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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)

Showing technical analysis as on 2022-11-24 View latest technical analysis

10 day averaged volume of Hemang is 16478

Date Daily Closing Price Open High Low Volume
24 Thu Nov 2022 51.85 54.35 54.35 51.00 0.632 times
23 Wed Nov 2022 52.85 50.35 52.85 50.10 0.847 times
22 Tue Nov 2022 50.35 49.30 50.95 48.65 0.601 times
21 Mon Nov 2022 49.65 52.30 52.30 47.65 0.88 times
18 Fri Nov 2022 49.95 49.85 52.50 49.85 1.172 times
17 Thu Nov 2022 52.45 55.50 57.90 52.45 1.326 times
16 Wed Nov 2022 55.20 52.05 57.45 52.05 1.771 times
15 Tue Nov 2022 54.75 57.60 57.60 54.75 0.652 times
14 Mon Nov 2022 57.60 59.10 60.00 57.60 0.902 times
11 Fri Nov 2022 60.60 64.40 64.40 60.00 1.241 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 52.3, but if it comes above 52.3, then a intra day buy could be more profitable.
If you take a sell trade below 52.3, then use 52.3 as stoploss and 44.7 as target. However if you take a buy trade in stock , then use 52.3 as stoploss and 58.62 as target.

Share price targets for Hemang (Hemang)

Target Type Value
Downside Target 33.50
Downside Target 36.10
Downside Target 38.70
Downside Target 40.00
Downside Target 43.20
Downside Target 46.80
Downside Target 48.95
Downside Target 51.60
Upside Target 54.35
Upside Target 56.10
Upside Target 60.00
Upside Target 67.65
Upside Target 73.55
Upside Target 75.80
Upside Target 80.90

Intraday share price targets for Hemang (Hemang)

Target Type Value
Downside Intraday Target 48.22
Downside Intraday Target 44.58
Upside Intraday Target 54.92
Upside Intraday Target 57.98
Downside Intraday Target 51.28

Weekly technical analysis of Hemang (Hemang)

Date Weekly Closing Price Open High Low Volume
24 Thu Nov 2022 51.85 52.30 54.35 47.65 0.508 times
18 Fri Nov 2022 49.95 59.10 60.00 49.85 0.839 times
11 Fri Nov 2022 60.60 67.65 67.65 60.00 0.332 times
04 Fri Nov 2022 64.45 77.85 80.90 56.10 2.038 times
28 Fri Oct 2022 73.55 44.00 73.55 43.20 4.907 times

Price has moved up 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
24 Thu Nov 2022 51.85 68.95 75.80 47.65 0.912 times
31 Mon Oct 2022 68.95 46.05 80.90 40.00 1.98 times
30 Fri Sep 2022 44.70 39.70 46.80 38.70 0.556 times
30 Tue Aug 2022 40.85 36.50 48.95 33.50 1.399 times

Scroll below to view daily charts

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 24, 24, 2 Buy
MACD 1, 3Sell
Stochastics 24Sell
CCI -35Buy
RSI 57Buy
OBV -217960Sell
VWAP 54Sell
ADL 0Sell
ROC -17Sell
Force Index 0Sell

Price action analysis of Hemang ( (Hemang) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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

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

MACD generated a SELL signal for Hemang in short term but the sell signal is initial and weak.

Hemang Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Hemang in short term but BUY signal is weak.

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 53.89 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 positive

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

Daily charts

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Daily chart

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