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

Hindustan Oil Exploration Company Limited

Symbol: NSE:HINDOILEXP

ISIN: INE345A01011

188.20

As on 2024-06-13

154.70 (52W Low) 257.95 (52W High)

HINDOILEXP's Today's Performance

Hindustan Oil Exploration Company Limited started the day by opening at 182.62 today 2024-06-13. Its shares reached a high of 192.00 and dipped to a low of 182.60 in intraday. When the markets closed, HINDOILEXP’s stock price settled at ₹188.20 per share. Also check out its key support and resistance levels.

HINDOILEXP Buy/Sell Targets

Tomorrow, buy HINDOILEXP when its price reaches ₹ 188.20 with a stop-loss order at ₹ 184.73. You can set the target price as ₹ 191.67 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 HINDOILEXP 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 HINDOILEXP

Downside Targets Value in ₹
Tomorrow Down Target 1 193
Tomorrow Down Target 2 197
Tomorrow Down Target 3 202

Important Levels for HINDOILEXP

Holding Levels Value in ₹
Tomorrow Up Target 1 183
Tomorrow Up Target 2 178
Tomorrow Up Target 3 174
Based on where the stock opens tomorrow, if HINDOILEXP opens on a positive note, our first target will be ₹193. If Target 1 is achieved, we will aim for Target 2 which is ₹197.

But if HINDOILEXP falls below the average value of ₹187.60, you can enter a sell side position with target number 1 - ₹183 and second target - ₹178 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 HINDOILEXP

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

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

Tomorrow's Volume based share price Forecast for HINDOILEXP

HINDOILEXP's Volume is currently in a Increasing 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 -22%.

Reversal detection for HINDOILEXP

Predicted trend chart of HINDOILEXP tomorrow for price forecast
HINDOILEXP may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹183 in morning tomorrow
Target 1 tomorrow191
Target 2 tomorrow193
Target 3 tomorrow197
 

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 HINDOILEXP'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 HINDOILEXP opens on a positive note, our first target will be ₹192.60. If Target 1 is achieved, we will aim for Target 2 which is ₹197.00.

But if HINDOILEXP falls below the average value of ₹187.60, you can enter a sell side position with target number 1 - ₹183.20 and second target - ₹178.20

HINDOILEXP's Weekly Targets
1st Up Target 193.47
2nd Up Target 198.73
1st Down Target 181.47
2nd Down Target 174.73

As the week for HINDOILEXP ended on bullish sentiments, we can expect further continuation of this sentiment. HINDOILEXP's initial target will be 193.47 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 181.47 in the upcoming week.

Weekly OHLC Values
Open 184.99
High 192.00
Low 180.00
Close 188.20

Week for HINDOILEXP started with an open price of 184.99, and the close was at 188.20. HINDOILEXP reached the highest of 192.00 and dipped lowest up to 180.00 last week. This indicates a bullish sentiment for the week.

HINDOILEXP full month swing targets
Monthly Up Target 1 205.47
Monthly Up Target 2 210.73
Monthly Down Target 1 169.47
Monthly Down Target 2 150.73

Targets of ₹205.47 can be expected to be reached in the coming month. Once HINDOILEXP achieved this target, we can aim for the next upside target of ₹210.73.

HINDOILEXP if fails to hold upside, down targets of ₹169.47 and ₹150.73 can be achieved by end of this month.

For complete three weeks if HINDOILEXP 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 HINDOILEXP

Symbol Name Industry
RELIANCE Reliance Industries Limited Oil & Gas Refining & Marketing
ADANIENT Adani Enterprises Limited Thermal Coal
ONGC Oil & Natural Gas Corporation Limited Oil & Gas Integrated
COALINDIA Coal India Limited Thermal Coal
IOC Indian Oil Corporation Limited Oil & Gas Refining & Marketing

Summary

HINDOILEXP is expected to reach the target of 192.60 in tomorrow's trading session.

After achieving the initial target in HINDOILEXP, we will aim for higher targets of 197.00 tomorrow.

However, if HINDOILEXP starts to trade below ₹187.60, then we will shift our focus to the sell side and aim for down targets of 183.20 and 178.20.