Price and trend forecast of HMT for Tomorrow, Weekly, Monthly
HMT Limited
Symbol: NSE:HMT
ISIN: INE262A01018
69.84
As on 2024-12-06
HMT's Today's Performance
HMT Limited started the day by opening at 70.90 today 2024-12-06. Its shares reached a high of 72.00 and dipped to a low of 68.00 in intraday. When the markets closed, HMT’s stock price settled at ₹69.84 per share. Also check out its key support and resistance levels.
HMT Buy/Sell Targets
Tomorrow, sell HMT when its price reaches ₹ 69.84 with a stop-loss order at ₹ 71.51. You can set the target price as ₹ 68.17 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 HMT 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 HMT
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 72 |
| Tomorrow Down Target 2 | 74 |
| Tomorrow Down Target 3 | 76 |
Important Levels for HMT
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 68 |
| Tomorrow Up Target 2 | 66 |
| Tomorrow Up Target 3 | 64 |
Based on where the stock opens tomorrow, if HMT opens on a positive note, our first target will be ₹72. If Target 1 is achieved, we will aim for Target 2 which is ₹74.
But if HMT falls below the average value of ₹69.95, you can enter a sell side position with target number 1 - ₹68 and second target - ₹66 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 HMT
Looking at HMT, 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, HMT has been on a Upward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for HMT is moderate bullish.
Tomorrow's Volume based share price Forecast for HMT
HMT's Volume is currently in a Decreasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is 780%.
Reversal detection for HMT
HMT may trend may continue to be bearish since stock is making lower low and we can get target of ₹71 in morning tomorrow
| Target 1 tomorrow | 71 |
| Target 2 tomorrow | 72 |
| Target 3 tomorrow | 74 |
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 HMT'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 HMT opens on a positive note, our first target will be ₹71.89. If Target 1 is achieved, we will aim for Target 2 which is ₹73.95.
But if HMT falls below the average value of ₹69.95, you can enter a sell side position with target number 1 - ₹67.89 and second target - ₹65.95
HMT's Weekly Targets
| 1st Up Target | 74.06 |
| 2nd Up Target | 78.28 |
| 1st Down Target | 63.56 |
| 2nd Down Target | 57.28 |
As the week for HMT ended on bullish sentiments, we can expect further continuation of this sentiment. HMT's initial target will be 74.06 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 63.56 in the upcoming week.
Weekly OHLC Values
| Open | 63.50 |
| High | 72.00 |
| Low | 61.50 |
| Close | 69.84 |
Week for HMT started with an open price of 63.50, and the close was at 69.84. HMT reached the highest of 72.00 and dipped lowest up to 61.50 last week. This indicates a bullish sentiment for the week.
HMT full month swing targets
| Monthly Up Target 1 | 84.56 |
| Monthly Up Target 2 | 88.78 |
| Monthly Down Target 1 | 53.06 |
| Monthly Down Target 2 | 36.28 |
Targets of ₹84.56 can be expected to be reached in the coming month. Once HMT achieved this target, we can aim for the next upside target of ₹88.78.
HMT if fails to hold upside, down targets of ₹53.06 and ₹36.28 can be achieved by end of this month.
For complete three weeks if HMT 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 HMT
| Symbol | Name | Industry |
|---|---|---|
| LT | Larsen & Toubro Limited | Engineering & Construction |
| ADANIPORTS | Adani Ports and Special Economic Zone Limited | Marine Shipping |
| HAL | Hindustan Aeronautics Limited | Aerospace & Defense |
| SIEMENS | Siemens Limited | Specialty Industrial Machinery |
| BEL | Bharat Electronics Limited | Aerospace & Defense |
Summary
HMT is expected to reach the target of 71.89 in tomorrow's trading session.
After achieving the initial target in HMT, we will aim for higher targets of 73.95 tomorrow.
However, if HMT starts to trade below ₹69.95, then we will shift our focus to the sell side and aim for down targets of 67.89 and 65.95.