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

Hindustan Aeronautics Limited

Symbol: NSE:HAL

ISIN: INE066F01012

4,531.70

As on 2024-05-17

1,767.80 (52W Low) 4,665.95 (52W High)

HAL's Today's Performance

Hindustan Aeronautics Limited started the day by opening at 4,644.95 today 2024-05-17. Its shares reached a high of 4,665.95 and dipped to a low of 4,485.05 in intraday. When the markets closed, HAL’s stock price settled at ₹4,531.70 per share. Also check out its key support and resistance levels.

HAL Buy/Sell Targets

Tomorrow, sell HAL when its price reaches ₹ 4,531.70 with a stop-loss order at ₹ 4,668.85. You can set the target price as ₹ 4,394.55 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 HAL 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 HAL

Downside Targets Value in ₹
Tomorrow Down Target 1 4,637
Tomorrow Down Target 2 4,742
Tomorrow Down Target 3 4,818

Important Levels for HAL

Holding Levels Value in ₹
Tomorrow Up Target 1 4,456
Tomorrow Up Target 2 4,380
Tomorrow Up Target 3 4,275
Based on where the stock opens tomorrow, if HAL opens on a positive note, our first target will be ₹4,637. If Target 1 is achieved, we will aim for Target 2 which is ₹4,742.

But if HAL falls below the average value of ₹4,560.90, you can enter a sell side position with target number 1 - ₹4,456 and second target - ₹4,380 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 HAL

Looking at HAL, 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, HAL has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for HAL is moderate bullish.

Tomorrow's Volume based share price Forecast for HAL

HAL's Volume is currently in a Increasing 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 -31%.

Reversal detection for HAL

Predicted trend chart of HAL tomorrow for price forecast
HAL may trend may continue to be bearish since stock is making lower low and we can get target of ₹4472 in morning tomorrow
Target 1 tomorrow4630
Target 2 tomorrow4673
Target 3 tomorrow4742
 

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 HAL'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 HAL opens on a positive note, our first target will be ₹4,636.75. If Target 1 is achieved, we will aim for Target 2 which is ₹4,741.80.

But if HAL falls below the average value of ₹4,560.90, you can enter a sell side position with target number 1 - ₹4,455.85 and second target - ₹4,380.00

HAL's Weekly Targets
1st Up Target 4,877.57
2nd Up Target 5,223.43
1st Down Target 3,974.22
2nd Down Target 3,416.73

As the week for HAL ended on bullish sentiments, we can expect further continuation of this sentiment. HAL's initial target will be 4,877.57 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 3,974.22 in the upcoming week.

Weekly OHLC Values
Open 3,875.50
High 4,665.95
Low 3,762.60
Close 4,531.70

Week for HAL started with an open price of 3,875.50, and the close was at 4,531.70. HAL reached the highest of 4,665.95 and dipped lowest up to 3,762.60 last week. This indicates a bullish sentiment for the week.

HAL full month swing targets
Monthly Up Target 1 5,780.92
Monthly Up Target 2 6,126.78
Monthly Down Target 1 3,070.87
Monthly Down Target 2 1,610.03

Targets of ₹5,780.92 can be expected to be reached in the coming month. Once HAL achieved this target, we can aim for the next upside target of ₹6,126.78.

HAL if fails to hold upside, down targets of ₹3,070.87 and ₹1,610.03 can be achieved by end of this month.

For complete three weeks if HAL 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 HAL

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

HAL is expected to reach the target of 4,636.75 in tomorrow's trading session.

After achieving the initial target in HAL, we will aim for higher targets of 4,741.80 tomorrow.

However, if HAL starts to trade below ₹4,560.90, then we will shift our focus to the sell side and aim for down targets of 4,455.85 and 4,380.00.