Price and trend forecast of HARRMALAYA for Tomorrow, Weekly, Monthly
Harrisons Malayalam Limited
Symbol: NSE:HARRMALAYA
ISIN: INE544A01019
235.14
As on 2024-07-26
HARRMALAYA's Today's Performance
Harrisons Malayalam Limited started the day by opening at 235.00 today 2024-07-26. Its shares reached a high of 238.40 and dipped to a low of 230.81 in intraday. When the markets closed, HARRMALAYA’s stock price settled at ₹235.14 per share. Also check out its key support and resistance levels.
HARRMALAYA Buy/Sell Targets
Tomorrow, buy HARRMALAYA when its price reaches ₹ 235.14 with a stop-loss order at ₹ 230.05. You can set the target price as ₹ 240.23 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 HARRMALAYA 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 HARRMALAYA
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 239 |
| Tomorrow Down Target 2 | 242 |
| Tomorrow Down Target 3 | 246 |
Important Levels for HARRMALAYA
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 231 |
| Tomorrow Up Target 2 | 227 |
| Tomorrow Up Target 3 | 224 |
Based on where the stock opens tomorrow, if HARRMALAYA opens on a positive note, our first target will be ₹239. If Target 1 is achieved, we will aim for Target 2 which is ₹242.
But if HARRMALAYA falls below the average value of ₹234.78, you can enter a sell side position with target number 1 - ₹231 and second target - ₹227 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 HARRMALAYA
Looking at HARRMALAYA, 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, HARRMALAYA has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for HARRMALAYA is moderate bearish.
Tomorrow's Volume based share price Forecast for HARRMALAYA
HARRMALAYA'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 81%.
Reversal detection for HARRMALAYA
HARRMALAYA may trend may continue to be bullish since stock is making higher highs and we can get target of ₹234 in morning tomorrow
| Target 1 tomorrow | 238 |
| Target 2 tomorrow | 239 |
| Target 3 tomorrow | 242 |
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 HARRMALAYA'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 HARRMALAYA opens on a positive note, our first target will be ₹238.76. If Target 1 is achieved, we will aim for Target 2 which is ₹242.37.
But if HARRMALAYA falls below the average value of ₹234.78, you can enter a sell side position with target number 1 - ₹231.17 and second target - ₹227.19
HARRMALAYA's Weekly Targets
| 1st Up Target | 246.02 |
| 2nd Up Target | 256.89 |
| 1st Down Target | 216.65 |
| 2nd Down Target | 198.15 |
As the week for HARRMALAYA ended on bullish sentiments, we can expect further continuation of this sentiment. HARRMALAYA's initial target will be 246.02 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 216.65 in the upcoming week.
Weekly OHLC Values
| Open | 224.40 |
| High | 238.40 |
| Low | 209.03 |
| Close | 235.14 |
Week for HARRMALAYA started with an open price of 224.40, and the close was at 235.14. HARRMALAYA reached the highest of 238.40 and dipped lowest up to 209.03 last week. This indicates a bullish sentiment for the week.
HARRMALAYA full month swing targets
| Monthly Up Target 1 | 275.39 |
| Monthly Up Target 2 | 286.26 |
| Monthly Down Target 1 | 187.28 |
| Monthly Down Target 2 | 139.41 |
Targets of ₹275.39 can be expected to be reached in the coming month. Once HARRMALAYA achieved this target, we can aim for the next upside target of ₹286.26.
HARRMALAYA if fails to hold upside, down targets of ₹187.28 and ₹139.41 can be achieved by end of this month.
For complete three weeks if HARRMALAYA 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 HARRMALAYA
| Symbol | Name | Industry |
|---|---|---|
| ITC | ITC Limited | Tobacco |
| HINDUNILVR | Hindustan Unilever Limited | Household & Personal Products |
| DMART | Avenue Supermarts Limited | Discount Stores |
| NESTLEIND | Nestle India Limited | Packaged Foods |
| VBL | Varun Beverages Limited | Beverages - Non-Alcoholic |
Summary
HARRMALAYA is expected to reach the target of 238.76 in tomorrow's trading session.
After achieving the initial target in HARRMALAYA, we will aim for higher targets of 242.37 tomorrow.
However, if HARRMALAYA starts to trade below ₹234.78, then we will shift our focus to the sell side and aim for down targets of 231.17 and 227.19.