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

Advani Hotels & Resorts (India) Limited

Symbol: NSE:ADVANIHOTR

ISIN: INE199C01026

81.80

As on 2024-04-12

71.50 (52W Low) 175.00 (52W High)

ADVANIHOTR's Today's Performance

Advani Hotels & Resorts (India) Limited started the day by opening at 83.25 today 2024-04-12. Its shares reached a high of 84.00 and dipped to a low of 81.15 in intraday. When the markets closed, ADVANIHOTR’s stock price settled at ₹81.80 per share. Also check out its key support and resistance levels.

ADVANIHOTR Buy/Sell Targets

Tomorrow, sell ADVANIHOTR when its price reaches ₹ 81.80 with a stop-loss order at ₹ 83.53. You can set the target price as ₹ 80.07 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 ADVANIHOTR for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for ADVANIHOTR

Resistance Levels Value in ₹
Tomorrow Resistance 1 83
Tomorrow Resistance 2 85
Tomorrow Resistance 3 86

Important Supports for ADVANIHOTR

Support Levels Value in ₹
Tomorrow Support 1 81
Tomorrow Support 2 79
Tomorrow Support 3 78
Based on where the stock opens tomorrow, if ADVANIHOTR opens on a positive note, our first target will be ₹83. If Target 1 is achieved, we will aim for Target 2 which is ₹85.

But if ADVANIHOTR falls below the average value of ₹82.32, you can enter a sell side position with target number 1 - ₹81 and second target - ₹79 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 ADVANIHOTR

Looking at ADVANIHOTR, 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, ADVANIHOTR has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for ADVANIHOTR is moderate bullish.

Tomorrow's Volume based share price Forecast for ADVANIHOTR

ADVANIHOTR'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 -40%.

Reversal detection for ADVANIHOTR

Predicted trend chart of ADVANIHOTR tomorrow for price forecast
ADVANIHOTR may trend may continue to be bearish since stock is making lower low and we can get target of ₹83 in morning tomorrow
Target 1 tomorrow83
Target 2 tomorrow84
Target 3 tomorrow85
 

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 ADVANIHOTR'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 ADVANIHOTR opens on a positive note, our first target will be ₹83.48. If Target 1 is achieved, we will aim for Target 2 which is ₹85.17.

But if ADVANIHOTR falls below the average value of ₹82.32, you can enter a sell side position with target number 1 - ₹80.63 and second target - ₹79.47

ADVANIHOTR's Weekly Targets
1st Up Target 85.78
2nd Up Target 89.77
1st Down Target 79.48
2nd Down Target 77.17

As the week for ADVANIHOTR ended on bearish sentiments, we can expect further continuation of this sentiment. ADVANIHOTR's initial target will be 85.78 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 79.48 in the upcoming week.

Weekly OHLC Values
Open 85.00
High 87.45
Low 81.15
Close 81.80

Week for ADVANIHOTR started with an open price of 85.00, and the close was at 81.80. ADVANIHOTR reached the highest of 87.45 and dipped lowest up to 81.15 last week. This indicates a bearish sentiment for the week.

ADVANIHOTR full month swing targets
Monthly Up Target 1 92.08
Monthly Up Target 2 96.07
Monthly Down Target 1 73.18
Monthly Down Target 2 64.57

Targets of ₹92.08 can be expected to be reached in the coming month. Once ADVANIHOTR achieved this target, we can aim for the next upside target of ₹96.07.

ADVANIHOTR if fails to hold upside, down targets of ₹73.18 and ₹64.57 can be achieved by end of this month.

For complete three weeks if ADVANIHOTR 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

ADVANIHOTR is expected to reach the target of 83.48 in tomorrow's trading session.

After achieving the initial target in ADVANIHOTR, we will aim for higher targets of 85.17 tomorrow.

However, if ADVANIHOTR starts to trade below ₹82.32, then we will shift our focus to the sell side and aim for down targets of 80.63 and 79.47.