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

EIH Limited

Symbol: NSE:EIHOTEL

ISIN: INE230A01023

453.35

As on 2024-04-19

168.50 (52W Low) 502.20 (52W High)

EIHOTEL's Today's Performance

EIH Limited started the day by opening at 443.00 today 2024-04-19. Its shares reached a high of 456.70 and dipped to a low of 435.20 in intraday. When the markets closed, EIHOTEL’s stock price settled at ₹453.35 per share. Also check out its key support and resistance levels.

EIHOTEL Buy/Sell Targets

Tomorrow, sell EIHOTEL when its price reaches ₹ 453.35 with a stop-loss order at ₹ 464.71. You can set the target price as ₹ 441.99 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 EIHOTEL 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 EIHOTEL

Downside Targets Value in ₹
Tomorrow Down Target 1 462
Tomorrow Down Target 2 470
Tomorrow Down Target 3 483

Important Levels for EIHOTEL

Holding Levels Value in ₹
Tomorrow Up Target 1 440
Tomorrow Up Target 2 427
Tomorrow Up Target 3 419
Based on where the stock opens tomorrow, if EIHOTEL opens on a positive note, our first target will be ₹462. If Target 1 is achieved, we will aim for Target 2 which is ₹470.

But if EIHOTEL falls below the average value of ₹448.42, you can enter a sell side position with target number 1 - ₹440 and second target - ₹427 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 EIHOTEL

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

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

Tomorrow's Volume based share price Forecast for EIHOTEL

EIHOTEL'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 -30%.

Reversal detection for EIHOTEL

Predicted trend chart of EIHOTEL tomorrow for price forecast
EIHOTEL may trend may continue to be bearish since stock is making lower low and we can get target of ₹458 in morning tomorrow
Target 1 tomorrow457
Target 2 tomorrow462
Target 3 tomorrow470
 

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 EIHOTEL'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 EIHOTEL opens on a positive note, our first target will be ₹461.63. If Target 1 is achieved, we will aim for Target 2 which is ₹469.92.

But if EIHOTEL falls below the average value of ₹448.42, you can enter a sell side position with target number 1 - ₹440.13 and second target - ₹426.92

EIHOTEL's Weekly Targets
1st Up Target 473.80
2nd Up Target 494.25
1st Down Target 434.05
2nd Down Target 414.75

As the week for EIHOTEL ended on bearish sentiments, we can expect further continuation of this sentiment. EIHOTEL's initial target will be 473.80 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 434.05 in the upcoming week.

Weekly OHLC Values
Open 464.55
High 474.95
Low 435.20
Close 453.35

Week for EIHOTEL started with an open price of 464.55, and the close was at 453.35. EIHOTEL reached the highest of 474.95 and dipped lowest up to 435.20 last week. This indicates a bearish sentiment for the week.

EIHOTEL full month swing targets
Monthly Up Target 1 513.55
Monthly Up Target 2 534.00
Monthly Down Target 1 394.30
Monthly Down Target 2 335.25

Targets of ₹513.55 can be expected to be reached in the coming month. Once EIHOTEL achieved this target, we can aim for the next upside target of ₹534.00.

EIHOTEL if fails to hold upside, down targets of ₹394.30 and ₹335.25 can be achieved by end of this month.

For complete three weeks if EIHOTEL 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

EIHOTEL is expected to reach the target of 461.63 in tomorrow's trading session.

After achieving the initial target in EIHOTEL, we will aim for higher targets of 469.92 tomorrow.

However, if EIHOTEL starts to trade below ₹448.42, then we will shift our focus to the sell side and aim for down targets of 440.13 and 426.92.