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

Royal Orchid Hotels Limited

Symbol: NSE:ROHLTD

ISIN: INE283H01019

397.00

As on 2024-04-24

280.30 (52W Low) 449.00 (52W High)

ROHLTD's Today's Performance

Royal Orchid Hotels Limited started the day by opening at 399.65 today 2024-04-24. Its shares reached a high of 404.80 and dipped to a low of 395.00 in intraday. When the markets closed, ROHLTD’s stock price settled at ₹397.00 per share. Also check out its key support and resistance levels.

ROHLTD Buy/Sell Targets

Tomorrow, buy ROHLTD when its price reaches ₹ 397.00 with a stop-loss order at ₹ 390.79. You can set the target price as ₹ 403.21 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 ROHLTD 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 ROHLTD

Downside Targets Value in ₹
Tomorrow Down Target 1 403
Tomorrow Down Target 2 409
Tomorrow Down Target 3 413

Important Levels for ROHLTD

Holding Levels Value in ₹
Tomorrow Up Target 1 393
Tomorrow Up Target 2 389
Tomorrow Up Target 3 383
Based on where the stock opens tomorrow, if ROHLTD opens on a positive note, our first target will be ₹403. If Target 1 is achieved, we will aim for Target 2 which is ₹409.

But if ROHLTD falls below the average value of ₹398.93, you can enter a sell side position with target number 1 - ₹393 and second target - ₹389 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 ROHLTD

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

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

Tomorrow's Volume based share price Forecast for ROHLTD

ROHLTD'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 -23%.

Reversal detection for ROHLTD

Predicted trend chart of ROHLTD tomorrow for price forecast
ROHLTD may trend may continue to be bullish since stock is making higher highs and we can get target of ₹398 in morning tomorrow
Target 1 tomorrow403
Target 2 tomorrow405
Target 3 tomorrow409
 

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 ROHLTD'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 ROHLTD opens on a positive note, our first target will be ₹402.87. If Target 1 is achieved, we will aim for Target 2 which is ₹408.73.

But if ROHLTD falls below the average value of ₹398.93, you can enter a sell side position with target number 1 - ₹393.07 and second target - ₹389.13

ROHLTD's Weekly Targets
1st Up Target 405.65
2nd Up Target 414.30
1st Down Target 389.70
2nd Down Target 382.40

As the week for ROHLTD ended on bearish sentiments, we can expect further continuation of this sentiment. ROHLTD's initial target will be 405.65 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 389.70 in the upcoming week.

Weekly OHLC Values
Open 405.00
High 407.00
Low 391.05
Close 397.00

Week for ROHLTD started with an open price of 405.00, and the close was at 397.00. ROHLTD reached the highest of 407.00 and dipped lowest up to 391.05 last week. This indicates a bearish sentiment for the week.

ROHLTD full month swing targets
Monthly Up Target 1 421.60
Monthly Up Target 2 430.25
Monthly Down Target 1 373.75
Monthly Down Target 2 350.50

Targets of ₹421.60 can be expected to be reached in the coming month. Once ROHLTD achieved this target, we can aim for the next upside target of ₹430.25.

ROHLTD if fails to hold upside, down targets of ₹373.75 and ₹350.50 can be achieved by end of this month.

For complete three weeks if ROHLTD 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

ROHLTD is expected to reach the target of 402.87 in tomorrow's trading session.

After achieving the initial target in ROHLTD, we will aim for higher targets of 408.73 tomorrow.

However, if ROHLTD starts to trade below ₹398.93, then we will shift our focus to the sell side and aim for down targets of 393.07 and 389.13.