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

HeidelbergCement India Limited

Symbol: NSE:HEIDELBERG

ISIN: INE578A01017

219.71

As on 2024-06-13

170.05 (52W Low) 247.00 (52W High)

HEIDELBERG's Today's Performance

HeidelbergCement India Limited started the day by opening at 223.70 today 2024-06-13. Its shares reached a high of 224.19 and dipped to a low of 218.35 in intraday. When the markets closed, HEIDELBERG’s stock price settled at ₹219.71 per share. Also check out its key support and resistance levels.

HEIDELBERG Buy/Sell Targets

Tomorrow, sell HEIDELBERG when its price reaches ₹ 219.71 with a stop-loss order at ₹ 222.28. You can set the target price as ₹ 217.14 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 HEIDELBERG 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 HEIDELBERG

Downside Targets Value in ₹
Tomorrow Down Target 1 223
Tomorrow Down Target 2 227
Tomorrow Down Target 3 229

Important Levels for HEIDELBERG

Holding Levels Value in ₹
Tomorrow Up Target 1 217
Tomorrow Up Target 2 215
Tomorrow Up Target 3 211
Based on where the stock opens tomorrow, if HEIDELBERG opens on a positive note, our first target will be ₹223. If Target 1 is achieved, we will aim for Target 2 which is ₹227.

But if HEIDELBERG falls below the average value of ₹220.75, you can enter a sell side position with target number 1 - ₹217 and second target - ₹215 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 HEIDELBERG

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

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

Tomorrow's Volume based share price Forecast for HEIDELBERG

HEIDELBERG's Volume is currently in a Decreasing 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 -18%.

Reversal detection for HEIDELBERG

Predicted trend chart of HEIDELBERG tomorrow for price forecast
HEIDELBERG may trend may continue to be bearish since stock is making lower low and we can get target of ₹220 in morning tomorrow
Target 1 tomorrow223
Target 2 tomorrow224
Target 3 tomorrow227
 

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 HEIDELBERG'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 HEIDELBERG opens on a positive note, our first target will be ₹223.15. If Target 1 is achieved, we will aim for Target 2 which is ₹226.59.

But if HEIDELBERG falls below the average value of ₹220.75, you can enter a sell side position with target number 1 - ₹217.31 and second target - ₹214.91

HEIDELBERG's Weekly Targets
1st Up Target 225.12
2nd Up Target 230.52
1st Down Target 213.38
2nd Down Target 207.04

As the week for HEIDELBERG ended on bullish sentiments, we can expect further continuation of this sentiment. HEIDELBERG's initial target will be 225.12 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 213.38 in the upcoming week.

Weekly OHLC Values
Open 214.20
High 224.19
Low 212.45
Close 219.71

Week for HEIDELBERG started with an open price of 214.20, and the close was at 219.71. HEIDELBERG reached the highest of 224.19 and dipped lowest up to 212.45 last week. This indicates a bullish sentiment for the week.

HEIDELBERG full month swing targets
Monthly Up Target 1 236.86
Monthly Up Target 2 242.26
Monthly Down Target 1 201.64
Monthly Down Target 2 183.56

Targets of ₹236.86 can be expected to be reached in the coming month. Once HEIDELBERG achieved this target, we can aim for the next upside target of ₹242.26.

HEIDELBERG if fails to hold upside, down targets of ₹201.64 and ₹183.56 can be achieved by end of this month.

For complete three weeks if HEIDELBERG 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 HEIDELBERG

Symbol Name Industry
ULTRACEMCO UltraTech Cement Limited Building Materials
ASIANPAINT Asian Paints Limited Specialty Chemicals
JSWSTEEL JSW Steel Limited Steel
TATASTEEL Tata Steel Limited Steel
GRASIM Grasim Industries Limited Building Materials

Summary

HEIDELBERG is expected to reach the target of 223.15 in tomorrow's trading session.

After achieving the initial target in HEIDELBERG, we will aim for higher targets of 226.59 tomorrow.

However, if HEIDELBERG starts to trade below ₹220.75, then we will shift our focus to the sell side and aim for down targets of 217.31 and 214.91.