Aditya Ispat Limited Stock Forecast

Stronger technical forecast for Aditya Ispat Limited stock price after Friday trading.
(Updated on Jun 28, 2024)

ADITYA.BO Signals & Forecast

The Aditya Ispat Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₹10.43. On a fall, the stock will find some support from the long-term average at approximately ₹10.35. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 1.96%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for Aditya Ispat Limited stock

Aditya Ispat Limited finds support from accumulated volume at ₹10.37 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved ₹0.230 between high and low, or 2.21%. For the last week the stock has had daily average volatility of 2.59%.

Our recommended stop-loss: ₹9.83 (-5.46%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 19 days ago.)

Trading Expectations (ADITYA.BO) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Aditya Ispat Limited to open at ₹10.48, and during the day (based on 14 day Average True Range), to move between ₹9.93 and ₹10.87, which gives a possible trading interval of +/-₹0.472 (+/-4.54%) up or down from last closing price. If Aditya Ispat Limited takes out the full calculated possible swing range there will be an estimated 9.07% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹10.37 (0.29%) than the resistance at ₹10.45 (0.48%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Aditya Ispat Limited stock A Buy?

Aditya Ispat Limited holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Buy candidate.

Current score: 5.274 Strong Buy Candidate Upgraded

Predicted Opening Price for Aditya Ispat Limited of Monday, July 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.