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

EIH Associated Hotels Limited

Symbol: NSE:EIHAHOTELS

ISIN: INE276C01014

752.35

As on 2024-04-24

413.80 (52W Low) 839.60 (52W High)

EIHAHOTELS's Today's Performance

EIH Associated Hotels Limited started the day by opening at 755.95 today 2024-04-24. Its shares reached a high of 760.85 and dipped to a low of 749.05 in intraday. When the markets closed, EIHAHOTELS’s stock price settled at ₹752.35 per share. Also check out its key support and resistance levels.

EIHAHOTELS Buy/Sell Targets

Tomorrow, buy EIHAHOTELS when its price reaches ₹ 752.35 with a stop-loss order at ₹ 741.92. You can set the target price as ₹ 762.78 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 EIHAHOTELS 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 EIHAHOTELS

Downside Targets Value in ₹
Tomorrow Down Target 1 759
Tomorrow Down Target 2 766
Tomorrow Down Target 3 771

Important Levels for EIHAHOTELS

Holding Levels Value in ₹
Tomorrow Up Target 1 747
Tomorrow Up Target 2 742
Tomorrow Up Target 3 736
Based on where the stock opens tomorrow, if EIHAHOTELS opens on a positive note, our first target will be ₹759. If Target 1 is achieved, we will aim for Target 2 which is ₹766.

But if EIHAHOTELS falls below the average value of ₹754.08, you can enter a sell side position with target number 1 - ₹747 and second target - ₹742 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 EIHAHOTELS

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

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

Tomorrow's Volume based share price Forecast for EIHAHOTELS

EIHAHOTELS'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 -55%.

Reversal detection for EIHAHOTELS

Predicted trend chart of EIHAHOTELS tomorrow for price forecast
EIHAHOTELS may trend may continue to be bullish since stock is making higher highs and we can get target of ₹750 in morning tomorrow
Target 1 tomorrow759
Target 2 tomorrow761
Target 3 tomorrow766
 

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 EIHAHOTELS'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 EIHAHOTELS opens on a positive note, our first target will be ₹759.12. If Target 1 is achieved, we will aim for Target 2 which is ₹765.88.

But if EIHAHOTELS falls below the average value of ₹754.08, you can enter a sell side position with target number 1 - ₹747.32 and second target - ₹742.28

EIHAHOTELS's Weekly Targets
1st Up Target 767.45
2nd Up Target 782.55
1st Down Target 731.65
2nd Down Target 710.95

As the week for EIHAHOTELS ended on bullish sentiments, we can expect further continuation of this sentiment. EIHAHOTELS's initial target will be 767.45 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 731.65 in the upcoming week.

Weekly OHLC Values
Open 746.00
High 761.85
Low 726.05
Close 752.35

Week for EIHAHOTELS started with an open price of 746.00, and the close was at 752.35. EIHAHOTELS reached the highest of 761.85 and dipped lowest up to 726.05 last week. This indicates a bullish sentiment for the week.

EIHAHOTELS full month swing targets
Monthly Up Target 1 803.25
Monthly Up Target 2 818.35
Monthly Down Target 1 695.85
Monthly Down Target 2 639.35

Targets of ₹803.25 can be expected to be reached in the coming month. Once EIHAHOTELS achieved this target, we can aim for the next upside target of ₹818.35.

EIHAHOTELS if fails to hold upside, down targets of ₹695.85 and ₹639.35 can be achieved by end of this month.

For complete three weeks if EIHAHOTELS 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 EIHAHOTELS

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MARUTI Maruti Suzuki India Limited Auto Manufacturers
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TATAMOTORS Tata Motors Limited Auto Manufacturers
TITAN Titan Company Limited Luxury Goods
BAJAJ-AUTO Bajaj Auto Limited Auto Manufacturers

Summary

EIHAHOTELS is expected to reach the target of 759.12 in tomorrow's trading session.

After achieving the initial target in EIHAHOTELS, we will aim for higher targets of 765.88 tomorrow.

However, if EIHAHOTELS starts to trade below ₹754.08, then we will shift our focus to the sell side and aim for down targets of 747.32 and 742.28.