(VelanHotels) Velan Hotels complete technical analysis [charts+indicators] | Buy/Sell Velan Hotels | (VelanHotels) share price targets
Complete technical analysis of Velan Hotels (VelanHotels) by charts plus indicators, forecast predictions and share price targets for Velan Hotels (VelanHotels)
10 day averaged volume of Velan Hotels is 55734
| Date | Daily Closing Price | Open | High | Low | Volume |
| 30 Tue Apr 2024 | 7.28 | 7.28 | 7.85 | 7.28 | 1.41 times |
| 29 Mon Apr 2024 | 7.66 | 8.20 | 8.46 | 7.66 | 3.283 times |
| 26 Fri Apr 2024 | 8.06 | 8.06 | 8.06 | 8.06 | 2.578 times |
| 25 Thu Apr 2024 | 7.68 | 7.68 | 7.68 | 7.68 | 0.283 times |
| 24 Wed Apr 2024 | 7.32 | 7.32 | 7.32 | 7.32 | 0.439 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 7.2, but if it comes below 7.2, then a intra day sell could be more profitable.
If you take a sell trade below 7.2, then use 7.2 as stoploss and 6.45 as target. However if you take a buy trade in stock , then use 7.2 as stoploss and 8.1 as target.
Share price targets for Velan Hotels (VelanHotels)
| Target Type | Value |
| Downside Target | 5.27 |
| Downside Target | 5.43 |
| Downside Target | 5.70 |
| Downside Target | 6.10 |
| Downside Target | 6.58 |
| Downside Target | 6.83 |
| Downside Target | 6.84 |
| Downside Target | 7.28 |
| Upside Target | 7.50 |
| Upside Target | 8.06 |
| Upside Target | 8.46 |
| Upside Target | 8.49 |
Intraday share price targets for Velan Hotels (VelanHotels)
| Target Type | Value |
| Downside Intraday Target | 6.89 |
| Downside Intraday Target | 6.49 |
| Upside Intraday Target | 8.07 |
| Upside Intraday Target | 8.85 |
| Upside Intraday Target | 7.67 |
Weekly technical analysis of Velan Hotels (VelanHotels)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 30 Tue Apr 2024 | 7.28 | 8.20 | 8.46 | 7.28 | 1.054 times |
| 26 Fri Apr 2024 | 8.06 | 6.65 | 8.06 | 6.65 | 2.803 times |
| 19 Fri Apr 2024 | 6.34 | 5.73 | 6.34 | 5.43 | 0.729 times |
| 12 Fri Apr 2024 | 5.82 | 6.34 | 6.83 | 5.70 | 0.197 times |
| 05 Fri Apr 2024 | 6.22 | 5.62 | 6.22 | 5.32 | 0.601 times |
Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.
Monthly technical analysis of Velan Hotels (VelanHotels)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 30 Tue Apr 2024 | 7.28 | 5.62 | 8.46 | 5.32 | 1.071 times |
| 28 Thu Mar 2024 | 5.43 | 6.55 | 6.84 | 5.27 | 3.814 times |
| 29 Thu Feb 2024 | 6.29 | 7.27 | 7.50 | 6.10 | 0.786 times |
| 31 Wed Jan 2024 | 6.96 | 6.79 | 8.49 | 6.12 | 1.796 times |
Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Velan Hotels (VelanHotels)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 39, 18, 36 | Buy |
| MACD | 1, 0 | Buy |
| Stochastics | 78 | Buy |
| CCI | 45 | Sell |
| RSI | 53 | Buy |
| OBV | 48057 | Sell |
| VWAP | 7 | Sell |
| ADL | 0 | Sell |
| ROC | 30 | Buy |
| Force Index | 0 | Sell |
Price action analysis of Velan Hotels ( (VelanHotels) ) based on a short term time period is
Price action analysis of Velan Hotels ( (VelanHotels) ) based on a short term time period is
Price action analysis of Velan Hotels ( (VelanHotels) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Velan Hotels ( (VelanHotels) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Velan Hotels stock for short term is BUY. Signal strength is Strong and stock is losing momentum.
MACD generated a BUY signal for Velan Hotels in short term and the buy signal is strong.
Velan Hotels Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Velan Hotels in short term but SELL signal is weak.
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Velan Hotels is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 7.48 and Velan Hotels (VelanHotels) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.
People seem to be coming out and selling the Velan Hotels (VelanHotels) stock. Volume based technical analysis of Velan Hotels (VelanHotels) stock is negative.
Velan Hotels Stock is giving positive returns over a short term period. Returns for a longer term period have been positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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