Price and trend forecast of HBLPOWER for Tomorrow, Weekly, Monthly
HBL Power Systems Limited
Symbol: NSE:HBLPOWER
ISIN: INE292B01021
629.45
As on 2024-07-26
HBLPOWER's Today's Performance
HBL Power Systems Limited started the day by opening at 634.85 today 2024-07-26. Its shares reached a high of 660.00 and dipped to a low of 621.05 in intraday. When the markets closed, HBLPOWER’s stock price settled at ₹629.45 per share. Also check out its key support and resistance levels.
HBLPOWER Buy/Sell Targets
Tomorrow, sell HBLPOWER when its price reaches ₹ 629.45 with a stop-loss order at ₹ 647.93. You can set the target price as ₹ 610.98 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 HBLPOWER 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 HBLPOWER
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 653 |
| Tomorrow Down Target 2 | 676 |
| Tomorrow Down Target 3 | 692 |
Important Levels for HBLPOWER
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 614 |
| Tomorrow Up Target 2 | 598 |
| Tomorrow Up Target 3 | 575 |
Based on where the stock opens tomorrow, if HBLPOWER opens on a positive note, our first target will be ₹653. If Target 1 is achieved, we will aim for Target 2 which is ₹676.
But if HBLPOWER falls below the average value of ₹636.83, you can enter a sell side position with target number 1 - ₹614 and second target - ₹598 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 HBLPOWER
Looking at HBLPOWER, 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, HBLPOWER has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for HBLPOWER is moderate bearish.
Tomorrow's Volume based share price Forecast for HBLPOWER
HBLPOWER'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 9%.
Reversal detection for HBLPOWER
HBLPOWER may trend may continue to be bearish since stock is making lower low and we can get target of ₹634 in morning tomorrow
| Target 1 tomorrow | 652 |
| Target 2 tomorrow | 661 |
| Target 3 tomorrow | 676 |
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 HBLPOWER'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 HBLPOWER opens on a positive note, our first target will be ₹652.62. If Target 1 is achieved, we will aim for Target 2 which is ₹675.78.
But if HBLPOWER falls below the average value of ₹636.83, you can enter a sell side position with target number 1 - ₹613.67 and second target - ₹597.88
HBLPOWER's Weekly Targets
| 1st Up Target | 676.30 |
| 2nd Up Target | 723.15 |
| 1st Down Target | 566.30 |
| 2nd Down Target | 503.15 |
As the week for HBLPOWER ended on bullish sentiments, we can expect further continuation of this sentiment. HBLPOWER's initial target will be 676.30 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 566.30 in the upcoming week.
Weekly OHLC Values
| Open | 585.00 |
| High | 660.00 |
| Low | 550.00 |
| Close | 629.45 |
Week for HBLPOWER started with an open price of 585.00, and the close was at 629.45. HBLPOWER reached the highest of 660.00 and dipped lowest up to 550.00 last week. This indicates a bullish sentiment for the week.
HBLPOWER full month swing targets
| Monthly Up Target 1 | 786.30 |
| Monthly Up Target 2 | 833.15 |
| Monthly Down Target 1 | 456.30 |
| Monthly Down Target 2 | 283.15 |
Targets of ₹786.30 can be expected to be reached in the coming month. Once HBLPOWER achieved this target, we can aim for the next upside target of ₹833.15.
HBLPOWER if fails to hold upside, down targets of ₹456.30 and ₹283.15 can be achieved by end of this month.
For complete three weeks if HBLPOWER 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 HBLPOWER
| Symbol | Name | Industry |
|---|---|---|
| LT | Larsen & Toubro Limited | Engineering & Construction |
| ADANIPORTS | Adani Ports and Special Economic Zone Limited | Marine Shipping |
| HAL | Hindustan Aeronautics Limited | Aerospace & Defense |
| SIEMENS | Siemens Limited | Specialty Industrial Machinery |
| BEL | Bharat Electronics Limited | Aerospace & Defense |
Summary
HBLPOWER is expected to reach the target of 652.62 in tomorrow's trading session.
After achieving the initial target in HBLPOWER, we will aim for higher targets of 675.78 tomorrow.
However, if HBLPOWER starts to trade below ₹636.83, then we will shift our focus to the sell side and aim for down targets of 613.67 and 597.88.