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

HBL Power Systems Limited

Symbol: NSE:HBLPOWER

ISIN: INE292B01021

468.95

As on 2024-04-12

97.30 (52W Low) 612.00 (52W High)

HBLPOWER's Today's Performance

HBL Power Systems Limited started the day by opening at 482.00 today 2024-04-12. Its shares reached a high of 482.60 and dipped to a low of 467.00 in intraday. When the markets closed, HBLPOWER’s stock price settled at ₹468.95 per share. Also check out its key support and resistance levels.

HBLPOWER Buy/Sell Targets

Tomorrow, sell HBLPOWER when its price reaches ₹ 468.95 with a stop-loss order at ₹ 477.24. You can set the target price as ₹ 460.66 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 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 HBLPOWER

Resistance Levels Value in ₹
Tomorrow Resistance 1 479
Tomorrow Resistance 2 488
Tomorrow Resistance 3 494

Important Supports for HBLPOWER

Support Levels Value in ₹
Tomorrow Support 1 463
Tomorrow Support 2 457
Tomorrow Support 3 448
Based on where the stock opens tomorrow, if HBLPOWER opens on a positive note, our first target will be ₹479. If Target 1 is achieved, we will aim for Target 2 which is ₹488.

But if HBLPOWER falls below the average value of ₹472.85, you can enter a sell side position with target number 1 - ₹463 and second target - ₹457 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 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, HBLPOWER has been on a Upward path, giving us insights how its value changes in the market.

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

Tomorrow's Volume based share price Forecast for HBLPOWER

HBLPOWER'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 9%.

Reversal detection for HBLPOWER

Predicted trend chart of HBLPOWER tomorrow for price forecast
HBLPOWER may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹486 in morning tomorrow
Target 1 tomorrow479
Target 2 tomorrow482
Target 3 tomorrow488
 

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 ₹478.70. If Target 1 is achieved, we will aim for Target 2 which is ₹488.45.

But if HBLPOWER falls below the average value of ₹472.85, you can enter a sell side position with target number 1 - ₹463.10 and second target - ₹457.25

HBLPOWER's Weekly Targets
1st Up Target 496.97
2nd Up Target 524.98
1st Down Target 453.97
2nd Down Target 438.98

As the week for HBLPOWER ended on bearish sentiments, we can expect further continuation of this sentiment. HBLPOWER's initial target will be 496.97 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 453.97 in the upcoming week.

Weekly OHLC Values
Open 494.90
High 510.00
Low 467.00
Close 468.95

Week for HBLPOWER started with an open price of 494.90, and the close was at 468.95. HBLPOWER reached the highest of 510.00 and dipped lowest up to 467.00 last week. This indicates a bearish sentiment for the week.

HBLPOWER full month swing targets
Monthly Up Target 1 539.97
Monthly Up Target 2 567.98
Monthly Down Target 1 410.97
Monthly Down Target 2 352.98

Targets of ₹539.97 can be expected to be reached in the coming month. Once HBLPOWER achieved this target, we can aim for the next upside target of ₹567.98.

HBLPOWER if fails to hold upside, down targets of ₹410.97 and ₹352.98 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.

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Summary

HBLPOWER is expected to reach the target of 478.70 in tomorrow's trading session.

After achieving the initial target in HBLPOWER, we will aim for higher targets of 488.45 tomorrow.

However, if HBLPOWER starts to trade below ₹472.85, then we will shift our focus to the sell side and aim for down targets of 463.10 and 457.25.