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(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 94022

Date Daily Closing Price Open High Low Volume
28 Thu Mar 2024 5.43 5.31 5.84 5.31 2.311 times
27 Wed Mar 2024 5.57 5.57 5.90 5.57 8.146 times
26 Tue Mar 2024 5.86 5.86 5.86 5.86 0.416 times
22 Fri Mar 2024 6.16 5.63 6.20 5.62 0.889 times
21 Thu Mar 2024 5.91 5.84 6.35 5.84 0.046 times
20 Wed Mar 2024 6.08 6.11 6.11 5.71 0.141 times
19 Tue Mar 2024 5.82 5.80 5.82 5.55 0.079 times
18 Mon Mar 2024 5.58 5.60 5.65 5.27 0.035 times
15 Fri Mar 2024 5.52 5.78 5.98 5.49 0.115 times
14 Thu Mar 2024 5.77 5.79 5.83 5.40 0.04 times

Stock of Velan Hotels (VelanHotels) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 5.6, but if it comes above 5.6, then a intra day buy could be more profitable.
If you take a sell trade below 5.6, then use 5.6 as stoploss and 5.3 as target. However if you take a buy trade in stock , then use 5.6 as stoploss and 5.96 as target.

Share price targets for Velan Hotels (VelanHotels)

Target Type Value
Downside Target 5.27
Upside Target 5.73
Upside Target 5.90
Upside Target 6.35
Upside Target 6.54
Upside Target 6.58
Upside Target 6.70
Upside Target 6.84
Upside Target 6.96
Upside Target 7.50
Upside Target 8.49

Intraday share price targets for Velan Hotels (VelanHotels)

Target Type Value
Downside Intraday Target 5.19
Downside Intraday Target 4.96
Upside Intraday Target 5.78
Upside Intraday Target 6.14
Upside Intraday Target 5.55

Weekly technical analysis of Velan Hotels (VelanHotels)

Date Weekly Closing Price Open High Low Volume
28 Thu Mar 2024 5.43 5.86 5.90 5.31 9.132 times
22 Fri Mar 2024 6.16 5.60 6.35 5.27 2.536 times
15 Fri Mar 2024 5.52 6.54 6.54 5.40 0.961 times
07 Thu Mar 2024 6.23 6.64 6.84 5.98 0.44 times
02 Sat Mar 2024 6.62 6.69 6.96 6.05 1.602 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Velan Hotels (VelanHotels)

Date Monthly Closing Price Open High Low Volume
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
29 Fri Dec 2023 6.23 6.22 6.58 5.73 1.34 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Velan Hotels (VelanHotels)

Price action analysis of Velan Hotels ( (VelanHotels) ) based on a short 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 short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Velan Hotels in short term and the sell signal is strong.

Velan Hotels Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Velan Hotels in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling 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 5.61 and Velan Hotels (VelanHotels) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Price action analysis of Velan Hotels ( (VelanHotels) ) based on a short 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 short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Velan Hotels in short term and the sell signal is strong.

Velan Hotels Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Velan Hotels in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling 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 5.61 and Velan Hotels (VelanHotels) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Click here for Velan Hotels charts

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart
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