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

Huhtamaki India Limited

Symbol: NSE:HUHTAMAKI

ISIN: INE275B01026

372.25

As on 2024-07-19

244.10 (52W Low) 407.20 (52W High)

HUHTAMAKI's Today's Performance

Huhtamaki India Limited started the day by opening at 382.75 today 2024-07-19. Its shares reached a high of 382.75 and dipped to a low of 370.00 in intraday. When the markets closed, HUHTAMAKI’s stock price settled at ₹372.25 per share. Also check out its key support and resistance levels.

HUHTAMAKI Buy/Sell Targets

Tomorrow, sell HUHTAMAKI when its price reaches ₹ 372.25 with a stop-loss order at ₹ 378.45. You can set the target price as ₹ 366.05 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 HUHTAMAKI 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 HUHTAMAKI

Downside Targets Value in ₹
Tomorrow Down Target 1 380
Tomorrow Down Target 2 388
Tomorrow Down Target 3 393

Important Levels for HUHTAMAKI

Holding Levels Value in ₹
Tomorrow Up Target 1 367
Tomorrow Up Target 2 362
Tomorrow Up Target 3 355
Based on where the stock opens tomorrow, if HUHTAMAKI opens on a positive note, our first target will be ₹380. If Target 1 is achieved, we will aim for Target 2 which is ₹388.

But if HUHTAMAKI falls below the average value of ₹375.00, you can enter a sell side position with target number 1 - ₹367 and second target - ₹362 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 HUHTAMAKI

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

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

Tomorrow's Volume based share price Forecast for HUHTAMAKI

HUHTAMAKI'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 -43%.

Reversal detection for HUHTAMAKI

Predicted trend chart of HUHTAMAKI tomorrow for price forecast
HUHTAMAKI may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹385 in morning tomorrow
Target 1 tomorrow380
Target 2 tomorrow383
Target 3 tomorrow388
 

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 HUHTAMAKI'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 HUHTAMAKI opens on a positive note, our first target will be ₹380.00. If Target 1 is achieved, we will aim for Target 2 which is ₹387.75.

But if HUHTAMAKI falls below the average value of ₹375.00, you can enter a sell side position with target number 1 - ₹367.25 and second target - ₹362.25

HUHTAMAKI's Weekly Targets
1st Up Target 391.83
2nd Up Target 411.42
1st Down Target 361.33
2nd Down Target 350.42

As the week for HUHTAMAKI ended on bearish sentiments, we can expect further continuation of this sentiment. HUHTAMAKI's initial target will be 391.83 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 361.33 in the upcoming week.

Weekly OHLC Values
Open 400.00
High 400.50
Low 370.00
Close 372.25

Week for HUHTAMAKI started with an open price of 400.00, and the close was at 372.25. HUHTAMAKI reached the highest of 400.50 and dipped lowest up to 370.00 last week. This indicates a bearish sentiment for the week.

HUHTAMAKI full month swing targets
Monthly Up Target 1 422.33
Monthly Up Target 2 441.92
Monthly Down Target 1 330.83
Monthly Down Target 2 289.42

Targets of ₹422.33 can be expected to be reached in the coming month. Once HUHTAMAKI achieved this target, we can aim for the next upside target of ₹441.92.

HUHTAMAKI if fails to hold upside, down targets of ₹330.83 and ₹289.42 can be achieved by end of this month.

For complete three weeks if HUHTAMAKI 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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Summary

HUHTAMAKI is expected to reach the target of 380.00 in tomorrow's trading session.

After achieving the initial target in HUHTAMAKI, we will aim for higher targets of 387.75 tomorrow.

However, if HUHTAMAKI starts to trade below ₹375.00, then we will shift our focus to the sell side and aim for down targets of 367.25 and 362.25.