Price and trend forecast of HONASA for Tomorrow, Weekly, Monthly
Honasa Consumer Limited
Symbol: NSE:HONASA
ISIN: INE0J5401028
264.10
As on 2024-11-19
HONASA's Today's Performance
Honasa Consumer Limited started the day by opening at 254.95 today 2024-11-19. Its shares reached a high of 270.00 and dipped to a low of 242.35 in intraday. When the markets closed, HONASA’s stock price settled at ₹264.10 per share. Also check out its key support and resistance levels.
HONASA Buy/Sell Targets
Tomorrow, sell HONASA when its price reaches ₹ 264.10 with a stop-loss order at ₹ 273.14. You can set the target price as ₹ 255.06 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 HONASA 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 HONASA
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 275 |
| Tomorrow Down Target 2 | 286 |
| Tomorrow Down Target 3 | 303 |
Important Levels for HONASA
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 248 |
| Tomorrow Up Target 2 | 231 |
| Tomorrow Up Target 3 | 220 |
Based on where the stock opens tomorrow, if HONASA opens on a positive note, our first target will be ₹275. If Target 1 is achieved, we will aim for Target 2 which is ₹286.
But if HONASA falls below the average value of ₹258.82, you can enter a sell side position with target number 1 - ₹248 and second target - ₹231 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 HONASA
Looking at HONASA, 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, HONASA has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for HONASA is strong bearish.
Tomorrow's Volume based share price Forecast for HONASA
HONASA'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 120%.
Reversal detection for HONASA
HONASA may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹301 in morning tomorrow
| Target 1 tomorrow | 269 |
| Target 2 tomorrow | 276 |
| Target 3 tomorrow | 286 |
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 HONASA'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 HONASA opens on a positive note, our first target will be ₹275.28. If Target 1 is achieved, we will aim for Target 2 which is ₹286.47.
But if HONASA falls below the average value of ₹258.82, you can enter a sell side position with target number 1 - ₹247.63 and second target - ₹231.17
HONASA's Weekly Targets
| 1st Up Target | 301.28 |
| 2nd Up Target | 338.47 |
| 1st Down Target | 234.63 |
| 2nd Down Target | 205.17 |
As the week for HONASA ended on bearish sentiments, we can expect further continuation of this sentiment. HONASA's initial target will be 301.28 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 234.63 in the upcoming week.
Weekly OHLC Values
| Open | 306.00 |
| High | 309.00 |
| Low | 242.35 |
| Close | 264.10 |
Week for HONASA started with an open price of 306.00, and the close was at 264.10. HONASA reached the highest of 309.00 and dipped lowest up to 242.35 last week. This indicates a bearish sentiment for the week.
HONASA full month swing targets
| Monthly Up Target 1 | 367.93 |
| Monthly Up Target 2 | 405.12 |
| Monthly Down Target 1 | 167.98 |
| Monthly Down Target 2 | 71.87 |
Targets of ₹367.93 can be expected to be reached in the coming month. Once HONASA achieved this target, we can aim for the next upside target of ₹405.12.
HONASA if fails to hold upside, down targets of ₹167.98 and ₹71.87 can be achieved by end of this month.
For complete three weeks if HONASA 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 HONASA
| 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
HONASA is expected to reach the target of 275.28 in tomorrow's trading session.
After achieving the initial target in HONASA, we will aim for higher targets of 286.47 tomorrow.
However, if HONASA starts to trade below ₹258.82, then we will shift our focus to the sell side and aim for down targets of 247.63 and 231.17.