Price and trend forecast of BYKE for Tomorrow, Weekly, Monthly
The Byke Hospitality Ltd
Symbol: NSE:BYKE
ISIN: INE319B01014
79.91
As on 2024-12-06
BYKE's Today's Performance
The Byke Hospitality Ltd started the day by opening at 76.11 today 2024-12-06. Its shares reached a high of 79.91 and dipped to a low of 76.11 in intraday. When the markets closed, BYKE’s stock price settled at ₹79.91 per share. Also check out its key support and resistance levels.
BYKE Buy/Sell Targets
Tomorrow, buy BYKE when its price reaches ₹ 79.91 with a stop-loss order at ₹ 78.54. You can set the target price as ₹ 81.28 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 BYKE 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 BYKE
Downside Targets | Value in ₹ |
---|---|
Tomorrow Down Target 1 | 81 |
Tomorrow Down Target 2 | 82 |
Tomorrow Down Target 3 | 85 |
Important Levels for BYKE
Holding Levels | Value in ₹ |
---|---|
Tomorrow Up Target 1 | 77 |
Tomorrow Up Target 2 | 75 |
Tomorrow Up Target 3 | 74 |
Based on where the stock opens tomorrow, if BYKE opens on a positive note, our first target will be ₹81. If Target 1 is achieved, we will aim for Target 2 which is ₹82.
But if BYKE falls below the average value of ₹78.64, you can enter a sell side position with target number 1 - ₹77 and second target - ₹75 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 BYKE
Looking at BYKE, we've seen a Increasing 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, BYKE has been on a Upward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for BYKE is strong bullish.
Tomorrow's Volume based share price Forecast for BYKE
BYKE's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a strong bullish trend. Volume trend strength over the last month compared to the last week is 184%.
Reversal detection for BYKE
BYKE may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹77 in morning tomorrow
Target 1 tomorrow | 80 |
Target 2 tomorrow | 81 |
Target 3 tomorrow | 82 |
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 BYKE'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 BYKE opens on a positive note, our first target will be ₹81.18. If Target 1 is achieved, we will aim for Target 2 which is ₹82.44.
But if BYKE falls below the average value of ₹78.64, you can enter a sell side position with target number 1 - ₹77.38 and second target - ₹74.84
BYKE's Weekly Targets
1st Up Target | 81.54 |
2nd Up Target | 83.17 |
1st Down Target | 76.65 |
2nd Down Target | 73.39 |
As the week for BYKE ended on bullish sentiments, we can expect further continuation of this sentiment. BYKE's initial target will be 81.54 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 76.65 in the upcoming week.
Weekly OHLC Values
Open | 76.65 |
High | 79.91 |
Low | 75.02 |
Close | 79.91 |
Week for BYKE started with an open price of 76.65, and the close was at 79.91. BYKE reached the highest of 79.91 and dipped lowest up to 75.02 last week. This indicates a bullish sentiment for the week.
BYKE full month swing targets
Monthly Up Target 1 | 86.43 |
Monthly Up Target 2 | 88.06 |
Monthly Down Target 1 | 71.76 |
Monthly Down Target 2 | 63.61 |
Targets of ₹86.43 can be expected to be reached in the coming month. Once BYKE achieved this target, we can aim for the next upside target of ₹88.06.
BYKE if fails to hold upside, down targets of ₹71.76 and ₹63.61 can be achieved by end of this month.
For complete three weeks if BYKE 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 BYKE
Symbol | Name | Industry |
---|---|---|
MARUTI | Maruti Suzuki India Limited | Auto Manufacturers |
TATAMTRDVR | Tata Motors Limited | Auto Manufacturers |
TATAMOTORS | Tata Motors Limited | Auto Manufacturers |
TITAN | Titan Company Limited | Luxury Goods |
BAJAJ-AUTO | Bajaj Auto Limited | Auto Manufacturers |
Summary
BYKE is expected to reach the target of 81.18 in tomorrow's trading session.
After achieving the initial target in BYKE, we will aim for higher targets of 82.44 tomorrow.
However, if BYKE starts to trade below ₹78.64, then we will shift our focus to the sell side and aim for down targets of 77.38 and 74.84.