BGR Energy Systems Limited Stock Forecast
BGR Energy Systems Limited stock price ended at ₹37.75 on Wednesday, after gaining 1.21%.
(Updated on Jun 26, 2024)
The BGR Energy Systems Limited stock price gained 1.21% on the last trading day (Wednesday, 26th Jun 2024), rising from ₹37.30 to ₹37.75. During the last trading day the stock fluctuated 1.07% from a day low at ₹37.35 to a day high of ₹37.75. The price has fallen in 8 of the last 10 days and is down by -7.41% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 thousand more shares were traded than the day before. In total, 48 thousand shares were bought and sold for approximately ₹1.83 million.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at ₹36.27 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect BGR Energy Systems Limited stock with a 90% probability to be traded between ₹36.23 and ₹44.54 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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BGRENERGY.NS Signals & Forecast
There are mixed signals in the stock today. The BGR Energy Systems Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₹38.02 and ₹40.31. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 1.21%. 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 BGR Energy Systems Limited stock
BGR Energy Systems Limited finds support from accumulated volume at ₹37.00 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 ₹0.400 between high and low, or 1.07%. For the last week, the stock has had daily average volatility of 1.03%.
Our recommended stop-loss: ₹35.49 (-6.00%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 26 days ago.)
Trading Expectations (BGRENERGY.NS) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect BGR Energy Systems Limited to open at ₹37.62, and during the day (based on 14 day Average True Range), to move between ₹37.00 and ₹38.50, which gives a possible trading interval of +/-₹0.755 (+/-2.00%) up or down from last closing price. If BGR Energy Systems Limited takes out the full calculated possible swing range there will be an estimated 4.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹37.00 (1.99%) than the resistance at ₹39.95 (5.83%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is BGR Energy Systems Limited stock A Buy?
BGR Energy Systems 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: -0.350 Hold/Accumulate Unchanged
Predicted Opening Price for BGR Energy Systems Limited of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| ₹37.62 ( 0.353%) | ₹37.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BGRENERGY.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 38.02 | 0.706% |
| R2 | 37.86 | 0.302% |
| R1 | 37.77 | 0.0516% |
| Price | 37.75 | |
| S1 | 37.46 | -0.758% |
| S2 | 37.37 | -1.01% |
| S3 | 37.22 | -1.41% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 44.30 | 17.35% |
| R2 | 42.20 | 11.79% |
| R1 | 39.95 | 5.83% |
| Price | 37.75 | |
| S1 | 37.00 | -1.99% |
| S2 | 36.60 | -3.05% |
| S3 | 34.80 | -7.81% |
BGRENERGY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2014 | Sep 18, 2014 | Sep 30, 2014 | ₹3.00 | 1.99% |
| 2 | May 29, 2013 | Sep 17, 2013 | Sep 30, 2013 | ₹7.00 | 6.38% |
| 3 | May 30, 2012 | Sep 13, 2012 | Sep 26, 2012 | ₹7.00 | 2.55% |
| 4 | May 26, 2011 | Sep 15, 2011 | Sep 28, 2011 | ₹10.00 | 3.07% |
| 5 | May 28, 2010 | Sep 16, 2010 | Oct 24, 2010 | ₹7.00 | 0.91% |
FAQ
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