Mahindra Holidays & Resorts India Ltd Stock Forecast

Mahindra Holidays & Resorts India Ltd stock price ended at ₹403.65 on Friday, after gaining 0.548%.
(Updated on May 17, 2024)

MHRIL.BO Signals & Forecast

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. The Mahindra Holidays & Resorts India Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₹406.36 and ₹407.78. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 26, 2024, and so far it has fallen -7.01%. 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). The stock had a Golden Star Signal on Thursday, April 18, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Mahindra Holidays & Resorts India Ltd stock

Mahindra Holidays & Resorts India Ltd finds support from accumulated volume at ₹393.95 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 ₹8.15 between high and low, or 2.03%. For the last week, the stock has had daily average volatility of 2.49%.

Mahindra Holidays & Resorts India Ltd is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: ₹382.01 (-5.36%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 24 which reduces the risk some. There is a sell signal from a pivot top found 14 days ago.)

Trading Expectations (MHRIL.BO) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Mahindra Holidays & Resorts India Limited to open at ₹405.33, and during the day (based on 14 day Average True Range), to move between ₹390.71 and ₹416.59, which gives a possible trading interval of +/-₹12.94 (+/-3.20%) up or down from last closing price. If Mahindra Holidays & Resorts India Limited takes out the full calculated possible swing range there will be an estimated 6.41% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹393.95 (2.40%) than the resistance at ₹414.70 (2.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Mahindra Holidays & Resorts India Limited stock A Buy?

Mahindra Holidays & Resorts India Ltd holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.366 Hold/Accumulate Unchanged

Predicted Opening Price for Mahindra Holidays & Resorts India Limited of Tuesday, May 21, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.