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Price and trend forecast of BAJAJHIND for Tomorrow, Weekly, Monthly

Bajaj Hindusthan Sugar Limited

Symbol: NSE:BAJAJHIND

ISIN: INE306A01021

30.60

As on 2024-04-19

13.15 (52W Low) 40.50 (52W High)

BAJAJHIND's Today's Performance

Bajaj Hindusthan Sugar Limited started the day by opening at 30.25 today 2024-04-19. Its shares reached a high of 30.80 and dipped to a low of 29.85 in intraday. When the markets closed, BAJAJHIND’s stock price settled at ₹30.60 per share. Also check out its key support and resistance levels.

BAJAJHIND Buy/Sell Targets

Tomorrow, sell BAJAJHIND when its price reaches ₹ 30.60 with a stop-loss order at ₹ 31.27. You can set the target price as ₹ 29.93 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 31
Tomorrow Down Target 2 31
Tomorrow Down Target 3 32

Important Levels for BAJAJHIND

Holding Levels Value in ₹
Tomorrow Up Target 1 30
Tomorrow Up Target 2 29
Tomorrow Up Target 3 29
Based on where the stock opens tomorrow, if BAJAJHIND opens on a positive note, our first target will be ₹31. If Target 1 is achieved, we will aim for Target 2 which is ₹31.

But if BAJAJHIND falls below the average value of ₹30.42, you can enter a sell side position with target number 1 - ₹30 and second target - ₹29 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 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, 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 moderate bearish.

Tomorrow's Volume based share price Forecast for BAJAJHIND

BAJAJHIND'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 31%.

Reversal detection for BAJAJHIND

Predicted trend chart of BAJAJHIND tomorrow for price forecast
BAJAJHIND may trend may continue to be bearish since stock is making lower low and we can get target of ₹31 in morning tomorrow
Target 1 tomorrow31
Target 2 tomorrow31
Target 3 tomorrow31
 

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 ₹30.98. If Target 1 is achieved, we will aim for Target 2 which is ₹31.37.

But if BAJAJHIND falls below the average value of ₹30.42, you can enter a sell side position with target number 1 - ₹30.03 and second target - ₹29.47

BAJAJHIND's Weekly Targets
1st Up Target 31.73
2nd Up Target 32.87
1st Down Target 29.58
2nd Down Target 28.57

As the week for BAJAJHIND ended on bearish sentiments, we can expect further continuation of this sentiment. BAJAJHIND's initial target will be 31.73 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 29.58 in the upcoming week.

Weekly OHLC Values
Open 31.20
High 31.85
Low 29.70
Close 30.60

Week for BAJAJHIND started with an open price of 31.20, and the close was at 30.60. BAJAJHIND reached the highest of 31.85 and dipped lowest up to 29.70 last week. This indicates a bearish sentiment for the week.

BAJAJHIND full month swing targets
Monthly Up Target 1 33.88
Monthly Up Target 2 35.02
Monthly Down Target 1 27.43
Monthly Down Target 2 24.27

Targets of ₹33.88 can be expected to be reached in the coming month. Once BAJAJHIND achieved this target, we can aim for the next upside target of ₹35.02.

BAJAJHIND if fails to hold upside, down targets of ₹27.43 and ₹24.27 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.

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NESTLEIND Nestle India Limited Packaged Foods
VBL Varun Beverages Limited Beverages - Non-Alcoholic

Summary

BAJAJHIND is expected to reach the target of 30.98 in tomorrow's trading session.

After achieving the initial target in BAJAJHIND, we will aim for higher targets of 31.37 tomorrow.

However, if BAJAJHIND starts to trade below ₹30.42, then we will shift our focus to the sell side and aim for down targets of 30.03 and 29.47.