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

Himadri Speciality Chemical Limited

Symbol: NSE:HSCL

ISIN: INE019C01026

349.00

As on 2024-05-17

115.05 (52W Low) 398.75 (52W High)

HSCL's Today's Performance

Himadri Speciality Chemical Limited started the day by opening at 352.00 today 2024-05-17. Its shares reached a high of 352.30 and dipped to a low of 346.70 in intraday. When the markets closed, HSCL’s stock price settled at ₹349.00 per share. Also check out its key support and resistance levels.

HSCL Buy/Sell Targets

Tomorrow, buy HSCL when its price reaches ₹ 349.00 with a stop-loss order at ₹ 345.21. You can set the target price as ₹ 352.79 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 HSCL 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 HSCL

Downside Targets Value in ₹
Tomorrow Down Target 1 352
Tomorrow Down Target 2 355
Tomorrow Down Target 3 358

Important Levels for HSCL

Holding Levels Value in ₹
Tomorrow Up Target 1 346
Tomorrow Up Target 2 344
Tomorrow Up Target 3 341
Based on where the stock opens tomorrow, if HSCL opens on a positive note, our first target will be ₹352. If Target 1 is achieved, we will aim for Target 2 which is ₹355.

But if HSCL falls below the average value of ₹349.33, you can enter a sell side position with target number 1 - ₹346 and second target - ₹344 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 HSCL

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

Based on this, the predicted sentiment for HSCL is moderate bearish.

Tomorrow's Volume based share price Forecast for HSCL

HSCL'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 -2%.

Reversal detection for HSCL

Predicted trend chart of HSCL tomorrow for price forecast
HSCL may trend may continue to be bullish since stock is making higher highs and we can get target of ₹351 in morning tomorrow
Target 1 tomorrow351
Target 2 tomorrow353
Target 3 tomorrow355
 

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 HSCL'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 HSCL opens on a positive note, our first target will be ₹351.97. If Target 1 is achieved, we will aim for Target 2 which is ₹354.93.

But if HSCL falls below the average value of ₹349.33, you can enter a sell side position with target number 1 - ₹346.37 and second target - ₹343.73

HSCL's Weekly Targets
1st Up Target 362.60
2nd Up Target 376.20
1st Down Target 332.70
2nd Down Target 316.40

As the week for HSCL ended on bullish sentiments, we can expect further continuation of this sentiment. HSCL's initial target will be 362.60 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 332.70 in the upcoming week.

Weekly OHLC Values
Open 346.15
High 359.90
Low 330.00
Close 349.00

Week for HSCL started with an open price of 346.15, and the close was at 349.00. HSCL reached the highest of 359.90 and dipped lowest up to 330.00 last week. This indicates a bullish sentiment for the week.

HSCL full month swing targets
Monthly Up Target 1 392.50
Monthly Up Target 2 406.10
Monthly Down Target 1 302.80
Monthly Down Target 2 256.60

Targets of ₹392.50 can be expected to be reached in the coming month. Once HSCL achieved this target, we can aim for the next upside target of ₹406.10.

HSCL if fails to hold upside, down targets of ₹302.80 and ₹256.60 can be achieved by end of this month.

For complete three weeks if HSCL 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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GRASIM Grasim Industries Limited Building Materials

Summary

HSCL is expected to reach the target of 351.97 in tomorrow's trading session.

After achieving the initial target in HSCL, we will aim for higher targets of 354.93 tomorrow.

However, if HSCL starts to trade below ₹349.33, then we will shift our focus to the sell side and aim for down targets of 346.37 and 343.73.