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

Hindustan Composites Limited

Symbol: NSE:HINDCOMPOS

ISIN: INE310C01029

472.05

As on 2024-12-06

375.00 (52W Low) 670.00 (52W High)

HINDCOMPOS's Today's Performance

Hindustan Composites Limited started the day by opening at 472.45 today 2024-12-06. Its shares reached a high of 476.80 and dipped to a low of 461.60 in intraday. When the markets closed, HINDCOMPOS’s stock price settled at ₹472.05 per share. Also check out its key support and resistance levels.

HINDCOMPOS Buy/Sell Targets

Tomorrow, sell HINDCOMPOS when its price reaches ₹ 472.05 with a stop-loss order at ₹ 481.58. You can set the target price as ₹ 462.53 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 HINDCOMPOS 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 HINDCOMPOS

Downside Targets Value in ₹
Tomorrow Down Target 1 479
Tomorrow Down Target 2 485
Tomorrow Down Target 3 494

Important Levels for HINDCOMPOS

Holding Levels Value in ₹
Tomorrow Up Target 1 464
Tomorrow Up Target 2 455
Tomorrow Up Target 3 448
Based on where the stock opens tomorrow, if HINDCOMPOS opens on a positive note, our first target will be ₹479. If Target 1 is achieved, we will aim for Target 2 which is ₹485.

But if HINDCOMPOS falls below the average value of ₹470.15, you can enter a sell side position with target number 1 - ₹464 and second target - ₹455 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 HINDCOMPOS

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

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

Tomorrow's Volume based share price Forecast for HINDCOMPOS

HINDCOMPOS'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 133%.

Reversal detection for HINDCOMPOS

Predicted trend chart of HINDCOMPOS tomorrow for price forecast
HINDCOMPOS may trend may continue to be bearish since stock is making lower low and we can get target of ₹473 in morning tomorrow
Target 1 tomorrow476
Target 2 tomorrow480
Target 3 tomorrow485
 

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 HINDCOMPOS'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 HINDCOMPOS 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 ₹485.35.

But if HINDCOMPOS falls below the average value of ₹470.15, you can enter a sell side position with target number 1 - ₹463.50 and second target - ₹454.95

HINDCOMPOS's Weekly Targets
1st Up Target 490.83
2nd Up Target 509.62
1st Down Target 457.43
2nd Down Target 442.82

As the week for HINDCOMPOS ended on bearish sentiments, we can expect further continuation of this sentiment. HINDCOMPOS's initial target will be 490.83 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 457.43 in the upcoming week.

Weekly OHLC Values
Open 481.20
High 495.00
Low 461.60
Close 472.05

Week for HINDCOMPOS started with an open price of 481.20, and the close was at 472.05. HINDCOMPOS reached the highest of 495.00 and dipped lowest up to 461.60 last week. This indicates a bearish sentiment for the week.

HINDCOMPOS full month swing targets
Monthly Up Target 1 524.23
Monthly Up Target 2 543.02
Monthly Down Target 1 424.03
Monthly Down Target 2 376.02

Targets of ₹524.23 can be expected to be reached in the coming month. Once HINDCOMPOS achieved this target, we can aim for the next upside target of ₹543.02.

HINDCOMPOS if fails to hold upside, down targets of ₹424.03 and ₹376.02 can be achieved by end of this month.

For complete three weeks if HINDCOMPOS 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

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

After achieving the initial target in HINDCOMPOS, we will aim for higher targets of 485.35 tomorrow.

However, if HINDCOMPOS starts to trade below ₹470.15, then we will shift our focus to the sell side and aim for down targets of 463.50 and 454.95.