Aries Agro Limited Stock Forecast

Aries Agro Limited stock upgraded to Buy Candidate.
(Updated on Jun 14, 2024)

ARIES.BO Signals & Forecast

The Aries Agro 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 ₹240.26 and ₹243.78. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 21.79%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 stock had a Golden Star Signal on Thursday, July 27, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Aries Agro Limited stock

Aries Agro Limited finds support from accumulated volume at ₹245.15 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 ₹4.95 between high and low, or 2.04%. For the last week the stock has had daily average volatility of 3.13%.

Our recommended stop-loss: ₹236.91 (-3.46%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 45 days ago.)

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

For the upcoming trading day on Tuesday, 18th we expect Aries Agro Limited to open at ₹245.45, and during the day (based on 14 day Average True Range), to move between ₹234.65 and ₹256.15, which gives a possible trading interval of +/-₹10.75 (+/-4.38%) up or down from last closing price. If Aries Agro Limited takes out the full calculated possible swing range there will be an estimated 8.76% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹245.15 (0.10%) than the resistance at ₹246.80 (0.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Aries Agro Limited stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 1.978 Buy Candidate Upgraded

Predicted Opening Price for Aries Agro Limited of Tuesday, June 18, 2024

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