Arvind Limited Stock Forecast
Green day on Friday for Arvind Limited stock after gaining 2.99%
(Updated on May 10, 2024)
The Arvind Limited stock price gained 2.99% on the last trading day (Friday, 10th May 2024), rising from ₹350.05 to ₹360.50. During the last trading day the stock fluctuated 4.63% from a day low at ₹351.25 to a day high of ₹367.50. The price has risen in 6 of the last 10 days and is up by 14.83% over the past 2 weeks. Volume fell on the last day by -813 thousand shares and in total, 827 thousand shares were bought and sold for approximately ₹297.96 million. 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 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 ₹365.24 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 20.69% during the next 3 months and, with a 90% probability hold a price between ₹355.41 and ₹440.79 at the end of this 3-month period.
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ARVIND.NS Signals & Forecast
The Arvind 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 ₹346.67 and ₹308.33. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Wednesday, May 08, 2024, and so far it has fallen -0.730%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Arvind Limited stock
Arvind Limited finds support from accumulated volume at ₹360.00 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 ₹16.25 between high and low, or 4.63%. For the last week, the stock has had daily average volatility of 10.39%.
Our recommended stop-loss: ₹348.67 (-3.28%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (ARVIND.NS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Arvind Limited to open at ₹359.75, and during the day (based on 14 day Average True Range), to move between ₹341.25 and ₹379.75, which gives a possible trading interval of +/-₹19.25 (+/-5.34%) up or down from last closing price. If Arvind Limited takes out the full calculated possible swing range there will be an estimated 10.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹360.00 (0.14%) than the resistance at ₹363.15 (0.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Arvind 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 Arvind Limited stock to perform well in the short-term.
Current score: 2.935 Buy Candidate Unchanged
Predicted Opening Price for Arvind Limited of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| ₹359.75 ( 0.208%) | ₹360.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ARVIND.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 376.00 | 4.30 % | |
| R2 | 369.79 | 2.58 % | ||
| R1 | 365.96 | 1.51 % | ||
| Current price: | 360.50 | |||
| Support | S1 | 353.54 | -1.93 % | |
| S2 | 349.71 | -2.99 % | ||
| S3 | 343.50 | -4.72 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 363.15 | 0.735 % | ||
| Current price | 360.50 | |||
| Support | S1 | 360.00 | -0.139% | |
| S2 | 350.05 | -2.90% | ||
| S3 | 333.00 | -7.63% |
ARVIND Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 21, 2023 | Jul 21, 2023 | Jul 21, 2023 | ₹2.00 | 1.47% |
| 2 | May 17, 2019 | Jul 29, 2019 | Sep 05, 2019 | ₹2.00 | 4.04% |
| 3 | May 09, 2018 | Aug 21, 2018 | Sep 29, 2018 | ₹2.40 | 1.99% |
| 4 | May 11, 2017 | Jul 27, 2017 | Sep 04, 2017 | ₹2.40 | 1.63% |
| 5 | May 12, 2016 | Jul 28, 2016 | Sep 03, 2016 | ₹2.40 | 1.99% |
FAQ
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