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

EIH Limited

Symbol: NSE:EIHOTEL

ISIN: INE230A01023

482.75

As on 2024-05-17

190.15 (52W Low) 502.20 (52W High)

EIHOTEL's Today's Performance

EIH Limited started the day by opening at 483.75 today 2024-05-17. Its shares reached a high of 485.20 and dipped to a low of 473.95 in intraday. When the markets closed, EIHOTEL’s stock price settled at ₹482.75 per share. Also check out its key support and resistance levels.

EIHOTEL Buy/Sell Targets

Tomorrow, buy EIHOTEL when its price reaches ₹ 482.75 with a stop-loss order at ₹ 476.33. You can set the target price as ₹ 489.18 to capture potential gains. This buy 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 EIHOTEL 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 EIHOTEL

Downside Targets Value in ₹
Tomorrow Down Target 1 487
Tomorrow Down Target 2 492
Tomorrow Down Target 3 499

Important Levels for EIHOTEL

Holding Levels Value in ₹
Tomorrow Up Target 1 476
Tomorrow Up Target 2 469
Tomorrow Up Target 3 465
Based on where the stock opens tomorrow, if EIHOTEL opens on a positive note, our first target will be ₹487. If Target 1 is achieved, we will aim for Target 2 which is ₹492.

But if EIHOTEL falls below the average value of ₹480.63, you can enter a sell side position with target number 1 - ₹476 and second target - ₹469 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 EIHOTEL

Looking at EIHOTEL, we've seen a Decreasing 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, EIHOTEL has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for EIHOTEL is moderate bearish.

Tomorrow's Volume based share price Forecast for EIHOTEL

EIHOTEL's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is -30%.

Reversal detection for EIHOTEL

Predicted trend chart of EIHOTEL tomorrow for price forecast
EIHOTEL may trend may continue to be bullish since stock is making higher highs and we can get target of ₹485 in morning tomorrow
Target 1 tomorrow485
Target 2 tomorrow488
Target 3 tomorrow492
 

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 EIHOTEL'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 EIHOTEL opens on a positive note, our first target will be ₹487.32. If Target 1 is achieved, we will aim for Target 2 which is ₹491.88.

But if EIHOTEL falls below the average value of ₹480.63, you can enter a sell side position with target number 1 - ₹476.07 and second target - ₹469.38

EIHOTEL's Weekly Targets
1st Up Target 494.75
2nd Up Target 506.75
1st Down Target 469.90
2nd Down Target 457.05

As the week for EIHOTEL ended on bearish sentiments, we can expect further continuation of this sentiment. EIHOTEL's initial target will be 494.75 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 469.90 in the upcoming week.

Weekly OHLC Values
Open 488.15
High 493.90
Low 469.05
Close 482.75

Week for EIHOTEL started with an open price of 488.15, and the close was at 482.75. EIHOTEL reached the highest of 493.90 and dipped lowest up to 469.05 last week. This indicates a bearish sentiment for the week.

EIHOTEL full month swing targets
Monthly Up Target 1 519.60
Monthly Up Target 2 531.60
Monthly Down Target 1 445.05
Monthly Down Target 2 407.35

Targets of ₹519.60 can be expected to be reached in the coming month. Once EIHOTEL achieved this target, we can aim for the next upside target of ₹531.60.

EIHOTEL if fails to hold upside, down targets of ₹445.05 and ₹407.35 can be achieved by end of this month.

For complete three weeks if EIHOTEL 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

EIHOTEL is expected to reach the target of 487.32 in tomorrow's trading session.

After achieving the initial target in EIHOTEL, we will aim for higher targets of 491.88 tomorrow.

However, if EIHOTEL starts to trade below ₹480.63, then we will shift our focus to the sell side and aim for down targets of 476.07 and 469.38.