Stock Information Portal

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

Omaxe Limited

Symbol: NSE:OMAXE

ISIN: INE800H01010

124.90

As on 2024-07-19

42.05 (52W Low) 142.99 (52W High)

OMAXE's Today's Performance

Omaxe Limited started the day by opening at 130.95 today 2024-07-19. Its shares reached a high of 130.95 and dipped to a low of 122.25 in intraday. When the markets closed, OMAXE’s stock price settled at ₹124.90 per share. Also check out its key support and resistance levels.

OMAXE Buy/Sell Targets

Tomorrow, sell OMAXE when its price reaches ₹ 124.90 with a stop-loss order at ₹ 128.86. You can set the target price as ₹ 120.94 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 OMAXE 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 OMAXE

Downside Targets Value in ₹
Tomorrow Down Target 1 130
Tomorrow Down Target 2 135
Tomorrow Down Target 3 139

Important Levels for OMAXE

Holding Levels Value in ₹
Tomorrow Up Target 1 121
Tomorrow Up Target 2 117
Tomorrow Up Target 3 112
Based on where the stock opens tomorrow, if OMAXE opens on a positive note, our first target will be ₹130. If Target 1 is achieved, we will aim for Target 2 which is ₹135.

But if OMAXE falls below the average value of ₹126.03, you can enter a sell side position with target number 1 - ₹121 and second target - ₹117 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 OMAXE

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

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

Tomorrow's Volume based share price Forecast for OMAXE

OMAXE'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 -52%.

Reversal detection for OMAXE

Predicted trend chart of OMAXE tomorrow for price forecast
OMAXE may trend may continue to be bearish since stock is making lower low and we can get target of ₹127 in morning tomorrow
Target 1 tomorrow129
Target 2 tomorrow131
Target 3 tomorrow135
 

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 OMAXE'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 OMAXE opens on a positive note, our first target will be ₹129.82. If Target 1 is achieved, we will aim for Target 2 which is ₹134.73.

But if OMAXE falls below the average value of ₹126.03, you can enter a sell side position with target number 1 - ₹121.12 and second target - ₹117.33

OMAXE's Weekly Targets
1st Up Target 131.59
2nd Up Target 138.27
1st Down Target 119.58
2nd Down Target 114.25

As the week for OMAXE ended on bearish sentiments, we can expect further continuation of this sentiment. OMAXE's initial target will be 131.59 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 119.58 in the upcoming week.

Weekly OHLC Values
Open 132.95
High 132.95
Low 120.94
Close 124.90

Week for OMAXE started with an open price of 132.95, and the close was at 124.90. OMAXE reached the highest of 132.95 and dipped lowest up to 120.94 last week. This indicates a bearish sentiment for the week.

OMAXE full month swing targets
Monthly Up Target 1 143.60
Monthly Up Target 2 150.28
Monthly Down Target 1 107.57
Monthly Down Target 2 90.23

Targets of ₹143.60 can be expected to be reached in the coming month. Once OMAXE achieved this target, we can aim for the next upside target of ₹150.28.

OMAXE if fails to hold upside, down targets of ₹107.57 and ₹90.23 can be achieved by end of this month.

For complete three weeks if OMAXE 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 OMAXE

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

OMAXE is expected to reach the target of 129.82 in tomorrow's trading session.

After achieving the initial target in OMAXE, we will aim for higher targets of 134.73 tomorrow.

However, if OMAXE starts to trade below ₹126.03, then we will shift our focus to the sell side and aim for down targets of 121.12 and 117.33.