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

Autoline Industries Limited

Symbol: NSE:AUTOIND

ISIN: INE718H01014

126.45

As on 2024-04-12

61.35 (52W Low) 165.30 (52W High)

AUTOIND's Today's Performance

Autoline Industries Limited started the day by opening at 131.75 today 2024-04-12. Its shares reached a high of 131.75 and dipped to a low of 125.00 in intraday. When the markets closed, AUTOIND’s stock price settled at ₹126.45 per share. Also check out its key support and resistance levels.

AUTOIND Buy/Sell Targets

Tomorrow, sell AUTOIND when its price reaches ₹ 126.45 with a stop-loss order at ₹ 129.56. You can set the target price as ₹ 123.34 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 AUTOIND 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 AUTOIND

Resistance Levels Value in ₹
Tomorrow Resistance 1 130
Tomorrow Resistance 2 134
Tomorrow Resistance 3 137

Important Supports for AUTOIND

Support Levels Value in ₹
Tomorrow Support 1 124
Tomorrow Support 2 121
Tomorrow Support 3 117
Based on where the stock opens tomorrow, if AUTOIND opens on a positive note, our first target will be ₹130. If Target 1 is achieved, we will aim for Target 2 which is ₹134.

But if AUTOIND falls below the average value of ₹127.73, you can enter a sell side position with target number 1 - ₹124 and second target - ₹121 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 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, 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 moderate bearish.

Tomorrow's Volume based share price Forecast for AUTOIND

AUTOIND's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is 68%.

Reversal detection for AUTOIND

Predicted trend chart of AUTOIND tomorrow for price forecast
AUTOIND may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹132 in morning tomorrow
Target 1 tomorrow130
Target 2 tomorrow132
Target 3 tomorrow134
 

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 ₹130.47. If Target 1 is achieved, we will aim for Target 2 which is ₹134.48.

But if AUTOIND falls below the average value of ₹127.73, you can enter a sell side position with target number 1 - ₹123.72 and second target - ₹120.98

AUTOIND's Weekly Targets
1st Up Target 135.17
2nd Up Target 143.88
1st Down Target 121.37
2nd Down Target 116.28

As the week for AUTOIND ended on bearish sentiments, we can expect further continuation of this sentiment. AUTOIND's initial target will be 135.17 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 121.37 in the upcoming week.

Weekly OHLC Values
Open 138.75
High 138.80
Low 125.00
Close 126.45

Week for AUTOIND started with an open price of 138.75, and the close was at 126.45. AUTOIND reached the highest of 138.80 and dipped lowest up to 125.00 last week. This indicates a bearish sentiment for the week.

AUTOIND full month swing targets
Monthly Up Target 1 148.97
Monthly Up Target 2 157.68
Monthly Down Target 1 107.57
Monthly Down Target 2 88.68

Targets of ₹148.97 can be expected to be reached in the coming month. Once AUTOIND achieved this target, we can aim for the next upside target of ₹157.68.

AUTOIND if fails to hold upside, down targets of ₹107.57 and ₹88.68 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 130.47 in tomorrow's trading session.

After achieving the initial target in AUTOIND, we will aim for higher targets of 134.48 tomorrow.

However, if AUTOIND starts to trade below ₹127.73, then we will shift our focus to the sell side and aim for down targets of 123.72 and 120.98.