Brookfield India Ret Stock Forecast

Brookfield India Ret stock price ended at ₹265.01 on Friday, after gaining 0.749%.
(Updated on Jun 28, 2024)

BIRET-RR.NS Signals & Forecast

Mostly positive signals in the chart today. The Brookfield India Ret stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₹265.08. On a fall, the stock will find some support from the long-term average at approximately ₹261.93. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 0.749%. 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. The stock had a Golden Star Signal on Friday, June 07, 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 Brookfield India Ret stock

Brookfield India Ret finds support from accumulated volume at ₹258.99 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ₹4.83 between high and low, or 1.84%. For the last week the stock has had daily average volatility of 2.13%.

Our recommended stop-loss: ₹250.17 (-5.60%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)

Trading Expectations (BIRET-RR.NS) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Brookfield India Ret to open at ₹265.31, and during the day (based on 14 day Average True Range), to move between ₹259.69 and ₹270.33, which gives a possible trading interval of +/-₹5.32 (+/-2.01%) up or down from last closing price. If Brookfield India Ret takes out the full calculated possible swing range there will be an estimated 4.01% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹266.43 (0.54%) than the support at ₹258.99 (2.27%), 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 Brookfield India Ret 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 Brookfield India Ret stock to perform well in the short-term.

Current score: 2.534 Buy Candidate Unchanged

Predicted Opening Price for Brookfield India Ret of Monday, July 1, 2024

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