Price and trend forecast of BAJAJHIND for Tomorrow, Weekly, Monthly
Bajaj Hindusthan Sugar Limited
Symbol: NSE:BAJAJHIND
ISIN: INE306A01021
40.45
As on 2024-10-04
BAJAJHIND's Today's Performance
Bajaj Hindusthan Sugar Limited started the day by opening at 41.29 today 2024-10-04. Its shares reached a high of 41.94 and dipped to a low of 39.94 in intraday. When the markets closed, BAJAJHIND’s stock price settled at ₹40.45 per share. Also check out its key support and resistance levels.
BAJAJHIND Buy/Sell Targets
Tomorrow, sell BAJAJHIND when its price reaches ₹ 40.45 with a stop-loss order at ₹ 41.61. You can set the target price as ₹ 39.29 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 BAJAJHIND 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 BAJAJHIND
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 42 |
| Tomorrow Down Target 2 | 43 |
| Tomorrow Down Target 3 | 44 |
Important Levels for BAJAJHIND
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 40 |
| Tomorrow Up Target 2 | 39 |
| Tomorrow Up Target 3 | 38 |
Based on where the stock opens tomorrow, if BAJAJHIND opens on a positive note, our first target will be ₹42. If Target 1 is achieved, we will aim for Target 2 which is ₹43.
But if BAJAJHIND falls below the average value of ₹40.78, you can enter a sell side position with target number 1 - ₹40 and second target - ₹39 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 BAJAJHIND
Looking at BAJAJHIND, 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, BAJAJHIND has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for BAJAJHIND is strong bearish.
Tomorrow's Volume based share price Forecast for BAJAJHIND
BAJAJHIND'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 31%.
Reversal detection for BAJAJHIND
BAJAJHIND may trend may continue to be bearish since stock is making lower low and we can get target of ₹42 in morning tomorrow
| Target 1 tomorrow | 42 |
| Target 2 tomorrow | 42 |
| Target 3 tomorrow | 43 |
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 BAJAJHIND'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 BAJAJHIND opens on a positive note, our first target will be ₹41.61. If Target 1 is achieved, we will aim for Target 2 which is ₹42.78.
But if BAJAJHIND falls below the average value of ₹40.78, you can enter a sell side position with target number 1 - ₹39.61 and second target - ₹38.78
BAJAJHIND's Weekly Targets
| 1st Up Target | 43.55 |
| 2nd Up Target | 46.64 |
| 1st Down Target | 38.65 |
| 2nd Down Target | 36.84 |
As the week for BAJAJHIND ended on bearish sentiments, we can expect further continuation of this sentiment. BAJAJHIND's initial target will be 43.55 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 38.65 in the upcoming week.
Weekly OHLC Values
| Open | 42.40 |
| High | 44.84 |
| Low | 39.94 |
| Close | 40.45 |
Week for BAJAJHIND started with an open price of 42.40, and the close was at 40.45. BAJAJHIND reached the highest of 44.84 and dipped lowest up to 39.94 last week. This indicates a bearish sentiment for the week.
BAJAJHIND full month swing targets
| Monthly Up Target 1 | 48.45 |
| Monthly Up Target 2 | 51.54 |
| Monthly Down Target 1 | 33.75 |
| Monthly Down Target 2 | 27.04 |
Targets of ₹48.45 can be expected to be reached in the coming month. Once BAJAJHIND achieved this target, we can aim for the next upside target of ₹51.54.
BAJAJHIND if fails to hold upside, down targets of ₹33.75 and ₹27.04 can be achieved by end of this month.
For complete three weeks if BAJAJHIND 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 BAJAJHIND
| 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
BAJAJHIND is expected to reach the target of 41.61 in tomorrow's trading session.
After achieving the initial target in BAJAJHIND, we will aim for higher targets of 42.78 tomorrow.
However, if BAJAJHIND starts to trade below ₹40.78, then we will shift our focus to the sell side and aim for down targets of 39.61 and 38.78.