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

The Indian Hotels Company Limited

Symbol: NSE:INDHOTEL

ISIN: INE053A01029

589.30

As on 2024-06-13

371.60 (52W Low) 622.50 (52W High)

INDHOTEL's Today's Performance

The Indian Hotels Company Limited started the day by opening at 588.90 today 2024-06-13. Its shares reached a high of 594.00 and dipped to a low of 584.00 in intraday. When the markets closed, INDHOTEL’s stock price settled at ₹589.30 per share. Also check out its key support and resistance levels.

INDHOTEL Buy/Sell Targets

Tomorrow, buy INDHOTEL when its price reaches ₹ 589.30 with a stop-loss order at ₹ 584.88. You can set the target price as ₹ 593.73 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 INDHOTEL 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 INDHOTEL

Downside Targets Value in ₹
Tomorrow Down Target 1 594
Tomorrow Down Target 2 599
Tomorrow Down Target 3 604

Important Levels for INDHOTEL

Holding Levels Value in ₹
Tomorrow Up Target 1 584
Tomorrow Up Target 2 579
Tomorrow Up Target 3 574
Based on where the stock opens tomorrow, if INDHOTEL opens on a positive note, our first target will be ₹594. If Target 1 is achieved, we will aim for Target 2 which is ₹599.

But if INDHOTEL falls below the average value of ₹589.10, you can enter a sell side position with target number 1 - ₹584 and second target - ₹579 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 INDHOTEL

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

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

Tomorrow's Volume based share price Forecast for INDHOTEL

INDHOTEL'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 -57%.

Reversal detection for INDHOTEL

Predicted trend chart of INDHOTEL tomorrow for price forecast
INDHOTEL may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹585 in morning tomorrow
Target 1 tomorrow593
Target 2 tomorrow595
Target 3 tomorrow599
 

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 INDHOTEL'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 INDHOTEL opens on a positive note, our first target will be ₹594.20. If Target 1 is achieved, we will aim for Target 2 which is ₹599.10.

But if INDHOTEL falls below the average value of ₹589.10, you can enter a sell side position with target number 1 - ₹584.20 and second target - ₹579.10

INDHOTEL's Weekly Targets
1st Up Target 596.78
2nd Up Target 604.27
1st Down Target 579.03
2nd Down Target 568.77

As the week for INDHOTEL ended on bearish sentiments, we can expect further continuation of this sentiment. INDHOTEL's initial target will be 596.78 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 579.03 in the upcoming week.

Weekly OHLC Values
Open 591.00
High 594.00
Low 576.25
Close 589.30

Week for INDHOTEL started with an open price of 591.00, and the close was at 589.30. INDHOTEL reached the highest of 594.00 and dipped lowest up to 576.25 last week. This indicates a bearish sentiment for the week.

INDHOTEL full month swing targets
Monthly Up Target 1 614.53
Monthly Up Target 2 622.02
Monthly Down Target 1 561.28
Monthly Down Target 2 533.27

Targets of ₹614.53 can be expected to be reached in the coming month. Once INDHOTEL achieved this target, we can aim for the next upside target of ₹622.02.

INDHOTEL if fails to hold upside, down targets of ₹561.28 and ₹533.27 can be achieved by end of this month.

For complete three weeks if INDHOTEL 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

INDHOTEL is expected to reach the target of 594.20 in tomorrow's trading session.

After achieving the initial target in INDHOTEL, we will aim for higher targets of 599.10 tomorrow.

However, if INDHOTEL starts to trade below ₹589.10, then we will shift our focus to the sell side and aim for down targets of 584.20 and 579.10.