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

Hitachi Energy India Limited

Symbol: NSE:POWERINDIA

ISIN: INE07Y701011

15,899.20

As on 2024-10-11

4,025.00 (52W Low) 16,549.95 (52W High)

POWERINDIA's Today's Performance

Hitachi Energy India Limited started the day by opening at 15,748.15 today 2024-10-11. Its shares reached a high of 16,549.95 and dipped to a low of 15,557.45 in intraday. When the markets closed, POWERINDIA’s stock price settled at ₹15,899.20 per share. Also check out its key support and resistance levels.

POWERINDIA Buy/Sell Targets

Tomorrow, sell POWERINDIA when its price reaches ₹ 15,899.20 with a stop-loss order at ₹ 16,513.38. You can set the target price as ₹ 15,285.03 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 POWERINDIA 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 POWERINDIA

Downside Targets Value in ₹
Tomorrow Down Target 1 16,447
Tomorrow Down Target 2 16,995
Tomorrow Down Target 3 17,439

Important Levels for POWERINDIA

Holding Levels Value in ₹
Tomorrow Up Target 1 15,454
Tomorrow Up Target 2 15,010
Tomorrow Up Target 3 14,462
Based on where the stock opens tomorrow, if POWERINDIA opens on a positive note, our first target will be ₹16,447. If Target 1 is achieved, we will aim for Target 2 which is ₹16,995.

But if POWERINDIA falls below the average value of ₹16,002.20, you can enter a sell side position with target number 1 - ₹15,454 and second target - ₹15,010 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 POWERINDIA

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

Based on this, the predicted sentiment for POWERINDIA is strong bullish.

Tomorrow's Volume based share price Forecast for POWERINDIA

POWERINDIA's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a strong bullish trend. Volume trend strength over the last month compared to the last week is 1%.

Reversal detection for POWERINDIA

Predicted trend chart of POWERINDIA tomorrow for price forecast
POWERINDIA may trend may continue to be bearish since stock is making lower low and we can get target of ₹15700 in morning tomorrow
Target 1 tomorrow16381
Target 2 tomorrow16616
Target 3 tomorrow16995
 

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 POWERINDIA'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 POWERINDIA opens on a positive note, our first target will be ₹16,446.95. If Target 1 is achieved, we will aim for Target 2 which is ₹16,994.70.

But if POWERINDIA falls below the average value of ₹16,002.20, you can enter a sell side position with target number 1 - ₹15,454.45 and second target - ₹15,009.70

POWERINDIA's Weekly Targets
1st Up Target 17,191.27
2nd Up Target 18,483.33
1st Down Target 13,965.82
2nd Down Target 12,032.43

As the week for POWERINDIA ended on bullish sentiments, we can expect further continuation of this sentiment. POWERINDIA's initial target will be 17,191.27 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 13,965.82 in the upcoming week.

Weekly OHLC Values
Open 14,015.50
High 16,549.95
Low 13,324.50
Close 15,899.20

Week for POWERINDIA started with an open price of 14,015.50, and the close was at 15,899.20. POWERINDIA reached the highest of 16,549.95 and dipped lowest up to 13,324.50 last week. This indicates a bullish sentiment for the week.

POWERINDIA full month swing targets
Monthly Up Target 1 20,416.72
Monthly Up Target 2 21,708.78
Monthly Down Target 1 10,740.37
Monthly Down Target 2 5,581.53

Targets of ₹20,416.72 can be expected to be reached in the coming month. Once POWERINDIA achieved this target, we can aim for the next upside target of ₹21,708.78.

POWERINDIA if fails to hold upside, down targets of ₹10,740.37 and ₹5,581.53 can be achieved by end of this month.

For complete three weeks if POWERINDIA 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

POWERINDIA is expected to reach the target of 16,446.95 in tomorrow's trading session.

After achieving the initial target in POWERINDIA, we will aim for higher targets of 16,994.70 tomorrow.

However, if POWERINDIA starts to trade below ₹16,002.20, then we will shift our focus to the sell side and aim for down targets of 15,454.45 and 15,009.70.