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(Hemang) Hemang complete technical analysis [charts+indicators] | Buy/Sell Hemang | (Hemang) share price targets

Complete technical analysis of Hemang (Hemang) by charts plus indicators, forecast predictions and share price targets for Hemang (Hemang)

10 day averaged volume of Hemang is 6588

Date Daily Closing Price Open High Low Volume
07 Tue May 2024 32.65 34.50 34.50 32.30 0.416 times
06 Mon May 2024 33.05 33.30 33.74 32.80 0.633 times
03 Fri May 2024 33.30 33.94 33.94 32.51 0.615 times
02 Thu May 2024 33.94 34.30 34.30 33.00 0.702 times
30 Tue Apr 2024 33.86 33.30 34.32 33.30 0.64 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 33.3, but if it comes above 33.3, then a intra day buy could be more profitable.
If you take a sell trade below 33.3, then use 33.3 as stoploss and 31.9 as target. However if you take a buy trade in stock , then use 33.3 as stoploss and 34.53 as target.

Share price targets for Hemang (Hemang)

Target Type Value
Downside Target 29.65
Downside Target 31.99
Upside Target 34.50
Upside Target 35.50
Upside Target 37.00
Upside Target 37.32
Upside Target 38.00
Upside Target 40.80
Upside Target 41.98
Upside Target 49.44

Intraday share price targets for Hemang (Hemang)

Target Type Value
Downside Intraday Target 31.8
Downside Intraday Target 30.95
Upside Intraday Target 34
Upside Intraday Target 35.35
Upside Intraday Target 33.15

Weekly technical analysis of Hemang (Hemang)

Date Weekly Closing Price Open High Low Volume
07 Tue May 2024 32.65 33.30 34.50 32.30 0.323 times
03 Fri May 2024 33.30 33.19 34.79 32.51 0.538 times
26 Fri Apr 2024 33.19 34.20 35.50 32.99 2.676 times
19 Fri Apr 2024 34.05 35.00 35.50 33.05 0.73 times
12 Fri Apr 2024 36.01 37.00 37.32 35.10 0.685 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Hemang (Hemang)

Date Monthly Closing Price Open High Low Volume
07 Tue May 2024 32.65 34.30 34.50 32.30 0.133 times
30 Tue Apr 2024 33.86 31.99 38.00 31.99 0.817 times
28 Thu Mar 2024 31.88 38.30 40.80 29.65 0.194 times
29 Thu Feb 2024 38.84 39.15 49.44 35.00 3.37 times

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Hemang (Hemang)

Indicator Name Indicator Value Indicator Signal
ADX 10, 17, 26 Sell
MACD -2, -1Sell
Stochastics 18Sell
CCI -103Sell
RSI 50Buy
OBV -35419Sell
VWAP 33Sell
ADL 0Sell
ROC -5Sell
Force Index 0Sell

Price action analysis of Hemang ( (Hemang) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Hemang ( (Hemang) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Hemang ( (Hemang) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Hemang ( (Hemang) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Hemang stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Hemang in short term and the sell signal is strong.

Hemang Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Hemang in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Hemang is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 33.49 and Hemang (Hemang) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Hemang (Hemang) stock. Volume based technical analysis of Hemang (Hemang) stock is negative.

Hemang Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Click here for Hemang charts

Click here for further forecast and predictions for tomorrow

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