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

Restaurant Brands Asia Limited

Symbol: NSE:RBA

ISIN: INE07T201019

107.87

As on 2024-07-24

91.50 (52W Low) 137.70 (52W High)

RBA's Today's Performance

Restaurant Brands Asia Limited started the day by opening at 105.80 today 2024-07-24. Its shares reached a high of 109.60 and dipped to a low of 104.90 in intraday. When the markets closed, RBA’s stock price settled at ₹107.87 per share. Also check out its key support and resistance levels.

RBA Buy/Sell Targets

Tomorrow, buy RBA when its price reaches ₹ 107.87 with a stop-loss order at ₹ 105.69. You can set the target price as ₹ 110.05 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 RBA 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 RBA

Downside Targets Value in ₹
Tomorrow Down Target 1 110
Tomorrow Down Target 2 112
Tomorrow Down Target 3 115

Important Levels for RBA

Holding Levels Value in ₹
Tomorrow Up Target 1 105
Tomorrow Up Target 2 103
Tomorrow Up Target 3 101
Based on where the stock opens tomorrow, if RBA opens on a positive note, our first target will be ₹110. If Target 1 is achieved, we will aim for Target 2 which is ₹112.

But if RBA falls below the average value of ₹107.46, you can enter a sell side position with target number 1 - ₹105 and second target - ₹103 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 RBA

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

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

Tomorrow's Volume based share price Forecast for RBA

RBA'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 -54%.

Reversal detection for RBA

Predicted trend chart of RBA tomorrow for price forecast
RBA may trend may continue to be bullish since stock is making higher highs and we can get target of ₹106 in morning tomorrow
Target 1 tomorrow109
Target 2 tomorrow110
Target 3 tomorrow112
 

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 RBA'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 RBA opens on a positive note, our first target will be ₹110.01. If Target 1 is achieved, we will aim for Target 2 which is ₹112.16.

But if RBA falls below the average value of ₹107.46, you can enter a sell side position with target number 1 - ₹105.31 and second target - ₹102.76

RBA's Weekly Targets
1st Up Target 110.73
2nd Up Target 113.58
1st Down Target 103.89
2nd Down Target 99.90

As the week for RBA ended on bearish sentiments, we can expect further continuation of this sentiment. RBA's initial target will be 110.73 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 103.89 in the upcoming week.

Weekly OHLC Values
Open 108.90
High 109.60
Low 102.76
Close 107.87

Week for RBA started with an open price of 108.90, and the close was at 107.87. RBA reached the highest of 109.60 and dipped lowest up to 102.76 last week. This indicates a bearish sentiment for the week.

RBA full month swing targets
Monthly Up Target 1 117.57
Monthly Up Target 2 120.42
Monthly Down Target 1 97.05
Monthly Down Target 2 86.22

Targets of ₹117.57 can be expected to be reached in the coming month. Once RBA achieved this target, we can aim for the next upside target of ₹120.42.

RBA if fails to hold upside, down targets of ₹97.05 and ₹86.22 can be achieved by end of this month.

For complete three weeks if RBA 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

RBA is expected to reach the target of 110.01 in tomorrow's trading session.

After achieving the initial target in RBA, we will aim for higher targets of 112.16 tomorrow.

However, if RBA starts to trade below ₹107.46, then we will shift our focus to the sell side and aim for down targets of 105.31 and 102.76.