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

Hindustan Zinc Limited

Symbol: NSE:HINDZINC

ISIN: INE267A01025

431.95

As on 2024-04-12

284.60 (52W Low) 437.80 (52W High)

HINDZINC's Today's Performance

Hindustan Zinc Limited started the day by opening at 402.00 today 2024-04-12. Its shares reached a high of 437.80 and dipped to a low of 394.05 in intraday. When the markets closed, HINDZINC’s stock price settled at ₹431.95 per share. Also check out its key support and resistance levels.

HINDZINC Buy/Sell Targets

Tomorrow, buy HINDZINC when its price reaches ₹ 431.95 with a stop-loss order at ₹ 409.66. You can set the target price as ₹ 454.24 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 HINDZINC for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for HINDZINC

Resistance Levels Value in ₹
Tomorrow Resistance 1 448
Tomorrow Resistance 2 465
Tomorrow Resistance 3 492

Important Supports for HINDZINC

Support Levels Value in ₹
Tomorrow Support 1 405
Tomorrow Support 2 378
Tomorrow Support 3 361
Based on where the stock opens tomorrow, if HINDZINC opens on a positive note, our first target will be ₹448. If Target 1 is achieved, we will aim for Target 2 which is ₹465.

But if HINDZINC falls below the average value of ₹421.27, you can enter a sell side position with target number 1 - ₹405 and second target - ₹378 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 HINDZINC

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

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

Tomorrow's Volume based share price Forecast for HINDZINC

HINDZINC'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 -39%.

Reversal detection for HINDZINC

Predicted trend chart of HINDZINC tomorrow for price forecast
HINDZINC may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹401 in morning tomorrow
Target 1 tomorrow438
Target 2 tomorrow448
Target 3 tomorrow465
 

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 HINDZINC'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 HINDZINC opens on a positive note, our first target will be ₹448.48. If Target 1 is achieved, we will aim for Target 2 which is ₹465.02.

But if HINDZINC falls below the average value of ₹421.27, you can enter a sell side position with target number 1 - ₹404.73 and second target - ₹377.52

HINDZINC's Weekly Targets
1st Up Target 466.03
2nd Up Target 500.12
1st Down Target 369.63
2nd Down Target 307.32

As the week for HINDZINC ended on bullish sentiments, we can expect further continuation of this sentiment. HINDZINC's initial target will be 466.03 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 369.63 in the upcoming week.

Weekly OHLC Values
Open 343.50
High 437.80
Low 341.40
Close 431.95

Week for HINDZINC started with an open price of 343.50, and the close was at 431.95. HINDZINC reached the highest of 437.80 and dipped lowest up to 341.40 last week. This indicates a bullish sentiment for the week.

HINDZINC full month swing targets
Monthly Up Target 1 562.43
Monthly Up Target 2 596.52
Monthly Down Target 1 273.23
Monthly Down Target 2 114.52

Targets of ₹562.43 can be expected to be reached in the coming month. Once HINDZINC achieved this target, we can aim for the next upside target of ₹596.52.

HINDZINC if fails to hold upside, down targets of ₹273.23 and ₹114.52 can be achieved by end of this month.

For complete three weeks if HINDZINC 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

HINDZINC is expected to reach the target of 448.48 in tomorrow's trading session.

After achieving the initial target in HINDZINC, we will aim for higher targets of 465.02 tomorrow.

However, if HINDZINC starts to trade below ₹421.27, then we will shift our focus to the sell side and aim for down targets of 404.73 and 377.52.