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

Kamat Hotels (I) Limited

Symbol: NSE:KAMATHOTEL

ISIN: INE967C01018

295.65

As on 2024-04-12

128.45 (52W Low) 372.00 (52W High)

KAMATHOTEL's Today's Performance

Kamat Hotels (I) Limited started the day by opening at 302.30 today 2024-04-12. Its shares reached a high of 302.30 and dipped to a low of 291.50 in intraday. When the markets closed, KAMATHOTEL’s stock price settled at ₹295.65 per share. Also check out its key support and resistance levels.

KAMATHOTEL Buy/Sell Targets

Tomorrow, sell KAMATHOTEL when its price reaches ₹ 295.65 with a stop-loss order at ₹ 300.79. You can set the target price as ₹ 290.51 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 KAMATHOTEL for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for KAMATHOTEL

Resistance Levels Value in ₹
Tomorrow Resistance 1 301
Tomorrow Resistance 2 307
Tomorrow Resistance 3 312

Important Supports for KAMATHOTEL

Support Levels Value in ₹
Tomorrow Support 1 291
Tomorrow Support 2 286
Tomorrow Support 3 280
Based on where the stock opens tomorrow, if KAMATHOTEL opens on a positive note, our first target will be ₹301. If Target 1 is achieved, we will aim for Target 2 which is ₹307.

But if KAMATHOTEL falls below the average value of ₹296.48, you can enter a sell side position with target number 1 - ₹291 and second target - ₹286 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 KAMATHOTEL

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

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

Tomorrow's Volume based share price Forecast for KAMATHOTEL

KAMATHOTEL's Volume is currently in a Increasing 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 -24%.

Reversal detection for KAMATHOTEL

Predicted trend chart of KAMATHOTEL tomorrow for price forecast
KAMATHOTEL may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹306 in morning tomorrow
Target 1 tomorrow301
Target 2 tomorrow303
Target 3 tomorrow307
 

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 KAMATHOTEL'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 KAMATHOTEL opens on a positive note, our first target will be ₹301.47. If Target 1 is achieved, we will aim for Target 2 which is ₹307.28.

But if KAMATHOTEL falls below the average value of ₹296.48, you can enter a sell side position with target number 1 - ₹290.67 and second target - ₹285.68

KAMATHOTEL's Weekly Targets
1st Up Target 310.00
2nd Up Target 324.35
1st Down Target 286.40
2nd Down Target 277.15

As the week for KAMATHOTEL ended on bearish sentiments, we can expect further continuation of this sentiment. KAMATHOTEL's initial target will be 310.00 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 286.40 in the upcoming week.

Weekly OHLC Values
Open 302.90
High 315.10
Low 291.50
Close 295.65

Week for KAMATHOTEL started with an open price of 302.90, and the close was at 295.65. KAMATHOTEL reached the highest of 315.10 and dipped lowest up to 291.50 last week. This indicates a bearish sentiment for the week.

KAMATHOTEL full month swing targets
Monthly Up Target 1 333.60
Monthly Up Target 2 347.95
Monthly Down Target 1 262.80
Monthly Down Target 2 229.95

Targets of ₹333.60 can be expected to be reached in the coming month. Once KAMATHOTEL achieved this target, we can aim for the next upside target of ₹347.95.

KAMATHOTEL if fails to hold upside, down targets of ₹262.80 and ₹229.95 can be achieved by end of this month.

For complete three weeks if KAMATHOTEL 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 KAMATHOTEL

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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

KAMATHOTEL is expected to reach the target of 301.47 in tomorrow's trading session.

After achieving the initial target in KAMATHOTEL, we will aim for higher targets of 307.28 tomorrow.

However, if KAMATHOTEL starts to trade below ₹296.48, then we will shift our focus to the sell side and aim for down targets of 290.67 and 285.68.