Stock analysis Royal Orchid Hotels Limited ROHLTD
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Recent prices of ROHLTD Royal Orchid Hotels Limited are as follows: Daily volume is divided by 10 day averaged volume
| Date | Close | Range | Change % | Volume |
| 08 Wed May 2024 | 377.10 | 368.75 to 383.20 | 1.06% | 0.36 times |
| 07 Tue May 2024 | 373.15 | 367.20 to 385.50 | -2.79% | 0.92 times |
| 06 Mon May 2024 | 383.85 | 381.00 to 395.00 | -1.9% | 0.7 times |
| 03 Fri May 2024 | 391.30 | 384.55 to 408.50 | 1.03% | 3.36 times |
| 02 Thu May 2024 | 387.30 | 386.25 to 393.90 | -0.48% | 0.63 times |
| 30 Tue Apr 2024 | 389.15 | 387.40 to 396.20 | -0.36% | 0.58 times |
| 29 Mon Apr 2024 | 390.55 | 388.00 to 396.75 | -0.37% | 0.75 times |
| 26 Fri Apr 2024 | 392.00 | 390.05 to 402.20 | -1.3% | 0.44 times |
| 25 Thu Apr 2024 | 397.15 | 395.55 to 400.25 | 0.04% | 0.31 times |
| 24 Wed Apr 2024 | 397.00 | 395.00 to 404.80 | 0.23% | 0.66 times |
| 23 Tue Apr 2024 | 396.10 | 391.05 to 406.60 | -0.43% | 1.66 times |
| 22 Mon Apr 2024 | 397.80 | 395.10 to 407.00 | -0.29% | 0.87 times |
Technical analysis forecast for Royal Orchid Hotels Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Royal Orchid Hotels Limited ROHLTD at this time. Stock is falling and might fall more.
It appears as if Royal Orchid Hotels Limited ROHLTD gave a large move recently.
Stock of Royal Orchid Hotels Limited (ROHLTD) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...
My analysis of Royal Orchid Hotels Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Royal Orchid Hotels Limited stays below 378, but if it comes above 378, then a intra day buy could be more profitable.
If you take a sell trade below 378, then use 378 as stoploss and 364.8 as target. However if you take a buy trade in Royal Orchid Hotels Limited, then use 378 as stoploss and 389.04 as target.