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

Ashiana Housing Limited

Symbol: NSE:ASHIANA

ISIN: INE365D01021

364.30

As on 2024-04-16

165.00 (52W Low) 398.75 (52W High)

ASHIANA's Today's Performance

Ashiana Housing Limited started the day by opening at 376.65 today 2024-04-16. Its shares reached a high of 388.00 and dipped to a low of 360.20 in intraday. When the markets closed, ASHIANA’s stock price settled at ₹364.30 per share. Also check out its key support and resistance levels.

ASHIANA Buy/Sell Targets

Tomorrow, sell ASHIANA when its price reaches ₹ 364.30 with a stop-loss order at ₹ 385.34. You can set the target price as ₹ 343.26 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 ASHIANA 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 ASHIANA

Resistance Levels Value in ₹
Tomorrow Resistance 1 381
Tomorrow Resistance 2 399
Tomorrow Resistance 3 409

Important Supports for ASHIANA

Support Levels Value in ₹
Tomorrow Support 1 354
Tomorrow Support 2 343
Tomorrow Support 3 326
Based on where the stock opens tomorrow, if ASHIANA opens on a positive note, our first target will be ₹381. If Target 1 is achieved, we will aim for Target 2 which is ₹399.

But if ASHIANA falls below the average value of ₹370.83, you can enter a sell side position with target number 1 - ₹354 and second target - ₹343 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 ASHIANA

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

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

Tomorrow's Volume based share price Forecast for ASHIANA

ASHIANA's Volume is currently in a Increasing 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 -7%.

Reversal detection for ASHIANA

Predicted trend chart of ASHIANA tomorrow for price forecast
ASHIANA may trend may continue to be bearish since stock is making lower low and we can get target of ₹373 in morning tomorrow
Target 1 tomorrow381
Target 2 tomorrow388
Target 3 tomorrow399
 

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 ASHIANA'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 ASHIANA opens on a positive note, our first target will be ₹381.47. If Target 1 is achieved, we will aim for Target 2 which is ₹398.63.

But if ASHIANA falls below the average value of ₹370.83, you can enter a sell side position with target number 1 - ₹353.67 and second target - ₹343.03

ASHIANA's Weekly Targets
1st Up Target 397.30
2nd Up Target 430.30
1st Down Target 332.75
2nd Down Target 301.20

As the week for ASHIANA ended on bullish sentiments, we can expect further continuation of this sentiment. ASHIANA's initial target will be 397.30 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 332.75 in the upcoming week.

Weekly OHLC Values
Open 336.00
High 398.75
Low 334.20
Close 364.30

Week for ASHIANA started with an open price of 336.00, and the close was at 364.30. ASHIANA reached the highest of 398.75 and dipped lowest up to 334.20 last week. This indicates a bullish sentiment for the week.

ASHIANA full month swing targets
Monthly Up Target 1 461.85
Monthly Up Target 2 494.85
Monthly Down Target 1 268.20
Monthly Down Target 2 172.10

Targets of ₹461.85 can be expected to be reached in the coming month. Once ASHIANA achieved this target, we can aim for the next upside target of ₹494.85.

ASHIANA if fails to hold upside, down targets of ₹268.20 and ₹172.10 can be achieved by end of this month.

For complete three weeks if ASHIANA 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 ASHIANA

Symbol Name Industry
DLF DLF Limited Real Estate - Development
LODHA Macrotech Developers Limited Real Estate - Development
GODREJPROP Godrej Properties Limited Real Estate - Development
OBEROIRLTY Oberoi Realty Limited Real Estate - Development
PHOENIXLTD The Phoenix Mills Limited Real Estate - Diversified

Summary

ASHIANA is expected to reach the target of 381.47 in tomorrow's trading session.

After achieving the initial target in ASHIANA, we will aim for higher targets of 398.63 tomorrow.

However, if ASHIANA starts to trade below ₹370.83, then we will shift our focus to the sell side and aim for down targets of 353.67 and 343.03.