As of January 9, 2025, Hindustan Agrigenetics Ltd. (BSE: HINDUST) is trading at ₹50.75, reflecting a 2.65% decrease over the past five days.
Technical Indicators:
Relative Strength Index (RSI): The current RSI is 43.84, indicating a neutral to slightly bearish momentum.
Moving Averages:
50-day Moving Average: The stock is trading below its 50-day moving average, suggesting a bearish trend.
200-day Moving Average: The stock is trading above its 200-day moving average, indicating a long-term bullish trend.
Average True Range (ATR): At 3.74, the ATR suggests moderate volatility.
Support and Resistance Levels:
Support: Immediate support is at ₹50.00, with stronger support around ₹45.00.
Resistance: Immediate resistance is at ₹55.00, with a significant barrier near ₹60.00.
Trading Strategy:
Target Price: If the stock breaks above ₹55.00 with strong volume, it may target ₹60.00.
Stop-Loss: Consider setting a stop-loss at ₹48.00 to manage downside risk.
Market Sentiment:
The stock has shown a 21.56% increase over the past year, indicating positive long-term sentiment. To provide an updated and specific analysis for Hindustan Agrigenetics Ltd., let's break it down into short-term and long-term perspectives, including target prices, stop loss, and key support and resistance levels:
Short-Term Analysis (1 week to 1 month):
Support Levels:
Strong support at ₹50.00
Secondary support at ₹48.00
Resistance Levels:
Immediate resistance at ₹55.00
Next resistance at ₹60.00
Short-Term Target:
If the stock sustains above ₹55.00, it could target ₹58.00–₹60.00.
Stop Loss:
For short positions: ₹53.00 (near resistance)
For long positions: ₹48.00 (below key support)
View:
Slightly bearish in the near term due to recent price corrections, unless it breaks ₹55.00 with high volume. Traders should watch for reversal signals at support zones.
Long-Term Analysis (6 months to 1 year):
Support Levels:
Strong support at ₹45.00 (long-term support)
Additional support at ₹40.00 (critical)
Resistance Levels:
Long-term resistance at ₹65.00
Breakout zone above ₹75.00
Long-Term Target:
If the stock sustains above ₹65.00, it could target ₹70.00–₹75.00 in the medium term.
Beyond ₹75.00, ₹85.00 is possible within a year.
Stop Loss:
For long-term investments: ₹45.00 SL 37 With closing base
View:
Bullish long-term outlook as the stock trades above its 200-day moving average, signaling potential for sustained growth, especially if fundamentals align.
General Recommendations:
For Short-Term Traders:
Monitor breakout above ₹55.00 or breakdown below ₹50.00 for momentum trades.
Use ₹48.00 as a strict stop loss for long trades.
For Long-Term Investors:
Accumulate near ₹45.00–₹50.00 levels if fundamentals remain strong.
Hold for targets of ₹65.00–₹75.00 .
*SHREEJI FINANCE & INVESTMENT*
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