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

Hindustan Copper Limited

Symbol: NSE:HINDCOPPER

ISIN: INE531E01026

379.65

As on 2024-04-24

97.60 (52W Low) 394.00 (52W High)

HINDCOPPER's Today's Performance

Hindustan Copper Limited started the day by opening at 374.90 today 2024-04-24. Its shares reached a high of 381.90 and dipped to a low of 372.20 in intraday. When the markets closed, HINDCOPPER’s stock price settled at ₹379.65 per share. Also check out its key support and resistance levels.

HINDCOPPER Buy/Sell Targets

Tomorrow, buy HINDCOPPER when its price reaches ₹ 379.65 with a stop-loss order at ₹ 372.48. You can set the target price as ₹ 386.82 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 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 1 384
Tomorrow Down Target 2 388
Tomorrow Down Target 3 393

Important Levels for HINDCOPPER

Holding Levels Value in ₹
Tomorrow Up Target 1 374
Tomorrow Up Target 2 368
Tomorrow Up Target 3 364
Based on where the stock opens tomorrow, if HINDCOPPER opens on a positive note, our first target will be ₹384. If Target 1 is achieved, we will aim for Target 2 which is ₹388.

But if HINDCOPPER falls below the average value of ₹377.92, you can enter a sell side position with target number 1 - ₹374 and second target - ₹368 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 Upward path, giving us insights how its value changes in the market.

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

Tomorrow's Volume based share price Forecast for HINDCOPPER

HINDCOPPER'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 64%.

Reversal detection for HINDCOPPER

Predicted trend chart of HINDCOPPER tomorrow for price forecast
HINDCOPPER may trend may continue to be bullish since stock is making higher highs and we can get target of ₹375 in morning tomorrow
Target 1 tomorrow382
Target 2 tomorrow384
Target 3 tomorrow388
 

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 ₹383.63. If Target 1 is achieved, we will aim for Target 2 which is ₹387.62.

But if HINDCOPPER falls below the average value of ₹377.92, you can enter a sell side position with target number 1 - ₹373.93 and second target - ₹368.22

HINDCOPPER's Weekly Targets
1st Up Target 392.07
2nd Up Target 404.48
1st Down Target 369.17
2nd Down Target 358.68

As the week for HINDCOPPER ended on bullish sentiments, we can expect further continuation of this sentiment. HINDCOPPER's initial target will be 392.07 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 369.17 in the upcoming week.

Weekly OHLC Values
Open 371.30
High 394.00
Low 371.10
Close 379.65

Week for HINDCOPPER started with an open price of 371.30, and the close was at 379.65. HINDCOPPER reached the highest of 394.00 and dipped lowest up to 371.10 last week. This indicates a bullish sentiment for the week.

HINDCOPPER full month swing targets
Monthly Up Target 1 414.97
Monthly Up Target 2 427.38
Monthly Down Target 1 346.27
Monthly Down Target 2 312.88

Targets of ₹414.97 can be expected to be reached in the coming month. Once HINDCOPPER achieved this target, we can aim for the next upside target of ₹427.38.

HINDCOPPER if fails to hold upside, down targets of ₹346.27 and ₹312.88 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 383.63 in tomorrow's trading session.

After achieving the initial target in HINDCOPPER, we will aim for higher targets of 387.62 tomorrow.

However, if HINDCOPPER starts to trade below ₹377.92, then we will shift our focus to the sell side and aim for down targets of 373.93 and 368.22.