Aarti Industries Limited Stock Forecast
Aarti Industries Limited stock price ended at ₹685.30 on Wednesday, after losing 0.746%.
(Updated on Jun 19, 2024)
The Aarti Industries Limited stock price fell by -0.746% on the last day (Wednesday, 19th Jun 2024) from ₹690.45 to ₹685.30. During the last trading day the stock fluctuated 2.50% from a day low at ₹679.00 to a day high of ₹696.00. The price has risen in 7 of the last 10 days and is up by 14.48% over the past 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 -514 thousand shares and in total, 844 thousand shares were bought and sold for approximately ₹578.58 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.96% during the next 3 months and, with a 90% probability hold a price between ₹534.49 and ₹649.98 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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AARTIIND.NS Signals & Forecast
The Aarti Industries Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₹673.51 and ₹657.25. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -0.746%. Further fall is indicated until a new bottom pivot has been found. 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 Aarti Industries Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹628.35 and ₹621.90. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Aarti Industries Limited finds support just below today's level at ₹628.35. If this is broken, then the next support from accumulated volume will be at ₹621.90 and ₹621.05.
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 ₹17.00 between high and low, or 2.50%. For the last week, the stock has had daily average volatility of 2.01%.
Our recommended stop-loss: ₹659.06 (-3.83%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (AARTIIND.NS) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Aarti Industries Limited to open at ₹686.77, and during the day (based on 14 day Average True Range), to move between ₹665.32 and ₹705.28, which gives a possible trading interval of +/-₹19.98 (+/-2.92%) up or down from last closing price. If Aarti Industries Limited takes out the full calculated possible swing range there will be an estimated 5.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹736.25 (7.43%) than the support at ₹628.35 (8.31%), 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 Aarti Industries Limited stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.815 Buy Candidate Unchanged
Predicted Opening Price for Aarti Industries Limited of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| ₹686.77 ( 0.214%) | ₹685.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AARTIIND.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 703.77 | 2.69% |
| R2 | 697.27 | 1.75% |
| R1 | 693.26 | 1.16% |
| Price | 685.30 | |
| S1 | 680.27 | -0.734% |
| S2 | 676.26 | -1.32% |
| S3 | 669.77 | -2.27% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 750.95 | 9.58% |
| R2 | 740.95 | 8.12% |
| R1 | 736.25 | 7.43% |
| Price | 685.30 | |
| S1 | 628.35 | -8.31% |
| S2 | 621.90 | -9.25% |
| S3 | 621.05 | -9.38% |
AARTIIND Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 28, 2023 | Jul 28, 2023 | Jul 28, 2023 | ₹1.50 | 0.326% |
| 2 | Feb 15, 2023 | Feb 15, 2023 | Feb 15, 2023 | ₹1.00 | 0.186% |
| 3 | Sep 16, 2022 | Sep 16, 2022 | Sep 16, 2022 | ₹1.50 | 0.170% |
| 4 | Feb 15, 2022 | Feb 15, 2022 | Feb 15, 2022 | ₹1.00 | 0.102% |
| 5 | Nov 10, 2021 | Nov 10, 2021 | Nov 10, 2021 | ₹1.00 | 0.104% |
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