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

Harrisons Malayalam Limited

Symbol: NSE:HARRMALAYA

ISIN: INE544A01019

224.28

As on 2024-07-23

129.15 (52W Low) 258.43 (52W High)

HARRMALAYA's Today's Performance

Harrisons Malayalam Limited started the day by opening at 225.60 today 2024-07-23. Its shares reached a high of 228.54 and dipped to a low of 209.03 in intraday. When the markets closed, HARRMALAYA’s stock price settled at ₹224.28 per share. Also check out its key support and resistance levels.

HARRMALAYA Buy/Sell Targets

Tomorrow, sell HARRMALAYA when its price reaches ₹ 224.28 with a stop-loss order at ₹ 231.97. You can set the target price as ₹ 216.59 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 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 1 232
Tomorrow Down Target 2 240
Tomorrow Down Target 3 252

Important Levels for HARRMALAYA

Holding Levels Value in ₹
Tomorrow Up Target 1 213
Tomorrow Up Target 2 201
Tomorrow Up Target 3 193
Based on where the stock opens tomorrow, if HARRMALAYA opens on a positive note, our first target will be ₹232. If Target 1 is achieved, we will aim for Target 2 which is ₹240.

But if HARRMALAYA falls below the average value of ₹220.62, you can enter a sell side position with target number 1 - ₹213 and second target - ₹201 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

Predicted trend chart of HARRMALAYA tomorrow for price forecast
HARRMALAYA may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹227 in morning tomorrow
Target 1 tomorrow228
Target 2 tomorrow233
Target 3 tomorrow240
 

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 ₹232.20. If Target 1 is achieved, we will aim for Target 2 which is ₹240.13.

But if HARRMALAYA falls below the average value of ₹220.62, you can enter a sell side position with target number 1 - ₹212.69 and second target - ₹201.11

HARRMALAYA's Weekly Targets
1st Up Target 237.41
2nd Up Target 250.54
1st Down Target 210.09
2nd Down Target 195.90

As the week for HARRMALAYA ended on bearish sentiments, we can expect further continuation of this sentiment. HARRMALAYA's initial target will be 237.41 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 210.09 in the upcoming week.

Weekly OHLC Values
Open 224.40
High 236.35
Low 209.03
Close 224.28

Week for HARRMALAYA started with an open price of 224.40, and the close was at 224.28. HARRMALAYA reached the highest of 236.35 and dipped lowest up to 209.03 last week. This indicates a bearish sentiment for the week.

HARRMALAYA full month swing targets
Monthly Up Target 1 264.73
Monthly Up Target 2 277.86
Monthly Down Target 1 182.77
Monthly Down Target 2 141.26

Targets of ₹264.73 can be expected to be reached in the coming month. Once HARRMALAYA achieved this target, we can aim for the next upside target of ₹277.86.

HARRMALAYA if fails to hold upside, down targets of ₹182.77 and ₹141.26 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.

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Summary

HARRMALAYA is expected to reach the target of 232.20 in tomorrow's trading session.

After achieving the initial target in HARRMALAYA, we will aim for higher targets of 240.13 tomorrow.

However, if HARRMALAYA starts to trade below ₹220.62, then we will shift our focus to the sell side and aim for down targets of 212.69 and 201.11.