Price and trend forecast of HPL for Tomorrow, Weekly, Monthly
HPL Electric & Power Limited
Symbol: NSE:HPL
ISIN: INE495S01016
578.25
As on 2024-09-11
HPL's Today's Performance
HPL Electric & Power Limited started the day by opening at 584.80 today 2024-09-11. Its shares reached a high of 588.90 and dipped to a low of 578.00 in intraday. When the markets closed, HPL’s stock price settled at ₹578.25 per share. Also check out its key support and resistance levels.
HPL Buy/Sell Targets
Tomorrow, sell HPL when its price reaches ₹ 578.25 with a stop-loss order at ₹ 586.75. You can set the target price as ₹ 569.75 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 HPL 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 HPL
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 585 |
| Tomorrow Down Target 2 | 593 |
| Tomorrow Down Target 3 | 596 |
Important Levels for HPL
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 575 |
| Tomorrow Up Target 2 | 571 |
| Tomorrow Up Target 3 | 564 |
Based on where the stock opens tomorrow, if HPL opens on a positive note, our first target will be ₹585. If Target 1 is achieved, we will aim for Target 2 which is ₹593.
But if HPL falls below the average value of ₹581.72, you can enter a sell side position with target number 1 - ₹575 and second target - ₹571 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 HPL
Looking at HPL, we've seen a Decreasing 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, HPL has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for HPL is moderate bearish.
Tomorrow's Volume based share price Forecast for HPL
HPL's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is 207%.
Reversal detection for HPL
HPL may trend may continue to be bearish since stock is making lower low and we can get target of ₹588 in morning tomorrow
| Target 1 tomorrow | 586 |
| Target 2 tomorrow | 588 |
| Target 3 tomorrow | 593 |
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 HPL'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 HPL opens on a positive note, our first target will be ₹585.43. If Target 1 is achieved, we will aim for Target 2 which is ₹592.62.
But if HPL falls below the average value of ₹581.72, you can enter a sell side position with target number 1 - ₹574.53 and second target - ₹570.82
HPL's Weekly Targets
| 1st Up Target | 595.32 |
| 2nd Up Target | 612.38 |
| 1st Down Target | 566.87 |
| 2nd Down Target | 555.48 |
As the week for HPL ended on bullish sentiments, we can expect further continuation of this sentiment. HPL's initial target will be 595.32 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 566.87 in the upcoming week.
Weekly OHLC Values
| Open | 578.00 |
| High | 601.00 |
| Low | 572.55 |
| Close | 578.25 |
Week for HPL started with an open price of 578.00, and the close was at 578.25. HPL reached the highest of 601.00 and dipped lowest up to 572.55 last week. This indicates a bullish sentiment for the week.
HPL full month swing targets
| Monthly Up Target 1 | 623.77 |
| Monthly Up Target 2 | 640.83 |
| Monthly Down Target 1 | 538.42 |
| Monthly Down Target 2 | 498.58 |
Targets of ₹623.77 can be expected to be reached in the coming month. Once HPL achieved this target, we can aim for the next upside target of ₹640.83.
HPL if fails to hold upside, down targets of ₹538.42 and ₹498.58 can be achieved by end of this month.
For complete three weeks if HPL 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 HPL
| Symbol | Name | Industry |
|---|---|---|
| LT | Larsen & Toubro Limited | Engineering & Construction |
| ADANIPORTS | Adani Ports and Special Economic Zone Limited | Marine Shipping |
| HAL | Hindustan Aeronautics Limited | Aerospace & Defense |
| SIEMENS | Siemens Limited | Specialty Industrial Machinery |
| BEL | Bharat Electronics Limited | Aerospace & Defense |
Summary
HPL is expected to reach the target of 585.43 in tomorrow's trading session.
After achieving the initial target in HPL, we will aim for higher targets of 592.62 tomorrow.
However, if HPL starts to trade below ₹581.72, then we will shift our focus to the sell side and aim for down targets of 574.53 and 570.82.