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

Chalet Hotels Limited

Symbol: NSE:CHALET

ISIN: INE427F01016

785.15

As on 2024-05-17

401.55 (52W Low) 958.00 (52W High)

CHALET's Today's Performance

Chalet Hotels Limited started the day by opening at 790.00 today 2024-05-17. Its shares reached a high of 797.10 and dipped to a low of 781.25 in intraday. When the markets closed, CHALET’s stock price settled at ₹785.15 per share. Also check out its key support and resistance levels.

CHALET Buy/Sell Targets

Tomorrow, sell CHALET when its price reaches ₹ 785.15 with a stop-loss order at ₹ 800.88. You can set the target price as ₹ 769.42 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 CHALET 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 CHALET

Downside Targets Value in ₹
Tomorrow Down Target 1 794
Tomorrow Down Target 2 804
Tomorrow Down Target 3 810

Important Levels for CHALET

Holding Levels Value in ₹
Tomorrow Up Target 1 779
Tomorrow Up Target 2 772
Tomorrow Up Target 3 763
Based on where the stock opens tomorrow, if CHALET opens on a positive note, our first target will be ₹794. If Target 1 is achieved, we will aim for Target 2 which is ₹804.

But if CHALET falls below the average value of ₹787.83, you can enter a sell side position with target number 1 - ₹779 and second target - ₹772 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 CHALET

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

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

Tomorrow's Volume based share price Forecast for CHALET

CHALET's Volume is currently in a Increasing 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 -69%.

Reversal detection for CHALET

Predicted trend chart of CHALET tomorrow for price forecast
CHALET may trend may continue to be bearish since stock is making lower low and we can get target of ₹785 in morning tomorrow
Target 1 tomorrow794
Target 2 tomorrow798
Target 3 tomorrow804
 

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 CHALET'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 CHALET opens on a positive note, our first target will be ₹794.42. If Target 1 is achieved, we will aim for Target 2 which is ₹803.68.

But if CHALET falls below the average value of ₹787.83, you can enter a sell side position with target number 1 - ₹778.57 and second target - ₹771.98

CHALET's Weekly Targets
1st Up Target 844.05
2nd Up Target 902.95
1st Down Target 733.65
2nd Down Target 682.15

As the week for CHALET ended on bearish sentiments, we can expect further continuation of this sentiment. CHALET's initial target will be 844.05 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 733.65 in the upcoming week.

Weekly OHLC Values
Open 833.85
High 851.45
Low 741.05
Close 785.15

Week for CHALET started with an open price of 833.85, and the close was at 785.15. CHALET reached the highest of 851.45 and dipped lowest up to 741.05 last week. This indicates a bearish sentiment for the week.

CHALET full month swing targets
Monthly Up Target 1 954.45
Monthly Up Target 2 1,013.35
Monthly Down Target 1 623.25
Monthly Down Target 2 461.35

Targets of ₹954.45 can be expected to be reached in the coming month. Once CHALET achieved this target, we can aim for the next upside target of ₹1,013.35.

CHALET if fails to hold upside, down targets of ₹623.25 and ₹461.35 can be achieved by end of this month.

For complete three weeks if CHALET 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 CHALET

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

CHALET is expected to reach the target of 794.42 in tomorrow's trading session.

After achieving the initial target in CHALET, we will aim for higher targets of 803.68 tomorrow.

However, if CHALET starts to trade below ₹787.83, then we will shift our focus to the sell side and aim for down targets of 778.57 and 771.98.