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

Ashoka Buildcon Limited

Symbol: NSE:ASHOKA

ISIN: INE442H01029

178.30

As on 2024-05-27

74.65 (52W Low) 197.50 (52W High)

ASHOKA's Today's Performance

Ashoka Buildcon Limited started the day by opening at 183.05 today 2024-05-27. Its shares reached a high of 183.35 and dipped to a low of 176.00 in intraday. When the markets closed, ASHOKA’s stock price settled at ₹178.30 per share. Also check out its key support and resistance levels.

ASHOKA Buy/Sell Targets

Tomorrow, sell ASHOKA when its price reaches ₹ 178.30 with a stop-loss order at ₹ 184.08. You can set the target price as ₹ 172.52 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 ASHOKA 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 ASHOKA

Downside Targets Value in ₹
Tomorrow Down Target 1 182
Tomorrow Down Target 2 187
Tomorrow Down Target 3 190

Important Levels for ASHOKA

Holding Levels Value in ₹
Tomorrow Up Target 1 175
Tomorrow Up Target 2 172
Tomorrow Up Target 3 168
Based on where the stock opens tomorrow, if ASHOKA opens on a positive note, our first target will be ₹182. If Target 1 is achieved, we will aim for Target 2 which is ₹187.

But if ASHOKA falls below the average value of ₹179.22, you can enter a sell side position with target number 1 - ₹175 and second target - ₹172 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 ASHOKA

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

Based on this, the predicted sentiment for ASHOKA is strong bullish.

Tomorrow's Volume based share price Forecast for ASHOKA

ASHOKA's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a strong bullish trend. Volume trend strength over the last month compared to the last week is 19%.

Reversal detection for ASHOKA

Predicted trend chart of ASHOKA tomorrow for price forecast
ASHOKA may trend may continue to be bearish since stock is making lower low and we can get target of ₹185 in morning tomorrow
Target 1 tomorrow182
Target 2 tomorrow184
Target 3 tomorrow187
 

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 ASHOKA'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 ASHOKA opens on a positive note, our first target will be ₹182.43. If Target 1 is achieved, we will aim for Target 2 which is ₹186.57.

But if ASHOKA falls below the average value of ₹179.22, you can enter a sell side position with target number 1 - ₹175.08 and second target - ₹171.87

ASHOKA's Weekly Targets
1st Up Target 182.43
2nd Up Target 186.57
1st Down Target 175.08
2nd Down Target 171.87

As the week for ASHOKA ended on bearish sentiments, we can expect further continuation of this sentiment. ASHOKA's initial target will be 182.43 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 175.08 in the upcoming week.

Weekly OHLC Values
Open 183.05
High 183.35
Low 176.00
Close 178.30

Week for ASHOKA started with an open price of 183.05, and the close was at 178.30. ASHOKA reached the highest of 183.35 and dipped lowest up to 176.00 last week. This indicates a bearish sentiment for the week.

ASHOKA full month swing targets
Monthly Up Target 1 189.78
Monthly Up Target 2 193.92
Monthly Down Target 1 167.73
Monthly Down Target 2 157.17

Targets of ₹189.78 can be expected to be reached in the coming month. Once ASHOKA achieved this target, we can aim for the next upside target of ₹193.92.

ASHOKA if fails to hold upside, down targets of ₹167.73 and ₹157.17 can be achieved by end of this month.

For complete three weeks if ASHOKA 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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Summary

ASHOKA is expected to reach the target of 182.43 in tomorrow's trading session.

After achieving the initial target in ASHOKA, we will aim for higher targets of 186.57 tomorrow.

However, if ASHOKA starts to trade below ₹179.22, then we will shift our focus to the sell side and aim for down targets of 175.08 and 171.87.