(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 2068
| Date | Daily Closing Price | Open | High | Low | Volume |
| 17 Fri Mar 2023 | 6.10 | 6.28 | 6.59 | 6.10 | 0.044 times |
| 16 Thu Mar 2023 | 6.28 | 6.01 | 6.48 | 5.95 | 0.567 times |
| 15 Wed Mar 2023 | 6.31 | 6.34 | 6.34 | 6.06 | 0.449 times |
| 14 Tue Mar 2023 | 6.05 | 5.94 | 6.38 | 5.94 | 1.196 times |
| 13 Mon Mar 2023 | 5.94 | 6.01 | 6.48 | 5.70 | 1.797 times |
| 10 Fri Mar 2023 | 6.20 | 6.11 | 6.40 | 6.00 | 0.648 times |
| 09 Thu Mar 2023 | 6.25 | 6.36 | 6.36 | 6.11 | 2.108 times |
| 08 Wed Mar 2023 | 6.36 | 6.42 | 6.42 | 6.11 | 0.189 times |
| 06 Mon Mar 2023 | 6.13 | 6.32 | 6.32 | 5.86 | 2.132 times |
| 03 Fri Mar 2023 | 6.20 | 6.10 | 6.35 | 6.10 | 0.474 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 6 as stoploss in an intra day buy trade for a target of 6.25. However, stock will show a bearish move below 6.
Share price targets for Velan Hotels (VelanHotels)
| Target Type | Value |
| Downside Target | 5.59 |
| Downside Target | 6.00 |
| Upside Target | 6.42 |
| Upside Target | 6.59 |
| Upside Target | 6.79 |
| Upside Target | 6.80 |
| Upside Target | 7.14 |
| Upside Target | 7.54 |
| Upside Target | 8.10 |
| Upside Target | 8.40 |
Intraday share price targets for Velan Hotels (VelanHotels)
| Target Type | Value |
| Downside Intraday Target | 5.67 |
| Downside Intraday Target | 5.24 |
| Upside Intraday Target | 6.56 |
| Upside Intraday Target | 7.02 |
| Upside Intraday Target | 6.13 |
Weekly technical analysis of Velan Hotels (VelanHotels)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 17 Fri Mar 2023 | 6.10 | 6.01 | 6.59 | 5.70 | 0.798 times |
| 10 Fri Mar 2023 | 6.20 | 6.32 | 6.42 | 5.86 | 0.897 times |
| 03 Fri Mar 2023 | 6.20 | 6.28 | 6.47 | 5.59 | 0.799 times |
| 24 Fri Feb 2023 | 6.29 | 6.70 | 6.79 | 5.87 | 0.848 times |
| 17 Fri Feb 2023 | 6.56 | 6.49 | 6.80 | 5.76 | 0.963 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 |
| 17 Fri Mar 2023 | 6.10 | 6.02 | 6.59 | 5.59 | 0.416 times |
| 28 Tue Feb 2023 | 6.02 | 6.99 | 7.14 | 5.76 | 0.322 times |
| 31 Tue Jan 2023 | 6.83 | 6.95 | 8.40 | 6.50 | 0.902 times |
| 30 Fri Dec 2022 | 7.00 | 6.85 | 8.10 | 6.01 | 2.904 times |
Scroll below to view daily charts
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 | 14, 16, 7 | Sell |
| MACD | -0, -0 | Buy |
| Stochastics | 68 | None |
| CCI | 70 | Buy |
| RSI | 51 | Buy |
| OBV | -9626 | Sell |
| VWAP | 6 | Sell |
| ADL | 0 | Sell |
| ROC | 2 | 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Velan Hotels ( (VelanHotels) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 Weak and stock is losing momentum.
MACD generated a BUY signal for Velan Hotels in short term but the buy signal is initial and weak.
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. Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a buy signal for Velan Hotels in short term and BUY signal is strong.
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 6.14 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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