Posted On: July 19, 2023

Stock Report : ORIENTHOT (NSE) 18 Jul 2023

Outlook: Bearish 

Sector: Consumer Cyclical 

Industry: Lodging 

Oriental Hotels Limited is an India-based holding company. The Company is engaged in the business of owning, operating, and managing hotels and resorts. Its activities include short term accommodation, restaurants and mobile food services, event catering and other food service.

#xCalData predicts that #ORIENTHOT will continue its bearish phase over the next five days and trend within the range of 86 to 90. 

In comparison to the previous month, the price of the stock has experienced a decline of 4.61% indicating a bearish.

The Stock has doubled twice since 16 Jun 2015 and took an average of 3.6 years to double. 

The stock has not shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 2 years in the past. 

Majority of the technical ratios trend towards Bearish side of the spectrum. Only some of the technical indicators namely ASI indicate Bullish view. 

Collectively, xCalData suggests the stock would be in Bearish zone for next 5 days. 

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