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

Hubtown Limited

Symbol: NSE:HUBTOWN

ISIN: INE703H01016

138.05

As on 2024-04-24

37.35 (52W Low) 172.00 (52W High)

HUBTOWN's Today's Performance

Hubtown Limited started the day by opening at 140.00 today 2024-04-24. Its shares reached a high of 140.00 and dipped to a low of 135.00 in intraday. When the markets closed, HUBTOWN’s stock price settled at ₹138.05 per share. Also check out its key support and resistance levels.

HUBTOWN Buy/Sell Targets

Tomorrow, sell HUBTOWN when its price reaches ₹ 138.05 with a stop-loss order at ₹ 141.66. You can set the target price as ₹ 134.44 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 HUBTOWN 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 HUBTOWN

Downside Targets Value in ₹
Tomorrow Down Target 1 140
Tomorrow Down Target 2 143
Tomorrow Down Target 3 145

Important Levels for HUBTOWN

Holding Levels Value in ₹
Tomorrow Up Target 1 135
Tomorrow Up Target 2 133
Tomorrow Up Target 3 130
Based on where the stock opens tomorrow, if HUBTOWN opens on a positive note, our first target will be ₹140. If Target 1 is achieved, we will aim for Target 2 which is ₹143.

But if HUBTOWN falls below the average value of ₹137.68, you can enter a sell side position with target number 1 - ₹135 and second target - ₹133 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 HUBTOWN

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

Based on this, the predicted sentiment for HUBTOWN is moderate bullish.

Tomorrow's Volume based share price Forecast for HUBTOWN

HUBTOWN's Volume is currently in a Decreasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is -15%.

Reversal detection for HUBTOWN

Predicted trend chart of HUBTOWN tomorrow for price forecast
HUBTOWN may trend may continue to be bearish since stock is making lower low and we can get target of ₹137 in morning tomorrow
Target 1 tomorrow140
Target 2 tomorrow141
Target 3 tomorrow143
 

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 HUBTOWN'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 HUBTOWN opens on a positive note, our first target will be ₹140.37. If Target 1 is achieved, we will aim for Target 2 which is ₹142.68.

But if HUBTOWN falls below the average value of ₹137.68, you can enter a sell side position with target number 1 - ₹135.37 and second target - ₹132.68

HUBTOWN's Weekly Targets
1st Up Target 143.17
2nd Up Target 148.28
1st Down Target 130.02
2nd Down Target 121.98

As the week for HUBTOWN ended on bullish sentiments, we can expect further continuation of this sentiment. HUBTOWN's initial target will be 143.17 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 130.02 in the upcoming week.

Weekly OHLC Values
Open 127.80
High 140.25
Low 127.10
Close 138.05

Week for HUBTOWN started with an open price of 127.80, and the close was at 138.05. HUBTOWN reached the highest of 140.25 and dipped lowest up to 127.10 last week. This indicates a bullish sentiment for the week.

HUBTOWN full month swing targets
Monthly Up Target 1 156.32
Monthly Up Target 2 161.43
Monthly Down Target 1 116.87
Monthly Down Target 2 95.68

Targets of ₹156.32 can be expected to be reached in the coming month. Once HUBTOWN achieved this target, we can aim for the next upside target of ₹161.43.

HUBTOWN if fails to hold upside, down targets of ₹116.87 and ₹95.68 can be achieved by end of this month.

For complete three weeks if HUBTOWN 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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PHOENIXLTD The Phoenix Mills Limited Real Estate - Diversified

Summary

HUBTOWN is expected to reach the target of 140.37 in tomorrow's trading session.

After achieving the initial target in HUBTOWN, we will aim for higher targets of 142.68 tomorrow.

However, if HUBTOWN starts to trade below ₹137.68, then we will shift our focus to the sell side and aim for down targets of 135.37 and 132.68.