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

Adani Total Gas Limited

Symbol: NSE:ATGL

ISIN: INE399L01023

913.65

As on 2024-05-17

522.00 (52W Low) 1,259.40 (52W High)

ATGL's Today's Performance

Adani Total Gas Limited started the day by opening at 909.55 today 2024-05-17. Its shares reached a high of 917.40 and dipped to a low of 902.10 in intraday. When the markets closed, ATGL’s stock price settled at ₹913.65 per share. Also check out its key support and resistance levels.

ATGL Buy/Sell Targets

Tomorrow, buy ATGL when its price reaches ₹ 913.65 with a stop-loss order at ₹ 903.69. You can set the target price as ₹ 923.61 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 ATGL 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 ATGL

Downside Targets Value in ₹
Tomorrow Down Target 1 920
Tomorrow Down Target 2 926
Tomorrow Down Target 3 935

Important Levels for ATGL

Holding Levels Value in ₹
Tomorrow Up Target 1 905
Tomorrow Up Target 2 896
Tomorrow Up Target 3 889
Based on where the stock opens tomorrow, if ATGL opens on a positive note, our first target will be ₹920. If Target 1 is achieved, we will aim for Target 2 which is ₹926.

But if ATGL falls below the average value of ₹911.05, you can enter a sell side position with target number 1 - ₹905 and second target - ₹896 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 ATGL

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

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

Tomorrow's Volume based share price Forecast for ATGL

ATGL'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 -41%.

Reversal detection for ATGL

Predicted trend chart of ATGL tomorrow for price forecast
ATGL may trend may continue to be bullish since stock is making higher highs and we can get target of ₹911 in morning tomorrow
Target 1 tomorrow917
Target 2 tomorrow921
Target 3 tomorrow926
 

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 ATGL'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 ATGL opens on a positive note, our first target will be ₹920.00. If Target 1 is achieved, we will aim for Target 2 which is ₹926.35.

But if ATGL falls below the average value of ₹911.05, you can enter a sell side position with target number 1 - ₹904.70 and second target - ₹895.75

ATGL's Weekly Targets
1st Up Target 947.93
2nd Up Target 982.22
1st Down Target 864.23
2nd Down Target 814.82

As the week for ATGL ended on bullish sentiments, we can expect further continuation of this sentiment. ATGL's initial target will be 947.93 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 864.23 in the upcoming week.

Weekly OHLC Values
Open 875.00
High 932.80
Low 849.10
Close 913.65

Week for ATGL started with an open price of 875.00, and the close was at 913.65. ATGL reached the highest of 932.80 and dipped lowest up to 849.10 last week. This indicates a bullish sentiment for the week.

ATGL full month swing targets
Monthly Up Target 1 1,031.63
Monthly Up Target 2 1,065.92
Monthly Down Target 1 780.53
Monthly Down Target 2 647.42

Targets of ₹1,031.63 can be expected to be reached in the coming month. Once ATGL achieved this target, we can aim for the next upside target of ₹1,065.92.

ATGL if fails to hold upside, down targets of ₹780.53 and ₹647.42 can be achieved by end of this month.

For complete three weeks if ATGL 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 ATGL

Symbol Name Industry
NTPC NTPC Limited Utilities - Regulated Electric
ADANIGREEN Adani Green Energy Limited Utilities - Renewable
POWERGRID Power Grid Corporation of India Limited Utilities - Regulated Electric
ADANIPOWER Adani Power Limited Utilities - Independent Power Producers
TATAPOWER Tata Power Company Limited Utilities - Independent Power Producers

Summary

ATGL is expected to reach the target of 920.00 in tomorrow's trading session.

After achieving the initial target in ATGL, we will aim for higher targets of 926.35 tomorrow.

However, if ATGL starts to trade below ₹911.05, then we will shift our focus to the sell side and aim for down targets of 904.70 and 895.75.