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

Astra Microwave Products Limited

Symbol: NSE:ASTRAMICRO

ISIN: INE386C01029

665.70

As on 2024-04-12

247.25 (52W Low) 694.00 (52W High)

ASTRAMICRO's Today's Performance

Astra Microwave Products Limited started the day by opening at 657.55 today 2024-04-12. Its shares reached a high of 671.95 and dipped to a low of 650.60 in intraday. When the markets closed, ASTRAMICRO’s stock price settled at ₹665.70 per share. Also check out its key support and resistance levels.

ASTRAMICRO Buy/Sell Targets

Tomorrow, buy ASTRAMICRO when its price reaches ₹ 665.70 with a stop-loss order at ₹ 653.87. You can set the target price as ₹ 677.53 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 ASTRAMICRO 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 ASTRAMICRO

Resistance Levels Value in ₹
Tomorrow Resistance 1 675
Tomorrow Resistance 2 684
Tomorrow Resistance 3 696

Important Supports for ASTRAMICRO

Support Levels Value in ₹
Tomorrow Support 1 654
Tomorrow Support 2 641
Tomorrow Support 3 632
Based on where the stock opens tomorrow, if ASTRAMICRO opens on a positive note, our first target will be ₹675. If Target 1 is achieved, we will aim for Target 2 which is ₹684.

But if ASTRAMICRO falls below the average value of ₹662.75, you can enter a sell side position with target number 1 - ₹654 and second target - ₹641 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 ASTRAMICRO

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

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

Tomorrow's Volume based share price Forecast for ASTRAMICRO

ASTRAMICRO'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 113%.

Reversal detection for ASTRAMICRO

Predicted trend chart of ASTRAMICRO tomorrow for price forecast
ASTRAMICRO may trend may continue to be bullish since stock is making higher highs and we can get target of ₹657 in morning tomorrow
Target 1 tomorrow671
Target 2 tomorrow676
Target 3 tomorrow684
 

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 ASTRAMICRO'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 ASTRAMICRO opens on a positive note, our first target will be ₹674.90. If Target 1 is achieved, we will aim for Target 2 which is ₹684.10.

But if ASTRAMICRO falls below the average value of ₹662.75, you can enter a sell side position with target number 1 - ₹653.55 and second target - ₹641.40

ASTRAMICRO's Weekly Targets
1st Up Target 680.10
2nd Up Target 694.50
1st Down Target 643.15
2nd Down Target 620.60

As the week for ASTRAMICRO ended on bullish sentiments, we can expect further continuation of this sentiment. ASTRAMICRO's initial target will be 680.10 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 643.15 in the upcoming week.

Weekly OHLC Values
Open 638.05
High 671.95
Low 635.00
Close 665.70

Week for ASTRAMICRO started with an open price of 638.05, and the close was at 665.70. ASTRAMICRO reached the highest of 671.95 and dipped lowest up to 635.00 last week. This indicates a bullish sentiment for the week.

ASTRAMICRO full month swing targets
Monthly Up Target 1 717.05
Monthly Up Target 2 731.45
Monthly Down Target 1 606.20
Monthly Down Target 2 546.70

Targets of ₹717.05 can be expected to be reached in the coming month. Once ASTRAMICRO achieved this target, we can aim for the next upside target of ₹731.45.

ASTRAMICRO if fails to hold upside, down targets of ₹606.20 and ₹546.70 can be achieved by end of this month.

For complete three weeks if ASTRAMICRO 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 ASTRAMICRO

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CYIENTDLM Cyient DLM Limited Electronic Components
HCLTECH HCL Technologies Limited Information Technology Services
IDEAFORGE ideaForge Technology Limited Computer Hardware

Summary

ASTRAMICRO is expected to reach the target of 674.90 in tomorrow's trading session.

After achieving the initial target in ASTRAMICRO, we will aim for higher targets of 684.10 tomorrow.

However, if ASTRAMICRO starts to trade below ₹662.75, then we will shift our focus to the sell side and aim for down targets of 653.55 and 641.40.