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

Hardwyn India Limited

Symbol: NSE:HARDWYN

ISIN: INE626Z01011

30.41

As on 2024-07-24

26.00 (52W Low) 52.00 (52W High)

HARDWYN's Today's Performance

Hardwyn India Limited started the day by opening at 30.44 today 2024-07-24. Its shares reached a high of 30.54 and dipped to a low of 30.20 in intraday. When the markets closed, HARDWYN’s stock price settled at ₹30.41 per share. Also check out its key support and resistance levels.

HARDWYN Buy/Sell Targets

Tomorrow, buy HARDWYN when its price reaches ₹ 30.41 with a stop-loss order at ₹ 29.85. You can set the target price as ₹ 30.97 to capture potential gains. This buy 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 HARDWYN 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 HARDWYN

Downside Targets Value in ₹
Tomorrow Down Target 1 31
Tomorrow Down Target 2 31
Tomorrow Down Target 3 31

Important Levels for HARDWYN

Holding Levels Value in ₹
Tomorrow Up Target 1 30
Tomorrow Up Target 2 30
Tomorrow Up Target 3 30
Based on where the stock opens tomorrow, if HARDWYN 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 HARDWYN falls below the average value of ₹30.38, you can enter a sell side position with target number 1 - ₹30 and second target - ₹30 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 HARDWYN

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

Based on this, the predicted sentiment for HARDWYN is moderate bearish.

Tomorrow's Volume based share price Forecast for HARDWYN

HARDWYN'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 -76%.

Reversal detection for HARDWYN

Predicted trend chart of HARDWYN tomorrow for price forecast
HARDWYN may trend may continue to be bullish since stock is making higher highs and we can get target of ₹30 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 HARDWYN'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 HARDWYN opens on a positive note, our first target will be ₹30.57. If Target 1 is achieved, we will aim for Target 2 which is ₹30.72.

But if HARDWYN falls below the average value of ₹30.38, you can enter a sell side position with target number 1 - ₹30.23 and second target - ₹30.04

HARDWYN's Weekly Targets
1st Up Target 31.39
2nd Up Target 32.36
1st Down Target 29.30
2nd Down Target 28.18

As the week for HARDWYN ended on bullish sentiments, we can expect further continuation of this sentiment. HARDWYN's initial target will be 31.39 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 29.30 in the upcoming week.

Weekly OHLC Values
Open 30.00
High 31.25
Low 29.16
Close 30.41

Week for HARDWYN started with an open price of 30.00, and the close was at 30.41. HARDWYN reached the highest of 31.25 and dipped lowest up to 29.16 last week. This indicates a bullish sentiment for the week.

HARDWYN full month swing targets
Monthly Up Target 1 33.48
Monthly Up Target 2 34.45
Monthly Down Target 1 27.21
Monthly Down Target 2 24.00

Targets of ₹33.48 can be expected to be reached in the coming month. Once HARDWYN achieved this target, we can aim for the next upside target of ₹34.45.

HARDWYN if fails to hold upside, down targets of ₹27.21 and ₹24.00 can be achieved by end of this month.

For complete three weeks if HARDWYN 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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Summary

HARDWYN is expected to reach the target of 30.57 in tomorrow's trading session.

After achieving the initial target in HARDWYN, we will aim for higher targets of 30.72 tomorrow.

However, if HARDWYN starts to trade below ₹30.38, then we will shift our focus to the sell side and aim for down targets of 30.23 and 30.04.