Price and trend forecast of AUTOIND for Tomorrow, Weekly, Monthly
Autoline Industries Limited
Symbol: NSE:AUTOIND
ISIN: INE718H01014
124.01
As on 2024-07-26
AUTOIND's Today's Performance
Autoline Industries Limited started the day by opening at 124.80 today 2024-07-26. Its shares reached a high of 126.00 and dipped to a low of 123.48 in intraday. When the markets closed, AUTOIND’s stock price settled at ₹124.01 per share. Also check out its key support and resistance levels.
AUTOIND Buy/Sell Targets
Tomorrow, buy AUTOIND when its price reaches ₹ 124.01 with a stop-loss order at ₹ 121.56. You can set the target price as ₹ 126.47 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 AUTOIND 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 AUTOIND
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 126 |
| Tomorrow Down Target 2 | 127 |
| Tomorrow Down Target 3 | 128 |
Important Levels for AUTOIND
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 123 |
| Tomorrow Up Target 2 | 122 |
| Tomorrow Up Target 3 | 120 |
Based on where the stock opens tomorrow, if AUTOIND opens on a positive note, our first target will be ₹126. If Target 1 is achieved, we will aim for Target 2 which is ₹127.
But if AUTOIND falls below the average value of ₹124.50, you can enter a sell side position with target number 1 - ₹123 and second target - ₹122 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 AUTOIND
Looking at AUTOIND, 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, AUTOIND has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for AUTOIND is strong bearish.
Tomorrow's Volume based share price Forecast for AUTOIND
AUTOIND's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a strong bearish trend. Volume trend strength over the last month compared to the last week is 68%.
Reversal detection for AUTOIND
AUTOIND may trend may continue to be bullish since stock is making higher highs and we can get target of ₹124 in morning tomorrow
| Target 1 tomorrow | 125 |
| Target 2 tomorrow | 126 |
| Target 3 tomorrow | 127 |
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 AUTOIND'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 AUTOIND opens on a positive note, our first target will be ₹125.51. If Target 1 is achieved, we will aim for Target 2 which is ₹127.02.
But if AUTOIND falls below the average value of ₹124.50, you can enter a sell side position with target number 1 - ₹122.99 and second target - ₹121.98
AUTOIND's Weekly Targets
| 1st Up Target | 129.67 |
| 2nd Up Target | 135.33 |
| 1st Down Target | 117.75 |
| 2nd Down Target | 111.49 |
As the week for AUTOIND ended on bearish sentiments, we can expect further continuation of this sentiment. AUTOIND's initial target will be 129.67 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 117.75 in the upcoming week.
Weekly OHLC Values
| Open | 128.50 |
| High | 129.07 |
| Low | 117.15 |
| Close | 124.01 |
Week for AUTOIND started with an open price of 128.50, and the close was at 124.01. AUTOIND reached the highest of 129.07 and dipped lowest up to 117.15 last week. This indicates a bearish sentiment for the week.
AUTOIND full month swing targets
| Monthly Up Target 1 | 141.59 |
| Monthly Up Target 2 | 147.25 |
| Monthly Down Target 1 | 105.83 |
| Monthly Down Target 2 | 87.65 |
Targets of ₹141.59 can be expected to be reached in the coming month. Once AUTOIND achieved this target, we can aim for the next upside target of ₹147.25.
AUTOIND if fails to hold upside, down targets of ₹105.83 and ₹87.65 can be achieved by end of this month.
For complete three weeks if AUTOIND 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 AUTOIND
| Symbol | Name | Industry |
|---|---|---|
| MARUTI | Maruti Suzuki India Limited | Auto Manufacturers |
| TATAMTRDVR | Tata Motors Limited | Auto Manufacturers |
| TATAMOTORS | Tata Motors Limited | Auto Manufacturers |
| TITAN | Titan Company Limited | Luxury Goods |
| BAJAJ-AUTO | Bajaj Auto Limited | Auto Manufacturers |
Summary
AUTOIND is expected to reach the target of 125.51 in tomorrow's trading session.
After achieving the initial target in AUTOIND, we will aim for higher targets of 127.02 tomorrow.
However, if AUTOIND starts to trade below ₹124.50, then we will shift our focus to the sell side and aim for down targets of 122.99 and 121.98.