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

Hindustan Copper Limited

Symbol: NSE:HINDCOPPER

ISIN: INE531E01026

310.85

As on 2024-07-24

117.95 (52W Low) 415.80 (52W High)

HINDCOPPER's Today's Performance

Hindustan Copper Limited started the day by opening at 310.20 today 2024-07-24. Its shares reached a high of 316.00 and dipped to a low of 308.65 in intraday. When the markets closed, HINDCOPPER’s stock price settled at ₹310.85 per share. Also check out its key support and resistance levels.

HINDCOPPER Buy/Sell Targets

Tomorrow, sell HINDCOPPER when its price reaches ₹ 310.85 with a stop-loss order at ₹ 319.38. You can set the target price as ₹ 302.33 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 HINDCOPPER 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 HINDCOPPER

Downside Targets Value in ₹
Tomorrow Down Target 1 315
Tomorrow Down Target 2 319
Tomorrow Down Target 3 322

Important Levels for HINDCOPPER

Holding Levels Value in ₹
Tomorrow Up Target 1 308
Tomorrow Up Target 2 304
Tomorrow Up Target 3 300
Based on where the stock opens tomorrow, if HINDCOPPER opens on a positive note, our first target will be ₹315. If Target 1 is achieved, we will aim for Target 2 which is ₹319.

But if HINDCOPPER falls below the average value of ₹311.83, you can enter a sell side position with target number 1 - ₹308 and second target - ₹304 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 HINDCOPPER

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

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

Tomorrow's Volume based share price Forecast for HINDCOPPER

HINDCOPPER'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 64%.

Reversal detection for HINDCOPPER

Predicted trend chart of HINDCOPPER tomorrow for price forecast
HINDCOPPER may trend may continue to be bearish since stock is making lower low and we can get target of ₹313 in morning tomorrow
Target 1 tomorrow315
Target 2 tomorrow316
Target 3 tomorrow319
 

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 HINDCOPPER'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 HINDCOPPER opens on a positive note, our first target will be ₹315.02. If Target 1 is achieved, we will aim for Target 2 which is ₹319.18.

But if HINDCOPPER falls below the average value of ₹311.83, you can enter a sell side position with target number 1 - ₹307.67 and second target - ₹304.48

HINDCOPPER's Weekly Targets
1st Up Target 323.17
2nd Up Target 335.48
1st Down Target 300.07
2nd Down Target 289.28

As the week for HINDCOPPER ended on bullish sentiments, we can expect further continuation of this sentiment. HINDCOPPER's initial target will be 323.17 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 300.07 in the upcoming week.

Weekly OHLC Values
Open 304.80
High 324.70
Low 301.60
Close 310.85

Week for HINDCOPPER started with an open price of 304.80, and the close was at 310.85. HINDCOPPER reached the highest of 324.70 and dipped lowest up to 301.60 last week. This indicates a bullish sentiment for the week.

HINDCOPPER full month swing targets
Monthly Up Target 1 346.27
Monthly Up Target 2 358.58
Monthly Down Target 1 276.97
Monthly Down Target 2 243.08

Targets of ₹346.27 can be expected to be reached in the coming month. Once HINDCOPPER achieved this target, we can aim for the next upside target of ₹358.58.

HINDCOPPER if fails to hold upside, down targets of ₹276.97 and ₹243.08 can be achieved by end of this month.

For complete three weeks if HINDCOPPER 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

HINDCOPPER is expected to reach the target of 315.02 in tomorrow's trading session.

After achieving the initial target in HINDCOPPER, we will aim for higher targets of 319.18 tomorrow.

However, if HINDCOPPER starts to trade below ₹311.83, then we will shift our focus to the sell side and aim for down targets of 307.67 and 304.48.