Price and trend forecast of HERANBA for Tomorrow, Weekly, Monthly
Heranba Industries Limited
Symbol: NSE:HERANBA
ISIN: INE694N01015
481.20
As on 2024-09-11
HERANBA's Today's Performance
Heranba Industries Limited started the day by opening at 488.00 today 2024-09-11. Its shares reached a high of 497.70 and dipped to a low of 479.35 in intraday. When the markets closed, HERANBA’s stock price settled at ₹481.20 per share. Also check out its key support and resistance levels.
HERANBA Buy/Sell Targets
Tomorrow, sell HERANBA when its price reaches ₹ 481.20 with a stop-loss order at ₹ 489.95. You can set the target price as ₹ 472.45 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 HERANBA 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 HERANBA
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 493 |
| Tomorrow Down Target 2 | 504 |
| Tomorrow Down Target 3 | 511 |
Important Levels for HERANBA
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 474 |
| Tomorrow Up Target 2 | 468 |
| Tomorrow Up Target 3 | 456 |
Based on where the stock opens tomorrow, if HERANBA opens on a positive note, our first target will be ₹493. If Target 1 is achieved, we will aim for Target 2 which is ₹504.
But if HERANBA falls below the average value of ₹486.08, you can enter a sell side position with target number 1 - ₹474 and second target - ₹468 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 HERANBA
Looking at HERANBA, 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, HERANBA has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for HERANBA is moderate bearish.
Tomorrow's Volume based share price Forecast for HERANBA
HERANBA'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 -82%.
Reversal detection for HERANBA
HERANBA may trend may continue to be bearish since stock is making lower low and we can get target of ₹488 in morning tomorrow
| Target 1 tomorrow | 493 |
| Target 2 tomorrow | 497 |
| Target 3 tomorrow | 504 |
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 HERANBA'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 HERANBA opens on a positive note, our first target will be ₹492.82. If Target 1 is achieved, we will aim for Target 2 which is ₹504.43.
But if HERANBA falls below the average value of ₹486.08, you can enter a sell side position with target number 1 - ₹474.47 and second target - ₹467.73
HERANBA's Weekly Targets
| 1st Up Target | 495.62 |
| 2nd Up Target | 510.03 |
| 1st Down Target | 471.17 |
| 2nd Down Target | 461.13 |
As the week for HERANBA ended on bearish sentiments, we can expect further continuation of this sentiment. HERANBA's initial target will be 495.62 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 471.17 in the upcoming week.
Weekly OHLC Values
| Open | 485.05 |
| High | 500.00 |
| Low | 475.55 |
| Close | 481.20 |
Week for HERANBA started with an open price of 485.05, and the close was at 481.20. HERANBA reached the highest of 500.00 and dipped lowest up to 475.55 last week. This indicates a bearish sentiment for the week.
HERANBA full month swing targets
| Monthly Up Target 1 | 520.07 |
| Monthly Up Target 2 | 534.48 |
| Monthly Down Target 1 | 446.72 |
| Monthly Down Target 2 | 412.23 |
Targets of ₹520.07 can be expected to be reached in the coming month. Once HERANBA achieved this target, we can aim for the next upside target of ₹534.48.
HERANBA if fails to hold upside, down targets of ₹446.72 and ₹412.23 can be achieved by end of this month.
For complete three weeks if HERANBA 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 HERANBA
| Symbol | Name | Industry |
|---|---|---|
| ULTRACEMCO | UltraTech Cement Limited | Building Materials |
| ASIANPAINT | Asian Paints Limited | Specialty Chemicals |
| JSWSTEEL | JSW Steel Limited | Steel |
| TATASTEEL | Tata Steel Limited | Steel |
| GRASIM | Grasim Industries Limited | Building Materials |
Summary
HERANBA is expected to reach the target of 492.82 in tomorrow's trading session.
After achieving the initial target in HERANBA, we will aim for higher targets of 504.43 tomorrow.
However, if HERANBA starts to trade below ₹486.08, then we will shift our focus to the sell side and aim for down targets of 474.47 and 467.73.