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

Oberoi Realty Limited

Symbol: NSE:OBEROIRLTY

ISIN: INE093I01010

2,143.30

As on 2024-12-06

1,268.15 (52W Low) 2,192.00 (52W High)

OBEROIRLTY's Today's Performance

Oberoi Realty Limited started the day by opening at 2,146.90 today 2024-12-06. Its shares reached a high of 2,157.45 and dipped to a low of 2,117.00 in intraday. When the markets closed, OBEROIRLTY’s stock price settled at ₹2,143.30 per share. Also check out its key support and resistance levels.

OBEROIRLTY Buy/Sell Targets

Tomorrow, buy OBEROIRLTY when its price reaches ₹ 2,143.30 with a stop-loss order at ₹ 2,108.61. You can set the target price as ₹ 2,177.99 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 OBEROIRLTY 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 OBEROIRLTY

Downside Targets Value in ₹
Tomorrow Down Target 1 2,162
Tomorrow Down Target 2 2,180
Tomorrow Down Target 3 2,202

Important Levels for OBEROIRLTY

Holding Levels Value in ₹
Tomorrow Up Target 1 2,121
Tomorrow Up Target 2 2,099
Tomorrow Up Target 3 2,081
Based on where the stock opens tomorrow, if OBEROIRLTY opens on a positive note, our first target will be ₹2,162. If Target 1 is achieved, we will aim for Target 2 which is ₹2,180.

But if OBEROIRLTY falls below the average value of ₹2,139.25, you can enter a sell side position with target number 1 - ₹2,121 and second target - ₹2,099 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 OBEROIRLTY

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

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

Tomorrow's Volume based share price Forecast for OBEROIRLTY

OBEROIRLTY'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 -48%.

Reversal detection for OBEROIRLTY

Predicted trend chart of OBEROIRLTY tomorrow for price forecast
OBEROIRLTY may trend may continue to be bullish since stock is making higher highs and we can get target of ₹2145 in morning tomorrow
Target 1 tomorrow2155
Target 2 tomorrow2164
Target 3 tomorrow2180
 

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 OBEROIRLTY'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 OBEROIRLTY opens on a positive note, our first target will be ₹2,161.50. If Target 1 is achieved, we will aim for Target 2 which is ₹2,179.70.

But if OBEROIRLTY falls below the average value of ₹2,139.25, you can enter a sell side position with target number 1 - ₹2,121.05 and second target - ₹2,098.80

OBEROIRLTY's Weekly Targets
1st Up Target 2,225.57
2nd Up Target 2,307.83
1st Down Target 2,027.47
2nd Down Target 1,911.63

As the week for OBEROIRLTY ended on bullish sentiments, we can expect further continuation of this sentiment. OBEROIRLTY's initial target will be 2,225.57 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 2,027.47 in the upcoming week.

Weekly OHLC Values
Open 2,014.00
High 2,192.00
Low 1,993.90
Close 2,143.30

Week for OBEROIRLTY started with an open price of 2,014.00, and the close was at 2,143.30. OBEROIRLTY reached the highest of 2,192.00 and dipped lowest up to 1,993.90 last week. This indicates a bullish sentiment for the week.

OBEROIRLTY full month swing targets
Monthly Up Target 1 2,423.67
Monthly Up Target 2 2,505.93
Monthly Down Target 1 1,829.37
Monthly Down Target 2 1,515.43

Targets of ₹2,423.67 can be expected to be reached in the coming month. Once OBEROIRLTY achieved this target, we can aim for the next upside target of ₹2,505.93.

OBEROIRLTY if fails to hold upside, down targets of ₹1,829.37 and ₹1,515.43 can be achieved by end of this month.

For complete three weeks if OBEROIRLTY 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 OBEROIRLTY

Symbol Name Industry
DLF DLF Limited Real Estate - Development
LODHA Macrotech Developers Limited Real Estate - Development
GODREJPROP Godrej Properties Limited Real Estate - Development
OBEROIRLTY Oberoi Realty Limited Real Estate - Development
PHOENIXLTD The Phoenix Mills Limited Real Estate - Diversified

Summary

OBEROIRLTY is expected to reach the target of 2,161.50 in tomorrow's trading session.

After achieving the initial target in OBEROIRLTY, we will aim for higher targets of 2,179.70 tomorrow.

However, if OBEROIRLTY starts to trade below ₹2,139.25, then we will shift our focus to the sell side and aim for down targets of 2,121.05 and 2,098.80.