Rajdarshan Industries Limited Stock Forecast
Green day on Friday for Rajdarshan Industries Limited stock after gaining 2.43%
(Updated on May 03, 2024)
The Rajdarshan Industries Limited stock price gained 2.43% on the last trading day (Friday, 3rd May 2024), rising from ₹45.20 to ₹46.30. During the last trading day the stock fluctuated 4.44% from a day low at ₹45.00 to a day high of ₹47.00. The price has fallen in 6 of the last 10 days and is down by -11.13% for this period. Volume fell on the last day by -10 thousand shares and in total, 5 thousand shares were bought and sold for approximately ₹221.27 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -6.26% during the next 3 months and, with a 90% probability hold a price between ₹33.37 and ₹50.80 at the end of this 3-month period.
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ARENTERP.NS Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, April 18, 2024, and so far it has fallen -15.59%. 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 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. The Rajdarshan Industries 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 ₹45.99 and ₹43.25. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Rajdarshan Industries Limited stock
Rajdarshan Industries Limited finds support from accumulated volume at ₹45.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved ₹2.00 between high and low, or 4.44%. For the last week the stock has had daily average volatility of 4.90%.
Our recommended stop-loss: ₹43.84 (-5.32%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (ARENTERP.NS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Rajdarshan Industries Limited to open at ₹46.10, and during the day (based on 14 day Average True Range), to move between ₹43.50 and ₹49.10, which gives a possible trading interval of +/-₹2.80 (+/-6.04%) up or down from last closing price. If Rajdarshan Industries Limited takes out the full calculated possible swing range there will be an estimated 12.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹46.65 (0.76%) than the support at ₹45.50 (1.73%), 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.
Is Rajdarshan Industries Limited stock A Buy?
Rajdarshan Industries Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.481 Hold/Accumulate Unchanged
Predicted Opening Price for Rajdarshan Industries Limited of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
₹46.10 ( 0.432%) | ₹46.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ARENTERP.NS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 48.10 | 3.89 % | |
R2 | 47.34 | 2.24 % | ||
R1 | 46.86 | 1.22 % | ||
Current price: | 46.30 | |||
Support | S1 | 45.34 | -2.08 % | |
S2 | 44.86 | -3.10 % | ||
S3 | 44.10 | -4.75 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 54.85 | 18.47 % | |
R2 | 48.55 | 4.86 % | ||
R1 | 46.65 | 0.756 % | ||
Current price | 46.30 | |||
Support | S1 | 45.50 | -1.73% | |
S2 | 45.05 | -2.70% | ||
S3 | 44.70 | -3.46% |
ARENTERP Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Oct 13, 1995 | Dec 04, 1995 | Dec 01, 1995 | ₹3.00 | 0% |
FAQ
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