Oberoi Realty Limited Stock Forecast

Green day on Friday for Oberoi Realty Limited stock after gaining 1.85%
(Updated on May 17, 2024)

OBEROIRLTY.NS Signals & Forecast

The Oberoi Realty Limited 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 ₹1,565.46 and ₹1,504.98. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 24.96%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Friday, March 01, 2024 in the short-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 Oberoi Realty Limited stock

Oberoi Realty Limited finds support from accumulated volume at ₹1,711.15 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 ₹54.40 between high and low, or 3.17%. For the last week, the stock has had daily average volatility of 5.00%.

Since the Oberoi Realty Limited has been rising for 6 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.

Our recommended stop-loss: ₹1,655.66 (-5.00%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 20 days ago.)

Trading Expectations (OBEROIRLTY.NS) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Oberoi Realty Limited to open at ₹1,743.77, and during the day (based on 14 day Average True Range), to move between ₹1,680.45 and ₹1,805.15, which gives a possible trading interval of +/-₹62.35 (+/-3.58%) up or down from last closing price. If Oberoi Realty Limited takes out the full calculated possible swing range there will be an estimated 7.15% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ ₹1,711.15, some ₹31.65 (1.82%) from the current price of ₹1,742.80, our system finds the risk reward attractive.

Is Oberoi Realty Limited stock A Buy?

Oberoi Realty Limited 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: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Oberoi Realty Limited of Monday, May 20, 2024

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