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

Agro Tech Foods Limited

Symbol: NSE:ATFL

ISIN: INE209A01019

875.70

As on 2024-07-23

644.45 (52W Low) 1,090.00 (52W High)

ATFL's Today's Performance

Agro Tech Foods Limited started the day by opening at 880.00 today 2024-07-23. Its shares reached a high of 900.00 and dipped to a low of 855.00 in intraday. When the markets closed, ATFL’s stock price settled at ₹875.70 per share. Also check out its key support and resistance levels.

ATFL Buy/Sell Targets

Tomorrow, sell ATFL when its price reaches ₹ 875.70 with a stop-loss order at ₹ 902.73. You can set the target price as ₹ 848.67 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 ATFL 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 ATFL

Downside Targets Value in ₹
Tomorrow Down Target 1 899
Tomorrow Down Target 2 922
Tomorrow Down Target 3 944

Important Levels for ATFL

Holding Levels Value in ₹
Tomorrow Up Target 1 854
Tomorrow Up Target 2 832
Tomorrow Up Target 3 809
Based on where the stock opens tomorrow, if ATFL opens on a positive note, our first target will be ₹899. If Target 1 is achieved, we will aim for Target 2 which is ₹922.

But if ATFL falls below the average value of ₹876.90, you can enter a sell side position with target number 1 - ₹854 and second target - ₹832 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 ATFL

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

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

Tomorrow's Volume based share price Forecast for ATFL

ATFL'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 -86%.

Reversal detection for ATFL

Predicted trend chart of ATFL tomorrow for price forecast
ATFL may trend may continue to be bearish since stock is making lower low and we can get target of ₹868 in morning tomorrow
Target 1 tomorrow894
Target 2 tomorrow905
Target 3 tomorrow922
 

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 ATFL'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 ATFL opens on a positive note, our first target will be ₹898.80. If Target 1 is achieved, we will aim for Target 2 which is ₹921.90.

But if ATFL falls below the average value of ₹876.90, you can enter a sell side position with target number 1 - ₹853.80 and second target - ₹831.90

ATFL's Weekly Targets
1st Up Target 910.52
2nd Up Target 945.33
1st Down Target 830.37
2nd Down Target 785.03

As the week for ATFL ended on bullish sentiments, we can expect further continuation of this sentiment. ATFL's initial target will be 910.52 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 830.37 in the upcoming week.

Weekly OHLC Values
Open 822.70
High 900.00
Low 819.85
Close 875.70

Week for ATFL started with an open price of 822.70, and the close was at 875.70. ATFL reached the highest of 900.00 and dipped lowest up to 819.85 last week. This indicates a bullish sentiment for the week.

ATFL full month swing targets
Monthly Up Target 1 990.67
Monthly Up Target 2 1,025.48
Monthly Down Target 1 750.22
Monthly Down Target 2 624.73

Targets of ₹990.67 can be expected to be reached in the coming month. Once ATFL achieved this target, we can aim for the next upside target of ₹1,025.48.

ATFL if fails to hold upside, down targets of ₹750.22 and ₹624.73 can be achieved by end of this month.

For complete three weeks if ATFL 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 ATFL

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NESTLEIND Nestle India Limited Packaged Foods
VBL Varun Beverages Limited Beverages - Non-Alcoholic

Summary

ATFL is expected to reach the target of 898.80 in tomorrow's trading session.

After achieving the initial target in ATFL, we will aim for higher targets of 921.90 tomorrow.

However, if ATFL starts to trade below ₹876.90, then we will shift our focus to the sell side and aim for down targets of 853.80 and 831.90.