Ajmera Realty & Infra India Limited Stock Forecast
Green day on Monday for Ajmera Realty & Infra India Limited stock after gaining 3.39%
(Updated on May 06, 2024)
The Ajmera Realty & Infra India Limited stock price gained 3.39% on the last trading day (Monday, 6th May 2024), rising from ₹803.95 to ₹831.20. During the last trading day the stock fluctuated 8.07% from a day low at ₹777.40 to a day high of ₹840.10. The price has been going up and down for this period, and there has been a 1.7% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 16 thousand shares were bought and sold for approximately ₹13.32 million.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ₹849.11 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 23.42% during the next 3 months and, with a 90% probability hold a price between ₹845.36 and ₹1,047.99 at the end of this 3-month period.
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AJMERA.BO Signals & Forecast
The Ajmera Realty & Infra India 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 ₹824.86 and ₹764.91. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Monday, April 29, 2024, and so far it has fallen -0.764%. 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).
Support, Risk & Stop-loss for Ajmera Realty & Infra India Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹750.10 and ₹682.05. 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, Ajmera Realty & Infra India Limited finds support just below today's level at ₹750.10. If this is broken, then the next support from accumulated volume will be at ₹682.05 and ₹676.00.
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 ₹62.70 between high and low, or 8.07%. For the last week, the stock has had daily average volatility of 4.01%.
Our recommended stop-loss: ₹796.58 (-4.16%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (AJMERA.BO) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Ajmera Realty & Infra India Limited to open at ₹816.23, and during the day (based on 14 day Average True Range), to move between ₹794.15 and ₹868.25, which gives a possible trading interval of +/-₹37.05 (+/-4.46%) up or down from last closing price. If Ajmera Realty & Infra India Limited takes out the full calculated possible swing range there will be an estimated 8.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹832.90 (0.20%) than the support at ₹750.10 (9.76%), 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.
Earnings coming up
Ajmera Realty & Infra India Limited will release earnings BMO on Thursday, May 09, 2024. We will update the financials statements for Ajmera Realty & Infra India Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 8.17% in the first trading day after earnings release.
Is Ajmera Realty & Infra India Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Ajmera Realty & Infra India Limited stock to perform well in the short-term.
Current score: 3.540 Buy Candidate Unchanged
Predicted Opening Price for Ajmera Realty & Infra India Limited of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| ₹816.23 ( 1.80%) | ₹831.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AJMERA.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 878.93 | 5.74 % | |
| R2 | 854.98 | 2.86 % | ||
| R1 | 840.18 | 1.08 % | ||
| Current price: | 831.20 | |||
| Support | S1 | 792.28 | -4.68 % | |
| S2 | 777.48 | -6.46 % | ||
| S3 | 753.53 | -9.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 837.60 | 0.770 % | |
| R2 | 834.05 | 0.343 % | ||
| R1 | 832.90 | 0.205 % | ||
| Current price | 831.20 | |||
| Support | S1 | 750.10 | -9.76% | |
| S2 | 682.05 | -17.94% | ||
| S3 | 676.00 | -18.67% |
FAQ
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