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

Hikal Limited

Symbol: NSE:HIKAL

ISIN: INE475B01022

302.15

As on 2024-04-12

250.10 (52W Low) 329.00 (52W High)

HIKAL's Today's Performance

Hikal Limited started the day by opening at 301.60 today 2024-04-12. Its shares reached a high of 303.90 and dipped to a low of 301.00 in intraday. When the markets closed, HIKAL’s stock price settled at ₹302.15 per share. Also check out its key support and resistance levels.

HIKAL Buy/Sell Targets

Tomorrow, buy HIKAL when its price reaches ₹ 302.15 with a stop-loss order at ₹ 298.27. You can set the target price as ₹ 306.03 to capture potential gains. This buy 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 HIKAL 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 HIKAL

Resistance Levels Value in ₹
Tomorrow Resistance 1 304
Tomorrow Resistance 2 305
Tomorrow Resistance 3 307

Important Supports for HIKAL

Support Levels Value in ₹
Tomorrow Support 1 301
Tomorrow Support 2 299
Tomorrow Support 3 298
Based on where the stock opens tomorrow, if HIKAL opens on a positive note, our first target will be ₹304. If Target 1 is achieved, we will aim for Target 2 which is ₹305.

But if HIKAL falls below the average value of ₹302.35, you can enter a sell side position with target number 1 - ₹301 and second target - ₹299 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 HIKAL

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

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

Tomorrow's Volume based share price Forecast for HIKAL

HIKAL'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 276%.

Reversal detection for HIKAL

Predicted trend chart of HIKAL tomorrow for price forecast
HIKAL may trend may continue to be bullish since stock is making higher highs and we can get target of ₹301 in morning tomorrow
Target 1 tomorrow303
Target 2 tomorrow304
Target 3 tomorrow305
 

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 HIKAL'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 HIKAL opens on a positive note, our first target will be ₹303.70. If Target 1 is achieved, we will aim for Target 2 which is ₹305.25.

But if HIKAL falls below the average value of ₹302.35, you can enter a sell side position with target number 1 - ₹300.80 and second target - ₹299.45

HIKAL's Weekly Targets
1st Up Target 309.87
2nd Up Target 317.58
1st Down Target 294.07
2nd Down Target 285.98

As the week for HIKAL ended on bearish sentiments, we can expect further continuation of this sentiment. HIKAL's initial target will be 309.87 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 294.07 in the upcoming week.

Weekly OHLC Values
Open 309.40
High 309.50
Low 293.70
Close 302.15

Week for HIKAL started with an open price of 309.40, and the close was at 302.15. HIKAL reached the highest of 309.50 and dipped lowest up to 293.70 last week. This indicates a bearish sentiment for the week.

HIKAL full month swing targets
Monthly Up Target 1 325.67
Monthly Up Target 2 333.38
Monthly Down Target 1 278.27
Monthly Down Target 2 254.38

Targets of ₹325.67 can be expected to be reached in the coming month. Once HIKAL achieved this target, we can aim for the next upside target of ₹333.38.

HIKAL if fails to hold upside, down targets of ₹278.27 and ₹254.38 can be achieved by end of this month.

For complete three weeks if HIKAL 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

HIKAL is expected to reach the target of 303.70 in tomorrow's trading session.

After achieving the initial target in HIKAL, we will aim for higher targets of 305.25 tomorrow.

However, if HIKAL starts to trade below ₹302.35, then we will shift our focus to the sell side and aim for down targets of 300.80 and 299.45.