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

Oriental Hotels Limited

Symbol: NSE:ORIENTHOT

ISIN: INE750A01020

135.85

As on 2024-04-16

79.05 (52W Low) 142.40 (52W High)

ORIENTHOT's Today's Performance

Oriental Hotels Limited started the day by opening at 134.70 today 2024-04-16. Its shares reached a high of 138.00 and dipped to a low of 133.80 in intraday. When the markets closed, ORIENTHOT’s stock price settled at ₹135.85 per share. Also check out its key support and resistance levels.

ORIENTHOT Buy/Sell Targets

Tomorrow, buy ORIENTHOT when its price reaches ₹ 135.85 with a stop-loss order at ₹ 132.79. You can set the target price as ₹ 138.91 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 ORIENTHOT 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 ORIENTHOT

Resistance Levels Value in ₹
Tomorrow Resistance 1 138
Tomorrow Resistance 2 140
Tomorrow Resistance 3 142

Important Supports for ORIENTHOT

Support Levels Value in ₹
Tomorrow Support 1 134
Tomorrow Support 2 132
Tomorrow Support 3 130
Based on where the stock opens tomorrow, if ORIENTHOT opens on a positive note, our first target will be ₹138. If Target 1 is achieved, we will aim for Target 2 which is ₹140.

But if ORIENTHOT falls below the average value of ₹135.88, you can enter a sell side position with target number 1 - ₹134 and second target - ₹132 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 ORIENTHOT

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

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

Tomorrow's Volume based share price Forecast for ORIENTHOT

ORIENTHOT'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 156%.

Reversal detection for ORIENTHOT

Predicted trend chart of ORIENTHOT tomorrow for price forecast
ORIENTHOT may trend may continue to be bullish since stock is making higher highs and we can get target of ₹133 in morning tomorrow
Target 1 tomorrow137
Target 2 tomorrow138
Target 3 tomorrow140
 

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 ORIENTHOT'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 ORIENTHOT opens on a positive note, our first target will be ₹137.97. If Target 1 is achieved, we will aim for Target 2 which is ₹140.08.

But if ORIENTHOT falls below the average value of ₹135.88, you can enter a sell side position with target number 1 - ₹133.77 and second target - ₹131.68

ORIENTHOT's Weekly Targets
1st Up Target 139.90
2nd Up Target 143.95
1st Down Target 129.90
2nd Down Target 123.95

As the week for ORIENTHOT ended on bullish sentiments, we can expect further continuation of this sentiment. ORIENTHOT's initial target will be 139.90 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 129.90 in the upcoming week.

Weekly OHLC Values
Open 130.00
High 138.00
Low 128.00
Close 135.85

Week for ORIENTHOT started with an open price of 130.00, and the close was at 135.85. ORIENTHOT reached the highest of 138.00 and dipped lowest up to 128.00 last week. This indicates a bullish sentiment for the week.

ORIENTHOT full month swing targets
Monthly Up Target 1 149.90
Monthly Up Target 2 153.95
Monthly Down Target 1 119.90
Monthly Down Target 2 103.95

Targets of ₹149.90 can be expected to be reached in the coming month. Once ORIENTHOT achieved this target, we can aim for the next upside target of ₹153.95.

ORIENTHOT if fails to hold upside, down targets of ₹119.90 and ₹103.95 can be achieved by end of this month.

For complete three weeks if ORIENTHOT 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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BAJAJ-AUTO Bajaj Auto Limited Auto Manufacturers

Summary

ORIENTHOT is expected to reach the target of 137.97 in tomorrow's trading session.

After achieving the initial target in ORIENTHOT, we will aim for higher targets of 140.08 tomorrow.

However, if ORIENTHOT starts to trade below ₹135.88, then we will shift our focus to the sell side and aim for down targets of 133.77 and 131.68.