5paisa Capital Limited Stock Forecast
5paisa Capital Limited stock price down 1.86% on Thursday
(Updated on May 23, 2024)
The 5paisa Capital Limited stock price fell by -1.86% on the last day (Thursday, 23rd May 2024) from ₹545.20 to ₹535.05. During the last trading day the stock fluctuated 2.60% from a day low at ₹534.05 to a day high of ₹547.95. The price has been going up and down for this period, and there has been a 3.57% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -6 thousand shares and in total, 4 thousand shares were bought and sold for approximately ₹2.07 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect 5paisa Capital Limited stock with a 90% probability to be traded between ₹476.41 and ₹598.18 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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5PAISA.BO Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, May 06, 2024, and so far it has risen 5.38%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The 5paisa Capital Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₹539.40. On a fall, the stock will find some support from the short-term average at ₹532.71. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for 5paisa Capital Limited stock
5paisa Capital Limited finds support from accumulated volume at ₹509.65 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₹13.90 between high and low, or 2.60%. For the last week, the stock has had daily average volatility of 2.65%.
Our recommended stop-loss: ₹509.60 (-4.76%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 31 days ago.)
Trading Expectations (5PAISA.BO) For The Upcoming Trading Day Of Friday 24th
For the upcoming trading day on Friday, 24th we expect 5paisa Capital Limited to open at ₹539.02, and during the day (based on 14 day Average True Range), to move between ₹515.34 and ₹554.76, which gives a possible trading interval of +/-₹19.71 (+/-3.68%) up or down from last closing price. If 5paisa Capital Limited takes out the full calculated possible swing range there will be an estimated 7.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹536.70 (0.31%) than the support at ₹509.65 (4.75%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is 5paisa Capital Limited stock A Buy?
5paisa Capital Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.713 Hold/Accumulate Unchanged
Predicted Opening Price for 5paisa Capital Limited of Friday, May 24, 2024
| Fair opening price May 24, 2024 | Current price |
|---|---|
| ₹539.02 ( 0.741%) | ₹535.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 5PAISA.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 552.92 | 3.34 % | |
| R2 | 547.61 | 2.35 % | ||
| R1 | 544.33 | 1.73 % | ||
| Current price: | 535.05 | |||
| Support | S1 | 533.71 | -0.251 % | |
| S2 | 530.43 | -0.86 % | ||
| S3 | 525.12 | -1.86 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 594.35 | 11.08 % | |
| R2 | 568.30 | 6.21 % | ||
| R1 | 536.70 | 0.308 % | ||
| Current price | 535.05 | |||
| Support | S1 | 509.65 | -4.75% | |
| S2 | 481.95 | -9.92% | ||
| S3 | 472.50 | -11.69% |
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