Country Club Hospitality & Holidays Ltd Stock Forecast
Green day on Thursday for Country Club Hospitality & Holidays Ltd
(Updated on May 16, 2024)
The Country Club Hospitality & Holidays Ltd stock price gained 1.32% on the last trading day (Thursday, 16th May 2024), rising from ₹15.20 to ₹15.40. During the last trading day the stock fluctuated 3.63% from a day low at ₹15.15 to a day high of ₹15.70. The price has risen in 5 of the last 10 days and is up by 0.33% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 104 thousand more shares were traded than the day before. In total, 159 thousand shares were bought and sold for approximately ₹2.45 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Country Club Hospitality & Holidays Ltd stock with a 90% probability to be traded between ₹12.22 and ₹16.86 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
CCHHL.NS Signals & Forecast
The Country Club Hospitality & Holidays Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₹15.11 and ₹15.05. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -8.06%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Country Club Hospitality & Holidays Ltd stock
Country Club Hospitality & Holidays Ltd finds support from accumulated volume at ₹15.25 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₹0.550 between high and low, or 3.63%. For the last week, the stock has had daily average volatility of 4.95%.
Our recommended stop-loss: ₹14.62 (-5.09%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (CCHHL.NS) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Country Club Hospitality & Holidays Limited to open at ₹15.42, and during the day (based on 14 day Average True Range), to move between ₹14.61 and ₹16.19, which gives a possible trading interval of +/-₹0.794 (+/-5.16%) up or down from last closing price. If Country Club Hospitality & Holidays Limited takes out the full calculated possible swing range there will be an estimated 10.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹15.25 (0.97%) than the resistance at ₹15.90 (3.25%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Country Club Hospitality & Holidays Limited stock A Buy?
Country Club Hospitality & Holidays Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.285 Hold/Accumulate Unchanged
Predicted Opening Price for Country Club Hospitality & Holidays Limited of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| ₹15.42 ( 0.108%) | ₹15.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CCHHL.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.97 | 3.68 % | |
| R2 | 15.76 | 2.32 % | ||
| R1 | 15.63 | 1.47 % | ||
| Current price: | 15.40 | |||
| Support | S1 | 15.21 | -1.26 % | |
| S2 | 15.08 | -2.10 % | ||
| S3 | 14.87 | -3.46 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.00 | 10.39 % | |
| R2 | 16.75 | 8.77 % | ||
| R1 | 15.90 | 3.25 % | ||
| Current price | 15.40 | |||
| Support | S1 | 15.25 | -0.97% | |
| S2 | 15.20 | -1.30% | ||
| S3 | 15.05 | -2.27% |
FAQ
Click here for our free guide on how to buy Country Club Hospitality & Holidays Limited Stock.
