AI Champdany Industries Limited Stock Forecast
AI Champdany Industries Limited stock price ended at ₹53.41 on Friday, after losing 1.75%.
(Updated on Jun 28, 2024)
The AI Champdany Industries Limited stock price fell by -1.75% on the last day (Friday, 28th Jun 2024) from ₹54.36 to ₹53.41. During the last trading day the stock fluctuated 3.93% from a day low at ₹53.40 to a day high of ₹55.50. The price has fallen in 7 of the last 10 days and is down by -17.27% for this period. 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 -598 shares and in total, 759 shares were bought and sold for approximately ₹40.54 thousand.
Given the current short-term trend, the stock is expected to rise 8.51% during the next 3 months and, with a 90% probability hold a price between ₹57.95 and ₹71.01 at the end of this 3-month period.
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AICHAMP.BO Signals & Forecast
There are few to no technical positive signals at the moment. The AI Champdany Industries Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₹54.59 and ₹55.64. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen -17.27%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for AI Champdany Industries Limited stock
AI Champdany Industries Limited finds support from accumulated volume at ₹53.00 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved ₹2.10 between high and low, or 3.93%. For the last week the stock has had daily average volatility of 4.50%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AICHAMP.BO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect AI Champdany Industries Limited to open at ₹54.10, and during the day (based on 14 day Average True Range), to move between ₹49.68 and ₹57.14, which gives a possible trading interval of +/-₹3.73 (+/-6.98%) up or down from last closing price. If AI Champdany Industries Limited takes out the full calculated possible swing range there will be an estimated 13.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹53.00 (0.77%) than the resistance at ₹58.07 (8.72%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is AI Champdany Industries Limited stock A Buy?
The AI Champdany Industries Limited stock holds several negative signals and despite the positive trend, we believe AI Champdany Industries Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.302 Sell Candidate Unchanged
Predicted Opening Price for AI Champdany Industries Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₹54.10 ( 1.30%) | ₹53.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AICHAMP.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 56.20 | 5.23% |
| R2 | 55.40 | 3.73% |
| R1 | 54.91 | 2.80% |
| Price | 53.41 | |
| S1 | 53.30 | -0.204% |
| S2 | 52.81 | -1.13% |
| S3 | 52.00 | -2.63% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 64.56 | 20.88% |
| R2 | 63.70 | 19.27% |
| R1 | 58.07 | 8.72% |
| Price | 53.41 | |
| S1 | 53.00 | -0.768% |
| S2 | 52.64 | -1.44% |
| S3 | 52.00 | -2.64% |
AICHAMP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 14, 2008 | Jul 14, 2008 | Jul 14, 2008 | ₹0.250 | 0.92% |
| 2 | Aug 21, 2007 | Aug 21, 2007 | Aug 21, 2007 | ₹0.500 | 1.24% |
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