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

HLE Glascoat Limited

Symbol: NSE:HLEGLAS

ISIN: INE461D01028

436.35

As on 2024-04-19

404.95 (52W Low) 698.40 (52W High)

HLEGLAS's Today's Performance

HLE Glascoat Limited started the day by opening at 430.00 today 2024-04-19. Its shares reached a high of 439.95 and dipped to a low of 427.00 in intraday. When the markets closed, HLEGLAS’s stock price settled at ₹436.35 per share. Also check out its key support and resistance levels.

HLEGLAS Buy/Sell Targets

Tomorrow, buy HLEGLAS when its price reaches ₹ 436.35 with a stop-loss order at ₹ 429.28. You can set the target price as ₹ 443.43 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 HLEGLAS 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 HLEGLAS

Downside Targets Value in ₹
Tomorrow Down Target 1 442
Tomorrow Down Target 2 447
Tomorrow Down Target 3 455

Important Levels for HLEGLAS

Holding Levels Value in ₹
Tomorrow Up Target 1 429
Tomorrow Up Target 2 421
Tomorrow Up Target 3 416
Based on where the stock opens tomorrow, if HLEGLAS opens on a positive note, our first target will be ₹442. If Target 1 is achieved, we will aim for Target 2 which is ₹447.

But if HLEGLAS falls below the average value of ₹434.43, you can enter a sell side position with target number 1 - ₹429 and second target - ₹421 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 HLEGLAS

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

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

Tomorrow's Volume based share price Forecast for HLEGLAS

HLEGLAS'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 23%.

Reversal detection for HLEGLAS

Predicted trend chart of HLEGLAS tomorrow for price forecast
HLEGLAS may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹439 in morning tomorrow
Target 1 tomorrow439
Target 2 tomorrow442
Target 3 tomorrow447
 

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 HLEGLAS'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 HLEGLAS opens on a positive note, our first target will be ₹441.87. If Target 1 is achieved, we will aim for Target 2 which is ₹447.38.

But if HLEGLAS falls below the average value of ₹434.43, you can enter a sell side position with target number 1 - ₹428.92 and second target - ₹421.48

HLEGLAS's Weekly Targets
1st Up Target 448.90
2nd Up Target 461.45
1st Down Target 425.40
2nd Down Target 414.45

As the week for HLEGLAS ended on bearish sentiments, we can expect further continuation of this sentiment. HLEGLAS's initial target will be 448.90 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 425.40 in the upcoming week.

Weekly OHLC Values
Open 440.00
High 450.50
Low 427.00
Close 436.35

Week for HLEGLAS started with an open price of 440.00, and the close was at 436.35. HLEGLAS reached the highest of 450.50 and dipped lowest up to 427.00 last week. This indicates a bearish sentiment for the week.

HLEGLAS full month swing targets
Monthly Up Target 1 472.40
Monthly Up Target 2 484.95
Monthly Down Target 1 401.90
Monthly Down Target 2 367.45

Targets of ₹472.40 can be expected to be reached in the coming month. Once HLEGLAS achieved this target, we can aim for the next upside target of ₹484.95.

HLEGLAS if fails to hold upside, down targets of ₹401.90 and ₹367.45 can be achieved by end of this month.

For complete three weeks if HLEGLAS 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

HLEGLAS is expected to reach the target of 441.87 in tomorrow's trading session.

After achieving the initial target in HLEGLAS, we will aim for higher targets of 447.38 tomorrow.

However, if HLEGLAS starts to trade below ₹434.43, then we will shift our focus to the sell side and aim for down targets of 428.92 and 421.48.