Anant Raj Limited Stock Forecast
Anant Raj Limited stock price up 2.51% on Friday
(Updated on May 17, 2024)
The Anant Raj Limited stock price gained 2.51% on the last trading day (Friday, 17th May 2024), rising from ₹376.10 to ₹385.55. During the last trading day the stock fluctuated 3.67% from a day low at ₹374.25 to a day high of ₹388.00. The price has risen in 8 of the last 10 days and is up by 7.86% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 487 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately ₹626.29 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 ₹393.54 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 12.10% during the next 3 months and, with a 90% probability hold a price between ₹356.11 and ₹441.13 at the end of this 3-month period.
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ANANTRAJ.NS Signals & Forecast
The Anant Raj 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 ₹374.99 and ₹351.92. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 13, 2024, and so far it has risen 34.55%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Anant Raj Limited stock
Anant Raj Limited finds support from accumulated volume at ₹372.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ₹13.75 (3.67%) between high and low. For the last week, the stock has had daily average volatility of 3.33%.
Our recommended stop-loss: ₹371.21 (-3.72%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 44 days ago.)
Trading Expectations (ANANTRAJ.NS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Anant Raj Limited to open at ₹382.60, and during the day (based on 14 day Average True Range), to move between ₹373.04 and ₹398.06, which gives a possible trading interval of +/-₹12.51 (+/-3.25%) up or down from last closing price. If Anant Raj Limited takes out the full calculated possible swing range there will be an estimated 6.49% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₹372.80, some ₹12.75 (3.31%) from the current price of ₹385.55, our system finds the risk reward attractive.
Is Anant Raj 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 Anant Raj Limited stock to perform well in the short-term.
Current score: 4.854 Buy Candidate Unchanged
Predicted Opening Price for Anant Raj Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₹382.60 ( 0.765%) | ₹385.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ANANTRAJ.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 396.35 | 2.80 % | |
| R2 | 391.10 | 1.44 % | ||
| R1 | 387.85 | 0.597 % | ||
| Current price: | 385.55 | |||
| Support | S1 | 377.35 | -2.13 % | |
| S2 | 374.10 | -2.97 % | ||
| S3 | 368.85 | -4.33 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 385.55 | |||
| Support | S1 | 372.80 | -3.31% | |
| S2 | 365.80 | -5.12% | ||
| S3 | 364.10 | -5.56% |
ANANTRAJ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2023 | Jun 27, 2023 | Jun 27, 2023 | ₹0.500 | 0.289% |
| 2 | Jul 01, 2022 | Jul 01, 2022 | Jul 01, 2022 | ₹0.120 | 0.224% |
| 3 | Sep 22, 2021 | Sep 22, 2021 | Sep 22, 2021 | ₹0.100 | 0.145% |
| 4 | Dec 22, 2020 | Dec 22, 2020 | Dec 22, 2020 | ₹0.0800 | 0.327% |
| 5 | May 30, 2019 | Sep 20, 2019 | Oct 05, 2019 | ₹0.240 | 0.793% |
FAQ
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