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

Hitech Corporation Limited

Symbol: NSE:HITECHCORP

ISIN: INE120D01012

263.95

As on 2024-11-11

179.90 (52W Low) 351.35 (52W High)

HITECHCORP's Today's Performance

Hitech Corporation Limited started the day by opening at 265.35 today 2024-11-11. Its shares reached a high of 268.00 and dipped to a low of 261.00 in intraday. When the markets closed, HITECHCORP’s stock price settled at ₹263.95 per share. Also check out its key support and resistance levels.

HITECHCORP Buy/Sell Targets

Tomorrow, sell HITECHCORP when its price reaches ₹ 263.95 with a stop-loss order at ₹ 270.42. You can set the target price as ₹ 257.48 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 HITECHCORP 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 HITECHCORP

Downside Targets Value in ₹
Tomorrow Down Target 1 268
Tomorrow Down Target 2 271
Tomorrow Down Target 3 275

Important Levels for HITECHCORP

Holding Levels Value in ₹
Tomorrow Up Target 1 261
Tomorrow Up Target 2 257
Tomorrow Up Target 3 254
Based on where the stock opens tomorrow, if HITECHCORP opens on a positive note, our first target will be ₹268. If Target 1 is achieved, we will aim for Target 2 which is ₹271.

But if HITECHCORP falls below the average value of ₹264.32, you can enter a sell side position with target number 1 - ₹261 and second target - ₹257 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 HITECHCORP

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

Based on this, the predicted sentiment for HITECHCORP is strong bearish.

Tomorrow's Volume based share price Forecast for HITECHCORP

HITECHCORP's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a strong bearish trend. Volume trend strength over the last month compared to the last week is 59%.

Reversal detection for HITECHCORP

Predicted trend chart of HITECHCORP tomorrow for price forecast
HITECHCORP may trend may continue to be bearish since stock is making lower low and we can get target of ₹271 in morning tomorrow
Target 1 tomorrow267
Target 2 tomorrow269
Target 3 tomorrow271
 

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 HITECHCORP'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 HITECHCORP opens on a positive note, our first target will be ₹267.63. If Target 1 is achieved, we will aim for Target 2 which is ₹271.32.

But if HITECHCORP falls below the average value of ₹264.32, you can enter a sell side position with target number 1 - ₹260.63 and second target - ₹257.32

HITECHCORP's Weekly Targets
1st Up Target 267.63
2nd Up Target 271.32
1st Down Target 260.63
2nd Down Target 257.32

As the week for HITECHCORP ended on bearish sentiments, we can expect further continuation of this sentiment. HITECHCORP's initial target will be 267.63 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 260.63 in the upcoming week.

Weekly OHLC Values
Open 265.35
High 268.00
Low 261.00
Close 263.95

Week for HITECHCORP started with an open price of 265.35, and the close was at 263.95. HITECHCORP reached the highest of 268.00 and dipped lowest up to 261.00 last week. This indicates a bearish sentiment for the week.

HITECHCORP full month swing targets
Monthly Up Target 1 274.63
Monthly Up Target 2 278.32
Monthly Down Target 1 253.63
Monthly Down Target 2 243.32

Targets of ₹274.63 can be expected to be reached in the coming month. Once HITECHCORP achieved this target, we can aim for the next upside target of ₹278.32.

HITECHCORP if fails to hold upside, down targets of ₹253.63 and ₹243.32 can be achieved by end of this month.

For complete three weeks if HITECHCORP 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

HITECHCORP is expected to reach the target of 267.63 in tomorrow's trading session.

After achieving the initial target in HITECHCORP, we will aim for higher targets of 271.32 tomorrow.

However, if HITECHCORP starts to trade below ₹264.32, then we will shift our focus to the sell side and aim for down targets of 260.63 and 257.32.