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

Hindustan Foods Limited

Symbol: NSE:HNDFDS

ISIN: INE254N01026

497.40

As on 2024-05-17

467.00 (52W Low) 632.45 (52W High)

HNDFDS's Today's Performance

Hindustan Foods Limited started the day by opening at 499.05 today 2024-05-17. Its shares reached a high of 500.40 and dipped to a low of 496.00 in intraday. When the markets closed, HNDFDS’s stock price settled at ₹497.40 per share. Also check out its key support and resistance levels.

HNDFDS Buy/Sell Targets

Tomorrow, sell HNDFDS when its price reaches ₹ 497.40 with a stop-loss order at ₹ 500.73. You can set the target price as ₹ 494.07 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 HNDFDS 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 HNDFDS

Downside Targets Value in ₹
Tomorrow Down Target 1 500
Tomorrow Down Target 2 502
Tomorrow Down Target 3 504

Important Levels for HNDFDS

Holding Levels Value in ₹
Tomorrow Up Target 1 495
Tomorrow Up Target 2 494
Tomorrow Up Target 3 491
Based on where the stock opens tomorrow, if HNDFDS opens on a positive note, our first target will be ₹500. If Target 1 is achieved, we will aim for Target 2 which is ₹502.

But if HNDFDS falls below the average value of ₹497.93, you can enter a sell side position with target number 1 - ₹495 and second target - ₹494 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 HNDFDS

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

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

Tomorrow's Volume based share price Forecast for HNDFDS

HNDFDS'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 37%.

Reversal detection for HNDFDS

Predicted trend chart of HNDFDS tomorrow for price forecast
HNDFDS may trend may continue to be bearish since stock is making lower low and we can get target of ₹498 in morning tomorrow
Target 1 tomorrow500
Target 2 tomorrow501
Target 3 tomorrow502
 

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 HNDFDS'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 HNDFDS opens on a positive note, our first target will be ₹499.87. If Target 1 is achieved, we will aim for Target 2 which is ₹502.33.

But if HNDFDS falls below the average value of ₹497.93, you can enter a sell side position with target number 1 - ₹495.47 and second target - ₹493.53

HNDFDS's Weekly Targets
1st Up Target 506.03
2nd Up Target 514.67
1st Down Target 488.38
2nd Down Target 479.37

As the week for HNDFDS ended on bearish sentiments, we can expect further continuation of this sentiment. HNDFDS's initial target will be 506.03 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 488.38 in the upcoming week.

Weekly OHLC Values
Open 500.00
High 505.65
Low 488.00
Close 497.40

Week for HNDFDS started with an open price of 500.00, and the close was at 497.40. HNDFDS reached the highest of 505.65 and dipped lowest up to 488.00 last week. This indicates a bearish sentiment for the week.

HNDFDS full month swing targets
Monthly Up Target 1 523.68
Monthly Up Target 2 532.32
Monthly Down Target 1 470.73
Monthly Down Target 2 444.07

Targets of ₹523.68 can be expected to be reached in the coming month. Once HNDFDS achieved this target, we can aim for the next upside target of ₹532.32.

HNDFDS if fails to hold upside, down targets of ₹470.73 and ₹444.07 can be achieved by end of this month.

For complete three weeks if HNDFDS 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 HNDFDS

Symbol Name Industry
ITC ITC Limited Tobacco
HINDUNILVR Hindustan Unilever Limited Household & Personal Products
DMART Avenue Supermarts Limited Discount Stores
NESTLEIND Nestle India Limited Packaged Foods
VBL Varun Beverages Limited Beverages - Non-Alcoholic

Summary

HNDFDS is expected to reach the target of 499.87 in tomorrow's trading session.

After achieving the initial target in HNDFDS, we will aim for higher targets of 502.33 tomorrow.

However, if HNDFDS starts to trade below ₹497.93, then we will shift our focus to the sell side and aim for down targets of 495.47 and 493.53.