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

Hexa Tradex Limited

Symbol: NSE:HEXATRADEX

ISIN: INE750M01017

180.44

As on 2024-07-23

140.20 (52W Low) 219.81 (52W High)

HEXATRADEX's Today's Performance

Hexa Tradex Limited started the day by opening at 189.40 today 2024-07-23. Its shares reached a high of 189.40 and dipped to a low of 177.24 in intraday. When the markets closed, HEXATRADEX’s stock price settled at ₹180.44 per share. Also check out its key support and resistance levels.

HEXATRADEX Buy/Sell Targets

Tomorrow, sell HEXATRADEX when its price reaches ₹ 180.44 with a stop-loss order at ₹ 185.95. You can set the target price as ₹ 174.93 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 HEXATRADEX 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 HEXATRADEX

Downside Targets Value in ₹
Tomorrow Down Target 1 187
Tomorrow Down Target 2 195
Tomorrow Down Target 3 200

Important Levels for HEXATRADEX

Holding Levels Value in ₹
Tomorrow Up Target 1 175
Tomorrow Up Target 2 170
Tomorrow Up Target 3 163
Based on where the stock opens tomorrow, if HEXATRADEX opens on a positive note, our first target will be ₹187. If Target 1 is achieved, we will aim for Target 2 which is ₹195.

But if HEXATRADEX falls below the average value of ₹182.36, you can enter a sell side position with target number 1 - ₹175 and second target - ₹170 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 HEXATRADEX

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

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

Tomorrow's Volume based share price Forecast for HEXATRADEX

HEXATRADEX'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 90%.

Reversal detection for HEXATRADEX

Predicted trend chart of HEXATRADEX tomorrow for price forecast
HEXATRADEX may trend may continue to be bearish since stock is making lower low and we can get target of ₹182 in morning tomorrow
Target 1 tomorrow187
Target 2 tomorrow190
Target 3 tomorrow195
 

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 HEXATRADEX'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 HEXATRADEX opens on a positive note, our first target will be ₹187.48. If Target 1 is achieved, we will aim for Target 2 which is ₹194.52.

But if HEXATRADEX falls below the average value of ₹182.36, you can enter a sell side position with target number 1 - ₹175.32 and second target - ₹170.20

HEXATRADEX's Weekly Targets
1st Up Target 188.09
2nd Up Target 195.75
1st Down Target 174.09
2nd Down Target 167.75

As the week for HEXATRADEX ended on bearish sentiments, we can expect further continuation of this sentiment. HEXATRADEX's initial target will be 188.09 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 174.09 in the upcoming week.

Weekly OHLC Values
Open 180.50
High 189.40
Low 175.40
Close 180.44

Week for HEXATRADEX started with an open price of 180.50, and the close was at 180.44. HEXATRADEX reached the highest of 189.40 and dipped lowest up to 175.40 last week. This indicates a bearish sentiment for the week.

HEXATRADEX full month swing targets
Monthly Up Target 1 202.09
Monthly Up Target 2 209.75
Monthly Down Target 1 160.09
Monthly Down Target 2 139.75

Targets of ₹202.09 can be expected to be reached in the coming month. Once HEXATRADEX achieved this target, we can aim for the next upside target of ₹209.75.

HEXATRADEX if fails to hold upside, down targets of ₹160.09 and ₹139.75 can be achieved by end of this month.

For complete three weeks if HEXATRADEX 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

HEXATRADEX is expected to reach the target of 187.48 in tomorrow's trading session.

After achieving the initial target in HEXATRADEX, we will aim for higher targets of 194.52 tomorrow.

However, if HEXATRADEX starts to trade below ₹182.36, then we will shift our focus to the sell side and aim for down targets of 175.32 and 170.20.