The Indian Hotels Company Limited Stock Forecast
The Indian Hotels Company Limited stock price ended at ₹568.95 on Friday, after losing 1.44%.
(Updated on Apr 26, 2024)
The The Indian Hotels Company Limited stock price fell by -1.44% on the last day (Friday, 26th Apr 2024) from ₹577.25 to ₹568.95. During the last trading day the stock fluctuated 4.36% from a day low at ₹560.35 to a day high of ₹584.80. The price has been going up and down for this period, and there has been a -4.71% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -4 million shares and in total, 7 million shares were bought and sold for approximately ₹3.92 billion.
Given the current short-term trend, the stock is expected to rise 17.53% during the next 3 months and, with a 90% probability hold a price between ₹668.70 and ₹754.42 at the end of this 3-month period.
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INDHOTEL.NS Signals & Forecast
There are few to no technical positive signals at the moment. The The Indian Hotels Company Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₹590.61 and ₹584.22. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 04, 2024, and so far it has fallen -7.93%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for The Indian Hotels Company Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹530.40 and ₹500.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, The Indian Hotels Company Limited finds support just below today's level at ₹530.40. If this is broken, then the next support from accumulated volume will be at ₹500.00 and ₹496.15.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ₹24.45 between high and low, or 4.36%. For the last week the stock has had daily average volatility of 3.56%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (INDHOTEL.NS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect The Indian Hotels Company Limited to open at ₹571.37, and during the day (based on 14 day Average True Range), to move between ₹550.05 and ₹587.85, which gives a possible trading interval of +/-₹18.90 (+/-3.32%) up or down from last closing price. If The Indian Hotels Company Limited takes out the full calculated possible swing range there will be an estimated 6.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹577.25 (1.46%) than the support at ₹530.40 (6.78%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is The Indian Hotels Company Limited stock A Buy?
The The Indian Hotels Company Limited stock holds several negative signals and despite the positive trend, we believe The Indian Hotels Company Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.469 Sell Candidate Unchanged
Predicted Opening Price for The Indian Hotels Company Limited of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| ₹571.37 ( 0.425%) | ₹568.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INDHOTEL.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 595.82 | 4.72 % | |
| R2 | 586.48 | 3.08 % | ||
| R1 | 580.71 | 2.07 % | ||
| Current price: | 568.95 | |||
| Support | S1 | 562.03 | -1.22 % | |
| S2 | 556.26 | -2.23 % | ||
| S3 | 546.92 | -3.87 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 579.70 | 1.89 % | |
| R2 | 578.85 | 1.74 % | ||
| R1 | 577.25 | 1.46 % | ||
| Current price | 568.95 | |||
| Support | S1 | 530.40 | -6.78% | |
| S2 | 500.00 | -12.12% | ||
| S3 | 496.15 | -12.80% |
INDHOTEL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 09, 2023 | Jun 09, 2023 | Jun 09, 2023 | ₹1.00 | 0.262% |
| 2 | Jun 22, 2022 | Jun 22, 2022 | Jun 22, 2022 | ₹0.400 | 0.186% |
| 3 | Jun 14, 2021 | Jun 14, 2021 | Jun 14, 2021 | ₹0.388 | 0.289% |
| 4 | Jun 10, 2020 | Jul 17, 2020 | Aug 03, 2020 | ₹0.485 | 0.628% |
| 5 | Apr 30, 2019 | Jun 12, 2019 | Jun 28, 2019 | ₹0.485 | 0.308% |
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