Price and trend forecast of AVALON for Tomorrow, Weekly, Monthly
AVALON TECHNOLOGIES LTD
Symbol: NSE:AVALON
ISIN: INE0LCL01028
575.95
As on 2024-10-17
AVALON's Today's Performance
AVALON TECHNOLOGIES LTD started the day by opening at 609.95 today 2024-10-17. Its shares reached a high of 615.00 and dipped to a low of 572.35 in intraday. When the markets closed, AVALON’s stock price settled at ₹575.95 per share. Also check out its key support and resistance levels.
AVALON Buy/Sell Targets
Tomorrow, sell AVALON when its price reaches ₹ 575.95 with a stop-loss order at ₹ 592.73. You can set the target price as ₹ 559.17 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 AVALON 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 AVALON
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 603 |
| Tomorrow Down Target 2 | 630 |
| Tomorrow Down Target 3 | 646 |
Important Levels for AVALON
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 561 |
| Tomorrow Up Target 2 | 545 |
| Tomorrow Up Target 3 | 518 |
Based on where the stock opens tomorrow, if AVALON opens on a positive note, our first target will be ₹603. If Target 1 is achieved, we will aim for Target 2 which is ₹630.
But if AVALON falls below the average value of ₹587.77, you can enter a sell side position with target number 1 - ₹561 and second target - ₹545 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 AVALON
Looking at AVALON, 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, AVALON has been on a Upward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for AVALON is strong bullish.
Tomorrow's Volume based share price Forecast for AVALON
AVALON's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a strong bullish trend. Volume trend strength over the last month compared to the last week is 256%.
Reversal detection for AVALON
AVALON may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹616 in morning tomorrow
| Target 1 tomorrow | 604 |
| Target 2 tomorrow | 614 |
| Target 3 tomorrow | 630 |
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 AVALON'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 AVALON opens on a positive note, our first target will be ₹603.18. If Target 1 is achieved, we will aim for Target 2 which is ₹630.42.
But if AVALON falls below the average value of ₹587.77, you can enter a sell side position with target number 1 - ₹560.53 and second target - ₹545.12
AVALON's Weekly Targets
| 1st Up Target | 632.52 |
| 2nd Up Target | 689.08 |
| 1st Down Target | 545.87 |
| 2nd Down Target | 515.78 |
As the week for AVALON ended on bearish sentiments, we can expect further continuation of this sentiment. AVALON's initial target will be 632.52 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 545.87 in the upcoming week.
Weekly OHLC Values
| Open | 628.00 |
| High | 659.00 |
| Low | 572.35 |
| Close | 575.95 |
Week for AVALON started with an open price of 628.00, and the close was at 575.95. AVALON reached the highest of 659.00 and dipped lowest up to 572.35 last week. This indicates a bearish sentiment for the week.
AVALON full month swing targets
| Monthly Up Target 1 | 719.17 |
| Monthly Up Target 2 | 775.73 |
| Monthly Down Target 1 | 459.22 |
| Monthly Down Target 2 | 342.48 |
Targets of ₹719.17 can be expected to be reached in the coming month. Once AVALON achieved this target, we can aim for the next upside target of ₹775.73.
AVALON if fails to hold upside, down targets of ₹459.22 and ₹342.48 can be achieved by end of this month.
For complete three weeks if AVALON 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 AVALON
| Symbol | Name | Industry |
|---|---|---|
| TCS | Tata Consultancy Services Limited | Information Technology Services |
| INFY | Infosys Limited | Information Technology Services |
| CYIENTDLM | Cyient DLM Limited | Electronic Components |
| HCLTECH | HCL Technologies Limited | Information Technology Services |
| IDEAFORGE | ideaForge Technology Limited | Computer Hardware |
Summary
AVALON is expected to reach the target of 603.18 in tomorrow's trading session.
After achieving the initial target in AVALON, we will aim for higher targets of 630.42 tomorrow.
However, if AVALON starts to trade below ₹587.77, then we will shift our focus to the sell side and aim for down targets of 560.53 and 545.12.