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

ASK AUTOMOTIVE LIMITED

Symbol: NSE:ASKAUTOLTD

ISIN: N/A

312.90

As on 2024-04-12

240.10 (52W Low) 334.55 (52W High)

ASKAUTOLTD's Today's Performance

ASK AUTOMOTIVE LIMITED started the day by opening at 311.10 today 2024-04-12. Its shares reached a high of 314.00 and dipped to a low of 308.05 in intraday. When the markets closed, ASKAUTOLTD’s stock price settled at ₹312.90 per share. Also check out its key support and resistance levels.

ASKAUTOLTD Buy/Sell Targets

Tomorrow, buy ASKAUTOLTD when its price reaches ₹ 312.90 with a stop-loss order at ₹ 308.59. You can set the target price as ₹ 317.21 to capture potential gains. This buy 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 ASKAUTOLTD 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 ASKAUTOLTD

Resistance Levels Value in ₹
Tomorrow Resistance 1 315
Tomorrow Resistance 2 318
Tomorrow Resistance 3 321

Important Supports for ASKAUTOLTD

Support Levels Value in ₹
Tomorrow Support 1 309
Tomorrow Support 2 306
Tomorrow Support 3 303
Based on where the stock opens tomorrow, if ASKAUTOLTD opens on a positive note, our first target will be ₹315. If Target 1 is achieved, we will aim for Target 2 which is ₹318.

But if ASKAUTOLTD falls below the average value of ₹311.65, you can enter a sell side position with target number 1 - ₹309 and second target - ₹306 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 ASKAUTOLTD

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

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

Tomorrow's Volume based share price Forecast for ASKAUTOLTD

ASKAUTOLTD'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 884%.

Reversal detection for ASKAUTOLTD

Predicted trend chart of ASKAUTOLTD tomorrow for price forecast
ASKAUTOLTD may trend may continue to be bullish since stock is making higher highs and we can get target of ₹311 in morning tomorrow
Target 1 tomorrow314
Target 2 tomorrow315
Target 3 tomorrow318
 

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 ASKAUTOLTD'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 ASKAUTOLTD opens on a positive note, our first target will be ₹315.25. If Target 1 is achieved, we will aim for Target 2 which is ₹317.60.

But if ASKAUTOLTD falls below the average value of ₹311.65, you can enter a sell side position with target number 1 - ₹309.30 and second target - ₹305.70

ASKAUTOLTD's Weekly Targets
1st Up Target 320.17
2nd Up Target 327.43
1st Down Target 299.47
2nd Down Target 286.03

As the week for ASKAUTOLTD ended on bullish sentiments, we can expect further continuation of this sentiment. ASKAUTOLTD's initial target will be 320.17 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 299.47 in the upcoming week.

Weekly OHLC Values
Open 299.95
High 314.00
Low 293.30
Close 312.90

Week for ASKAUTOLTD started with an open price of 299.95, and the close was at 312.90. ASKAUTOLTD reached the highest of 314.00 and dipped lowest up to 293.30 last week. This indicates a bullish sentiment for the week.

ASKAUTOLTD full month swing targets
Monthly Up Target 1 340.87
Monthly Up Target 2 348.13
Monthly Down Target 1 278.77
Monthly Down Target 2 244.63

Targets of ₹340.87 can be expected to be reached in the coming month. Once ASKAUTOLTD achieved this target, we can aim for the next upside target of ₹348.13.

ASKAUTOLTD if fails to hold upside, down targets of ₹278.77 and ₹244.63 can be achieved by end of this month.

For complete three weeks if ASKAUTOLTD 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 ASKAUTOLTD

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MARUTI Maruti Suzuki India Limited Auto Manufacturers
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TATAMOTORS Tata Motors Limited Auto Manufacturers
TITAN Titan Company Limited Luxury Goods
BAJAJ-AUTO Bajaj Auto Limited Auto Manufacturers

Summary

ASKAUTOLTD is expected to reach the target of 315.25 in tomorrow's trading session.

After achieving the initial target in ASKAUTOLTD, we will aim for higher targets of 317.60 tomorrow.

However, if ASKAUTOLTD starts to trade below ₹311.65, then we will shift our focus to the sell side and aim for down targets of 309.30 and 305.70.