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

Agro Tech Foods Limited

Symbol: NSE:ATFL

ISIN: INE209A01019

709.25

As on 2024-04-12

650.05 (52W Low) 1,090.00 (52W High)

ATFL's Today's Performance

Agro Tech Foods Limited started the day by opening at 719.00 today 2024-04-12. Its shares reached a high of 725.90 and dipped to a low of 701.10 in intraday. When the markets closed, ATFL’s stock price settled at ₹709.25 per share. Also check out its key support and resistance levels.

ATFL Buy/Sell Targets

Tomorrow, sell ATFL when its price reaches ₹ 709.25 with a stop-loss order at ₹ 718.36. You can set the target price as ₹ 700.14 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 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 ATFL

Resistance Levels Value in ₹
Tomorrow Resistance 1 723
Tomorrow Resistance 2 737
Tomorrow Resistance 3 748

Important Supports for ATFL

Support Levels Value in ₹
Tomorrow Support 1 698
Tomorrow Support 2 687
Tomorrow Support 3 673
Based on where the stock opens tomorrow, if ATFL opens on a positive note, our first target will be ₹723. If Target 1 is achieved, we will aim for Target 2 which is ₹737.

But if ATFL falls below the average value of ₹712.08, you can enter a sell side position with target number 1 - ₹698 and second target - ₹687 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 ₹713 in morning tomorrow
Target 1 tomorrow722
Target 2 tomorrow727
Target 3 tomorrow737
 

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 ₹723.07. If Target 1 is achieved, we will aim for Target 2 which is ₹736.88.

But if ATFL falls below the average value of ₹712.08, you can enter a sell side position with target number 1 - ₹698.27 and second target - ₹687.28

ATFL's Weekly Targets
1st Up Target 725.07
2nd Up Target 740.88
1st Down Target 697.27
2nd Down Target 685.28

As the week for ATFL ended on bearish sentiments, we can expect further continuation of this sentiment. ATFL's initial target will be 725.07 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 697.27 in the upcoming week.

Weekly OHLC Values
Open 710.15
High 728.90
Low 701.10
Close 709.25

Week for ATFL started with an open price of 710.15, and the close was at 709.25. ATFL reached the highest of 728.90 and dipped lowest up to 701.10 last week. This indicates a bearish sentiment for the week.

ATFL full month swing targets
Monthly Up Target 1 752.87
Monthly Up Target 2 768.68
Monthly Down Target 1 669.47
Monthly Down Target 2 629.68

Targets of ₹752.87 can be expected to be reached in the coming month. Once ATFL achieved this target, we can aim for the next upside target of ₹768.68.

ATFL if fails to hold upside, down targets of ₹669.47 and ₹629.68 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 723.07 in tomorrow's trading session.

After achieving the initial target in ATFL, we will aim for higher targets of 736.88 tomorrow.

However, if ATFL starts to trade below ₹712.08, then we will shift our focus to the sell side and aim for down targets of 698.27 and 687.28.