Price and trend forecast of OMAXE for Tomorrow, Weekly, Monthly
Omaxe Limited
Symbol: NSE:OMAXE
ISIN: INE800H01010
110.76
As on 2024-12-06
OMAXE's Today's Performance
Omaxe Limited started the day by opening at 114.00 today 2024-12-06. Its shares reached a high of 114.94 and dipped to a low of 109.97 in intraday. When the markets closed, OMAXE’s stock price settled at ₹110.76 per share. Also check out its key support and resistance levels.
OMAXE Buy/Sell Targets
Tomorrow, sell OMAXE when its price reaches ₹ 110.76 with a stop-loss order at ₹ 113.81. You can set the target price as ₹ 107.71 to capture potential gains. This sell 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 OMAXE 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 OMAXE
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 114 |
| Tomorrow Down Target 2 | 117 |
| Tomorrow Down Target 3 | 119 |
Important Levels for OMAXE
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 109 |
| Tomorrow Up Target 2 | 107 |
| Tomorrow Up Target 3 | 104 |
Based on where the stock opens tomorrow, if OMAXE opens on a positive note, our first target will be ₹114. If Target 1 is achieved, we will aim for Target 2 which is ₹117.
But if OMAXE falls below the average value of ₹111.89, you can enter a sell side position with target number 1 - ₹109 and second target - ₹107 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 OMAXE
Looking at OMAXE, 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, OMAXE has been on a Upward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for OMAXE is moderate bullish.
Tomorrow's Volume based share price Forecast for OMAXE
OMAXE's Volume is currently in a Decreasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is -52%.
Reversal detection for OMAXE
OMAXE may trend may continue to be bearish since stock is making lower low and we can get target of ₹110 in morning tomorrow
| Target 1 tomorrow | 114 |
| Target 2 tomorrow | 115 |
| Target 3 tomorrow | 117 |
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 OMAXE'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 OMAXE opens on a positive note, our first target will be ₹113.81. If Target 1 is achieved, we will aim for Target 2 which is ₹116.86.
But if OMAXE falls below the average value of ₹111.89, you can enter a sell side position with target number 1 - ₹108.84 and second target - ₹106.92
OMAXE's Weekly Targets
| 1st Up Target | 117.54 |
| 2nd Up Target | 124.31 |
| 1st Down Target | 101.39 |
| 2nd Down Target | 92.01 |
As the week for OMAXE ended on bullish sentiments, we can expect further continuation of this sentiment. OMAXE's initial target will be 117.54 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 101.39 in the upcoming week.
Weekly OHLC Values
| Open | 99.99 |
| High | 114.94 |
| Low | 98.79 |
| Close | 110.76 |
Week for OMAXE started with an open price of 99.99, and the close was at 110.76. OMAXE reached the highest of 114.94 and dipped lowest up to 98.79 last week. This indicates a bullish sentiment for the week.
OMAXE full month swing targets
| Monthly Up Target 1 | 133.69 |
| Monthly Up Target 2 | 140.46 |
| Monthly Down Target 1 | 85.24 |
| Monthly Down Target 2 | 59.71 |
Targets of ₹133.69 can be expected to be reached in the coming month. Once OMAXE achieved this target, we can aim for the next upside target of ₹140.46.
OMAXE if fails to hold upside, down targets of ₹85.24 and ₹59.71 can be achieved by end of this month.
For complete three weeks if OMAXE 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.
Related Stocks in the Same Sector as OMAXE
| Symbol | Name | Industry |
|---|---|---|
| DLF | DLF Limited | Real Estate - Development |
| LODHA | Macrotech Developers Limited | Real Estate - Development |
| GODREJPROP | Godrej Properties Limited | Real Estate - Development |
| OBEROIRLTY | Oberoi Realty Limited | Real Estate - Development |
| PHOENIXLTD | The Phoenix Mills Limited | Real Estate - Diversified |
Summary
OMAXE is expected to reach the target of 113.81 in tomorrow's trading session.
After achieving the initial target in OMAXE, we will aim for higher targets of 116.86 tomorrow.
However, if OMAXE starts to trade below ₹111.89, then we will shift our focus to the sell side and aim for down targets of 108.84 and 106.92.