Price and trend forecast of AVADHSUGAR for Tomorrow, Weekly, Monthly
Avadh Sugar & Energy Limited
Symbol: NSE:AVADHSUGAR
ISIN: INE349W01017
745.35
As on 2024-10-11
AVADHSUGAR's Today's Performance
Avadh Sugar & Energy Limited started the day by opening at 756.95 today 2024-10-11. Its shares reached a high of 760.00 and dipped to a low of 740.10 in intraday. When the markets closed, AVADHSUGAR’s stock price settled at ₹745.35 per share. Also check out its key support and resistance levels.
AVADHSUGAR Buy/Sell Targets
Tomorrow, sell AVADHSUGAR when its price reaches ₹ 745.35 with a stop-loss order at ₹ 758.83. You can set the target price as ₹ 731.88 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 AVADHSUGAR 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 AVADHSUGAR
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 757 |
| Tomorrow Down Target 2 | 768 |
| Tomorrow Down Target 3 | 777 |
Important Levels for AVADHSUGAR
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 737 |
| Tomorrow Up Target 2 | 729 |
| Tomorrow Up Target 3 | 717 |
Based on where the stock opens tomorrow, if AVADHSUGAR opens on a positive note, our first target will be ₹757. If Target 1 is achieved, we will aim for Target 2 which is ₹768.
But if AVADHSUGAR falls below the average value of ₹748.48, you can enter a sell side position with target number 1 - ₹737 and second target - ₹729 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 AVADHSUGAR
Looking at AVADHSUGAR, 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, AVADHSUGAR has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for AVADHSUGAR is moderate bearish.
Tomorrow's Volume based share price Forecast for AVADHSUGAR
AVADHSUGAR'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 77%.
Reversal detection for AVADHSUGAR
AVADHSUGAR may trend may continue to be bearish since stock is making lower low and we can get target of ₹764 in morning tomorrow
| Target 1 tomorrow | 756 |
| Target 2 tomorrow | 761 |
| Target 3 tomorrow | 768 |
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 AVADHSUGAR'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 AVADHSUGAR opens on a positive note, our first target will be ₹756.87. If Target 1 is achieved, we will aim for Target 2 which is ₹768.38.
But if AVADHSUGAR falls below the average value of ₹748.48, you can enter a sell side position with target number 1 - ₹736.97 and second target - ₹728.58
AVADHSUGAR's Weekly Targets
| 1st Up Target | 788.65 |
| 2nd Up Target | 831.95 |
| 1st Down Target | 703.40 |
| 2nd Down Target | 661.45 |
As the week for AVADHSUGAR ended on bearish sentiments, we can expect further continuation of this sentiment. AVADHSUGAR's initial target will be 788.65 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 703.40 in the upcoming week.
Weekly OHLC Values
| Open | 773.85 |
| High | 790.00 |
| Low | 704.75 |
| Close | 745.35 |
Week for AVADHSUGAR started with an open price of 773.85, and the close was at 745.35. AVADHSUGAR reached the highest of 790.00 and dipped lowest up to 704.75 last week. This indicates a bearish sentiment for the week.
AVADHSUGAR full month swing targets
| Monthly Up Target 1 | 873.90 |
| Monthly Up Target 2 | 917.20 |
| Monthly Down Target 1 | 618.15 |
| Monthly Down Target 2 | 490.95 |
Targets of ₹873.90 can be expected to be reached in the coming month. Once AVADHSUGAR achieved this target, we can aim for the next upside target of ₹917.20.
AVADHSUGAR if fails to hold upside, down targets of ₹618.15 and ₹490.95 can be achieved by end of this month.
For complete three weeks if AVADHSUGAR 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 AVADHSUGAR
| Symbol | Name | Industry |
|---|---|---|
| ITC | ITC Limited | Tobacco |
| HINDUNILVR | Hindustan Unilever Limited | Household & Personal Products |
| DMART | Avenue Supermarts Limited | Discount Stores |
| NESTLEIND | Nestle India Limited | Packaged Foods |
| VBL | Varun Beverages Limited | Beverages - Non-Alcoholic |
Summary
AVADHSUGAR is expected to reach the target of 756.87 in tomorrow's trading session.
After achieving the initial target in AVADHSUGAR, we will aim for higher targets of 768.38 tomorrow.
However, if AVADHSUGAR starts to trade below ₹748.48, then we will shift our focus to the sell side and aim for down targets of 736.97 and 728.58.