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

Hathway Cable & Datacom Limited

Symbol: NSE:HATHWAY

ISIN: INE982F01036

22.75

As on 2024-04-24

13.00 (52W Low) 27.95 (52W High)

HATHWAY's Today's Performance

Hathway Cable & Datacom Limited started the day by opening at 22.90 today 2024-04-24. Its shares reached a high of 23.50 and dipped to a low of 22.65 in intraday. When the markets closed, HATHWAY’s stock price settled at ₹22.75 per share. Also check out its key support and resistance levels.

HATHWAY Buy/Sell Targets

Tomorrow, buy HATHWAY when its price reaches ₹ 22.75 with a stop-loss order at ₹ 22.44. You can set the target price as ₹ 23.06 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 HATHWAY 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 HATHWAY

Downside Targets Value in ₹
Tomorrow Down Target 1 23
Tomorrow Down Target 2 24
Tomorrow Down Target 3 24

Important Levels for HATHWAY

Holding Levels Value in ₹
Tomorrow Up Target 1 22
Tomorrow Up Target 2 22
Tomorrow Up Target 3 22
Based on where the stock opens tomorrow, if HATHWAY opens on a positive note, our first target will be ₹23. If Target 1 is achieved, we will aim for Target 2 which is ₹24.

But if HATHWAY falls below the average value of ₹22.97, you can enter a sell side position with target number 1 - ₹22 and second target - ₹22 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 HATHWAY

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

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

Tomorrow's Volume based share price Forecast for HATHWAY

HATHWAY'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 -2%.

Reversal detection for HATHWAY

Predicted trend chart of HATHWAY tomorrow for price forecast
HATHWAY may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹23 in morning tomorrow
Target 1 tomorrow23
Target 2 tomorrow23
Target 3 tomorrow24
 

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 HATHWAY'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 HATHWAY opens on a positive note, our first target will be ₹23.28. If Target 1 is achieved, we will aim for Target 2 which is ₹23.82.

But if HATHWAY falls below the average value of ₹22.97, you can enter a sell side position with target number 1 - ₹22.43 and second target - ₹22.12

HATHWAY's Weekly Targets
1st Up Target 23.45
2nd Up Target 24.15
1st Down Target 22.10
2nd Down Target 21.45

As the week for HATHWAY ended on bullish sentiments, we can expect further continuation of this sentiment. HATHWAY's initial target will be 23.45 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 22.10 in the upcoming week.

Weekly OHLC Values
Open 22.40
High 23.50
Low 22.15
Close 22.75

Week for HATHWAY started with an open price of 22.40, and the close was at 22.75. HATHWAY reached the highest of 23.50 and dipped lowest up to 22.15 last week. This indicates a bullish sentiment for the week.

HATHWAY full month swing targets
Monthly Up Target 1 24.80
Monthly Up Target 2 25.50
Monthly Down Target 1 20.75
Monthly Down Target 2 18.75

Targets of ₹24.80 can be expected to be reached in the coming month. Once HATHWAY achieved this target, we can aim for the next upside target of ₹25.50.

HATHWAY if fails to hold upside, down targets of ₹20.75 and ₹18.75 can be achieved by end of this month.

For complete three weeks if HATHWAY 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

HATHWAY is expected to reach the target of 23.28 in tomorrow's trading session.

After achieving the initial target in HATHWAY, we will aim for higher targets of 23.82 tomorrow.

However, if HATHWAY starts to trade below ₹22.97, then we will shift our focus to the sell side and aim for down targets of 22.43 and 22.12.