹633.83. If Target 1 is achieved, we will aim for Target 2 which is ₹647.02.
But if ASAL falls below the average value of ₹623.02, you can enter a sell side position with target number 1 - ₹609.83 and second target - ₹599.02
ASAL's Weekly Targets
| 1st Up Target | 642.73 |
| 2nd Up Target | 664.82 |
| 1st Down Target | 605.38 |
| 2nd Down Target | 590.12 |
As the week for ASAL ended on bearish sentiments, we can expect further continuation of this sentiment. ASAL's initial target will be 642.73 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 605.38 in the upcoming week.
Weekly OHLC Values
| Open | 647.00 |
| High | 649.55 |
| Low | 612.20 |
| Close | 620.65 |
Week for ASAL started with an open price of 647.00, and the close was at 620.65. ASAL reached the highest of 649.55 and dipped lowest up to 612.20 last week. This indicates a bearish sentiment for the week.
ASAL full month swing targets
| Monthly Up Target 1 | 680.08 |
| Monthly Up Target 2 | 702.17 |
| Monthly Down Target 1 | 568.03 |
| Monthly Down Target 2 | 515.42 |
Targets of ₹680.08 can be expected to be reached in the coming month. Once ASAL achieved this target, we can aim for the next upside target of ₹702.17.
ASAL if fails to hold upside, down targets of ₹568.03 and ₹515.42 can be achieved by end of this month.
For complete three weeks if ASAL 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 ASAL
| 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
ASAL is expected to reach the target of 633.83 in tomorrow's trading session.
After achieving the initial target in ASAL, we will aim for higher targets of 647.02 tomorrow.
However, if ASAL starts to trade below ₹623.02, then we will shift our focus to the sell side and aim for down targets of 609.83 and 599.02.