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AI Analysis of ANIKINDS.BO
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Volatile ride for Anik Industries Limited stock price on Friday moving between ₹48.15 and ₹53.14
(Updated on Jun 14, 2024)

Buy candidate since Jun 13, 2024 Gain 10.00% PDF

The Anik Industries Limited stock price gained 10.00% on the last trading day (Friday, 14th Jun 2024), rising from ₹48.31 to ₹53.14. During the last trading day the stock fluctuated 10.36% from a day low at ₹48.15 to a day high of ₹53.14. The price has risen in 6 of the last 10 days and is up by 11.92% 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, 45 thousand more shares were traded than the day before. In total, 46 thousand shares were bought and sold for approximately ₹2.45 million.

The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.16% during the next 3 months and, with a 90% probability hold a price between ₹46.17 and ₹61.51 at the end of this 3-month period.

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ANIKINDS.BO Signals & Forecast

Mostly positive signals in the chart today. The Anik Industries Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₹49.13 and ₹50.79. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 05, 2024, and so far it has risen 19.31%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Anik Industries Limited stock

Anik Industries Limited finds support from accumulated volume at ₹51.81 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₹4.99 between high and low, or 10.36%. For the last week, the stock has had daily average volatility of 6.03%.

Our recommended stop-loss: ₹51.08 (-3.88%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 40 days ago.)

Trading Expectations (ANIKINDS.BO) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Anik Industries Limited to open at ₹51.48, and during the day (based on 14 day Average True Range), to move between ₹50.22 and ₹56.06, which gives a possible trading interval of +/-₹2.92 (+/-5.50%) up or down from last closing price. If Anik Industries Limited takes out the full calculated possible swing range there will be an estimated 10.99% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹51.81 (2.50%) than the resistance at ₹55.13 (3.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Anik Industries 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 Anik Industries Limited stock to perform well in the short-term.

Current score: 3.122 Buy Candidate Unchanged

Predicted Opening Price for Anik Industries Limited of Tuesday, June 18, 2024

Fair opening price June 18, 2024 Current price
₹51.48 ( 3.13%) ₹53.14

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

Trading levels for ANIKINDS.BO

Fibonacci Support & Resistance Levels

Level Price
R3 56.47 6.26%
R2 54.56 2.67%
R1 53.38 0.457%
Price 53.14
S1 49.57 -6.72%
S2 48.39 -8.93%
S3 46.49 -12.52%

Accumulated Volume Support & Resistance Levels

Level Price
R3 56.66 6.62%
R2 56.20 5.76%
R1 55.13 3.74%
Price 53.14
S1 51.81 -2.50%
S2 44.54 -16.18%
S3 44.22 -16.79%

ANIKINDS Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Sep 24, 2010 Sep 24, 2010 Sep 24, 2010 ₹0.600 1.03%
2 Sep 24, 2009 Sep 24, 2009 Sep 24, 2009 ₹0.600 1.37%
3 Sep 24, 2008 Sep 24, 2008 Sep 24, 2008 ₹1.20 3.17%
4 Sep 24, 2007 Sep 24, 2007 Sep 24, 2007 ₹1.20 2.34%
5 Dec 21, 2006 Dec 21, 2006 Dec 21, 2006 ₹1.10 4.52%

FAQ

What is the symbol for Anik Industries Limited Stock and on which exchange is it traded?
The symbol for Anik Industries Limited is ANIKINDS.BO and it is traded on the XBOM (Bombay Stock Exchange).

Should I buy or sell Anik Industries Limited Stock?
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 Anik Industries Limited stock to perform well in the short-term.

How to buy Anik Industries Limited Stock?
Anik Industries Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Anik Industries Limited Stock.

What's the current price of Anik Industries Limited Stock?
As of the end of day on the Jun 14, 2024, the price of an Anik Industries Limited (ANIKINDS.BO) share was ₹53.14.

What is the 52-week high and low for Anik Industries Limited Stock?
The 52-week high for Anik Industries Limited Stock is ₹63.83 and the 52-week low is ₹29.75.

What is the market capitalization of Anik Industries Limited Stock?
As of the Jun 14, 2024, the market capitalization of Anik Industries Limited is 1.475B.

When is the next earnings date for Anik Industries Limited?
The upcoming earnings date for Anik Industries Limited is Aug 10, 2024.
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