Price and trend forecast of HINDCON for Tomorrow, Weekly, Monthly
Hindcon Chemicals Limited
Symbol: NSE:HINDCON
ISIN: INE642Y01011
46.58
As on 2024-11-08
HINDCON's Today's Performance
Hindcon Chemicals Limited started the day by opening at 47.04 today 2024-11-08. Its shares reached a high of 47.39 and dipped to a low of 46.11 in intraday. When the markets closed, HINDCON’s stock price settled at ₹46.58 per share. Also check out its key support and resistance levels.
HINDCON Buy/Sell Targets
Tomorrow, sell HINDCON when its price reaches ₹ 46.58 with a stop-loss order at ₹ 47.27. You can set the target price as ₹ 45.89 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 HINDCON 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 HINDCON
Downside Targets | Value in ₹ |
---|---|
Tomorrow Down Target 1 | 47 |
Tomorrow Down Target 2 | 48 |
Tomorrow Down Target 3 | 49 |
Important Levels for HINDCON
Holding Levels | Value in ₹ |
---|---|
Tomorrow Up Target 1 | 46 |
Tomorrow Up Target 2 | 45 |
Tomorrow Up Target 3 | 45 |
Based on where the stock opens tomorrow, if HINDCON opens on a positive note, our first target will be ₹47. If Target 1 is achieved, we will aim for Target 2 which is ₹48.
But if HINDCON falls below the average value of ₹46.69, you can enter a sell side position with target number 1 - ₹46 and second target - ₹45 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 HINDCON
Looking at HINDCON, 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, HINDCON has been on a Upward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for HINDCON is moderate bullish.
Tomorrow's Volume based share price Forecast for HINDCON
HINDCON'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 -23%.
Reversal detection for HINDCON
HINDCON may trend may continue to be bearish since stock is making lower low and we can get target of ₹47 in morning tomorrow
Target 1 tomorrow | 47 |
Target 2 tomorrow | 47 |
Target 3 tomorrow | 48 |
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 HINDCON'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 HINDCON opens on a positive note, our first target will be ₹47.28. If Target 1 is achieved, we will aim for Target 2 which is ₹47.97.
But if HINDCON falls below the average value of ₹46.69, you can enter a sell side position with target number 1 - ₹46.00 and second target - ₹45.41
HINDCON's Weekly Targets
1st Up Target | 47.60 |
2nd Up Target | 48.63 |
1st Down Target | 45.65 |
2nd Down Target | 44.73 |
As the week for HINDCON ended on bearish sentiments, we can expect further continuation of this sentiment. HINDCON's initial target will be 47.60 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 45.65 in the upcoming week.
Weekly OHLC Values
Open | 47.70 |
High | 47.70 |
Low | 45.75 |
Close | 46.58 |
Week for HINDCON started with an open price of 47.70, and the close was at 46.58. HINDCON reached the highest of 47.70 and dipped lowest up to 45.75 last week. This indicates a bearish sentiment for the week.
HINDCON full month swing targets
Monthly Up Target 1 | 49.55 |
Monthly Up Target 2 | 50.58 |
Monthly Down Target 1 | 43.70 |
Monthly Down Target 2 | 40.83 |
Targets of ₹49.55 can be expected to be reached in the coming month. Once HINDCON achieved this target, we can aim for the next upside target of ₹50.58.
HINDCON if fails to hold upside, down targets of ₹43.70 and ₹40.83 can be achieved by end of this month.
For complete three weeks if HINDCON 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 HINDCON
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
HINDCON is expected to reach the target of 47.28 in tomorrow's trading session.
After achieving the initial target in HINDCON, we will aim for higher targets of 47.97 tomorrow.
However, if HINDCON starts to trade below ₹46.69, then we will shift our focus to the sell side and aim for down targets of 46.00 and 45.41.