HILIKS TECHNOLOGIES LIMITED Stock Forecast
HILIKS TECHNOLOGIES LIMITED stock price ended at ₹68.59 on Tuesday, after gaining 1.99%.
(Updated on Jun 25, 2024)
The HILIKS TECHNOLOGIES LIMITED stock price gained 1.99% on the last trading day (Tuesday, 25th Jun 2024), rising from ₹67.25 to ₹68.59. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0% from a day low at ₹68.59 to a day high of ₹68.59. The price has risen in 7 of the last 10 days and is up by 9.03% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 13 thousand more shares were traded than the day before. In total, 16 thousand shares were bought and sold for approximately ₹1.07 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 154.05% during the next 3 months and, with a 90% probability hold a price between ₹163.21 and ₹182.46 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
HILIKS.BO Signals & Forecast
The HILIKS TECHNOLOGIES LIMITED stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₹65.79 and ₹54.78. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 8.20%. Further rise is indicated until a new top pivot has been found. HILIKS TECHNOLOGIES LIMITED has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for HILIKS TECHNOLOGIES LIMITED stock
HILIKS TECHNOLOGIES LIMITED finds support from accumulated volume at ₹66.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 0.81%.
Our recommended stop-loss: ₹66.26 (-3.40%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (HILIKS.BO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect HILIKS TECHNOLOGIES LIMITED to open at ₹68.59, and during the day (based on 14 day Average True Range), to move between ₹67.15 and ₹70.03, which gives a possible trading interval of +/-₹1.44 (+/-2.10%) up or down from last closing price. If HILIKS TECHNOLOGIES LIMITED takes out the full calculated possible swing range there will be an estimated 4.20% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₹66.00, some ₹2.59 (3.78%) from the current price of ₹68.59, our system finds the risk reward attractive.
Is HILIKS TECHNOLOGIES LIMITED stock A Buy?
HILIKS TECHNOLOGIES LIMITED holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 5.787 Strong Buy Candidate Unchanged
Predicted Opening Price for HILIKS TECHNOLOGIES LIMITED of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₹68.59 ( 0%) | ₹68.59 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HILIKS.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 68.59 | - |
| R2 | 68.59 | - |
| R1 | 68.59 | - |
| Price | 68.59 | |
| S1 | 68.59 | - |
| S2 | 68.59 | - |
| S3 | 68.59 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 68.59 | |
| S1 | 66.00 | -3.78% |
| S2 | 59.30 | -13.54% |
| S3 | 58.14 | -15.24% |
FAQ
Click here for our free guide on how to buy HILIKS TECHNOLOGIES LIMITED Stock.
