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

Harsha Engineers International Limited

Symbol: NSE:HARSHA

ISIN: INE0JUS01029

408.70

As on 2024-04-12

360.10 (52W Low) 494.00 (52W High)

HARSHA's Today's Performance

Harsha Engineers International Limited started the day by opening at 411.00 today 2024-04-12. Its shares reached a high of 416.25 and dipped to a low of 405.00 in intraday. When the markets closed, HARSHA’s stock price settled at ₹408.70 per share. Also check out its key support and resistance levels.

HARSHA Buy/Sell Targets

Tomorrow, sell HARSHA when its price reaches ₹ 408.70 with a stop-loss order at ₹ 413.82. You can set the target price as ₹ 403.58 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 HARSHA for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for HARSHA

Resistance Levels Value in ₹
Tomorrow Resistance 1 415
Tomorrow Resistance 2 421
Tomorrow Resistance 3 426

Important Supports for HARSHA

Support Levels Value in ₹
Tomorrow Support 1 404
Tomorrow Support 2 399
Tomorrow Support 3 392
Based on where the stock opens tomorrow, if HARSHA opens on a positive note, our first target will be ₹415. If Target 1 is achieved, we will aim for Target 2 which is ₹421.

But if HARSHA falls below the average value of ₹409.98, you can enter a sell side position with target number 1 - ₹404 and second target - ₹399 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 HARSHA

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

Based on this, the predicted sentiment for HARSHA is strong bullish.

Tomorrow's Volume based share price Forecast for HARSHA

HARSHA's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a strong bullish trend. Volume trend strength over the last month compared to the last week is 27%.

Reversal detection for HARSHA

Predicted trend chart of HARSHA tomorrow for price forecast
HARSHA may trend may continue to be bearish since stock is making lower low and we can get target of ₹410 in morning tomorrow
Target 1 tomorrow414
Target 2 tomorrow417
Target 3 tomorrow421
 

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 HARSHA'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 HARSHA opens on a positive note, our first target will be ₹414.97. If Target 1 is achieved, we will aim for Target 2 which is ₹421.23.

But if HARSHA falls below the average value of ₹409.98, you can enter a sell side position with target number 1 - ₹403.72 and second target - ₹398.73

HARSHA's Weekly Targets
1st Up Target 415.83
2nd Up Target 422.97
1st Down Target 401.98
2nd Down Target 395.27

As the week for HARSHA ended on bearish sentiments, we can expect further continuation of this sentiment. HARSHA's initial target will be 415.83 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 401.98 in the upcoming week.

Weekly OHLC Values
Open 412.30
High 416.25
Low 402.40
Close 408.70

Week for HARSHA started with an open price of 412.30, and the close was at 408.70. HARSHA reached the highest of 416.25 and dipped lowest up to 402.40 last week. This indicates a bearish sentiment for the week.

HARSHA full month swing targets
Monthly Up Target 1 429.68
Monthly Up Target 2 436.82
Monthly Down Target 1 388.13
Monthly Down Target 2 367.57

Targets of ₹429.68 can be expected to be reached in the coming month. Once HARSHA achieved this target, we can aim for the next upside target of ₹436.82.

HARSHA if fails to hold upside, down targets of ₹388.13 and ₹367.57 can be achieved by end of this month.

For complete three weeks if HARSHA 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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BEL Bharat Electronics Limited Aerospace & Defense

Summary

HARSHA is expected to reach the target of 414.97 in tomorrow's trading session.

After achieving the initial target in HARSHA, we will aim for higher targets of 421.23 tomorrow.

However, if HARSHA starts to trade below ₹409.98, then we will shift our focus to the sell side and aim for down targets of 403.72 and 398.73.