Bharat Agri Fert and Realty Limited Stock Forecast
Red day on Tuesday for Bharat Agri Fert and Realty Limited
(Updated on Jun 25, 2024)
The Bharat Agri Fert and Realty Limited stock price fell by -0.565% on the last day (Tuesday, 25th Jun 2024) from ₹99.19 to ₹98.63. During the last trading day the stock fluctuated 2.90% from a day low at ₹98.15 to a day high of ₹101.00. The price has fallen in 7 of the last 10 days but is still up by 1.2% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -112 thousand shares and in total, 72 thousand shares were bought and sold for approximately ₹7.13 million.
The stock lies the upper part of a wide and falling 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 ₹99.64 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -14.13% during the next 3 months and, with a 90% probability hold a price between ₹71.30 and ₹85.56 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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BHARATAGRI.BO Signals & Forecast
The Bharat Agri Fert and Realty 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 ₹97.94 and ₹97.17. 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). 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 Thursday, June 20, 2024, and so far it has fallen -1.85%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Friday, June 21, 2024 in the short-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.
Golden Star
The stock had a Golden Star Signal on Friday, June 21, 2024 in the short-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 Bharat Agri Fert and Realty Limited stock
Bharat Agri Fert and Realty Limited finds support from accumulated volume at ₹95.95 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 ₹2.85 between high and low, or 2.90%. For the last week, the stock has had daily average volatility of 6.40%.
Our recommended stop-loss: ₹94.92 (-3.76%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (BHARATAGRI.BO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Bharat Agri Fert and Realty Limited to open at ₹99.26, and during the day (based on 14 day Average True Range), to move between ₹93.09 and ₹104.17, which gives a possible trading interval of +/-₹5.54 (+/-5.62%) up or down from last closing price. If Bharat Agri Fert and Realty Limited takes out the full calculated possible swing range there will be an estimated 11.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹95.95 (2.72%) than the resistance at ₹105.50 (6.97%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Bharat Agri Fert and Realty 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.
Current score: 1.391 Buy Candidate Unchanged
Predicted Opening Price for Bharat Agri Fert and Realty Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₹99.26 ( 0.639%) | ₹98.63 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BHARATAGRI.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 102.11 | 3.53% |
| R2 | 101.02 | 2.42% |
| R1 | 100.35 | 1.74% |
| Price | 98.63 | |
| S1 | 98.17 | -0.465% |
| S2 | 97.50 | -1.15% |
| S3 | 96.41 | -2.25% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 112.85 | 14.42% |
| R2 | 109.15 | 10.67% |
| R1 | 105.50 | 6.97% |
| Price | 98.63 | |
| S1 | 95.95 | -2.72% |
| S2 | 91.00 | -7.74% |
| S3 | 86.99 | -11.80% |
BHARATAGRI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 14, 2015 | Sep 14, 2015 | Sep 14, 2015 | ₹0.150 | 0.172% |
| 2 | Aug 27, 2014 | Aug 27, 2014 | Aug 27, 2014 | ₹0.150 | 0.128% |
| 3 | Nov 06, 2013 | Nov 06, 2013 | Nov 06, 2013 | ₹0.100 | 0.141% |
| 4 | Aug 02, 2013 | Aug 02, 2013 | Aug 02, 2013 | ₹0.150 | 0.181% |
| 5 | Nov 02, 2012 | Nov 02, 2012 | Nov 02, 2012 | ₹0.100 | 0.0834% |
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