Stock Information Portal

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

Hercules Hoists Limited

Symbol: NSE:HERCULES

ISIN: INE688E01024

520.25

As on 2024-04-12

194.35 (52W Low) 584.00 (52W High)

HERCULES's Today's Performance

Hercules Hoists Limited started the day by opening at 522.50 today 2024-04-12. Its shares reached a high of 530.45 and dipped to a low of 516.00 in intraday. When the markets closed, HERCULES’s stock price settled at ₹520.25 per share. Also check out its key support and resistance levels.

HERCULES Buy/Sell Targets

Tomorrow, sell HERCULES when its price reaches ₹ 520.25 with a stop-loss order at ₹ 529.52. You can set the target price as ₹ 510.98 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 HERCULES 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 HERCULES

Resistance Levels Value in ₹
Tomorrow Resistance 1 528
Tomorrow Resistance 2 537
Tomorrow Resistance 3 543

Important Supports for HERCULES

Support Levels Value in ₹
Tomorrow Support 1 514
Tomorrow Support 2 508
Tomorrow Support 3 500
Based on where the stock opens tomorrow, if HERCULES opens on a positive note, our first target will be ₹528. If Target 1 is achieved, we will aim for Target 2 which is ₹537.

But if HERCULES falls below the average value of ₹522.23, you can enter a sell side position with target number 1 - ₹514 and second target - ₹508 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 HERCULES

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

Based on this, the predicted sentiment for HERCULES is moderate bearish.

Tomorrow's Volume based share price Forecast for HERCULES

HERCULES'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 175%.

Reversal detection for HERCULES

Predicted trend chart of HERCULES tomorrow for price forecast
HERCULES may trend may continue to be bearish since stock is making lower low and we can get target of ₹527 in morning tomorrow
Target 1 tomorrow528
Target 2 tomorrow531
Target 3 tomorrow537
 

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 HERCULES'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 HERCULES opens on a positive note, our first target will be ₹528.47. If Target 1 is achieved, we will aim for Target 2 which is ₹536.68.

But if HERCULES falls below the average value of ₹522.23, you can enter a sell side position with target number 1 - ₹514.02 and second target - ₹507.78

HERCULES's Weekly Targets
1st Up Target 550.17
2nd Up Target 580.08
1st Down Target 503.17
2nd Down Target 486.08

As the week for HERCULES ended on bearish sentiments, we can expect further continuation of this sentiment. HERCULES's initial target will be 550.17 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 503.17 in the upcoming week.

Weekly OHLC Values
Open 553.90
High 563.00
Low 516.00
Close 520.25

Week for HERCULES started with an open price of 553.90, and the close was at 520.25. HERCULES reached the highest of 563.00 and dipped lowest up to 516.00 last week. This indicates a bearish sentiment for the week.

HERCULES full month swing targets
Monthly Up Target 1 597.17
Monthly Up Target 2 627.08
Monthly Down Target 1 456.17
Monthly Down Target 2 392.08

Targets of ₹597.17 can be expected to be reached in the coming month. Once HERCULES achieved this target, we can aim for the next upside target of ₹627.08.

HERCULES if fails to hold upside, down targets of ₹456.17 and ₹392.08 can be achieved by end of this month.

For complete three weeks if HERCULES 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 HERCULES

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

HERCULES is expected to reach the target of 528.47 in tomorrow's trading session.

After achieving the initial target in HERCULES, we will aim for higher targets of 536.68 tomorrow.

However, if HERCULES starts to trade below ₹522.23, then we will shift our focus to the sell side and aim for down targets of 514.02 and 507.78.