Black Rose Industries Limited Stock Forecast
Black Rose Industries Limited stock price ended at ₹131.10 on Friday, after losing 1.43%.
(Updated on May 03, 2024)
The Black Rose Industries Limited stock price fell by -1.43% on the last day (Friday, 3rd May 2024) from ₹133.00 to ₹131.10. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.34% from a day low at ₹130.20 to a day high of ₹134.55. The price has been going up and down for this period, and there has been a -1.35% loss for the last 2 weeks. Volume has increased on the last day by 1 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 17 thousand shares were bought and sold for approximately ₹2.29 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.91% during the next 3 months and, with a 90% probability hold a price between ₹106.97 and ₹122.99 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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BLACKROSE.BO Signals & Forecast
There are few to no technical positive signals at the moment. The Black Rose Industries Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₹133.36 and ₹132.42. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -5.34%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Black Rose Industries Limited stock
Black Rose Industries Limited finds support from accumulated volume at ₹129.70 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 ₹4.35 between high and low, or 3.34%. For the last week the stock has had daily average volatility of 2.40%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BLACKROSE.BO) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Black Rose Industries Limited to open at ₹131.95, and during the day (based on 14 day Average True Range), to move between ₹127.15 and ₹135.05, which gives a possible trading interval of +/-₹3.95 (+/-3.02%) up or down from last closing price. If Black Rose Industries Limited takes out the full calculated possible swing range there will be an estimated 6.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹131.85 (0.57%) than the support at ₹129.70 (1.07%), 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 Black Rose Industries Limited stock A Buy?
Black Rose Industries Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.856 Sell Candidate Unchanged
Predicted Opening Price for Black Rose Industries Limited of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ₹131.95 ( 0.648%) | ₹131.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BLACKROSE.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 136.30 | 3.97 % | |
| R2 | 134.64 | 2.70 % | ||
| R1 | 133.61 | 1.92 % | ||
| Current price: | 131.10 | |||
| Support | S1 | 130.29 | -0.619 % | |
| S2 | 129.26 | -1.40 % | ||
| S3 | 127.60 | -2.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 145.20 | 10.76 % | |
| R2 | 139.30 | 6.25 % | ||
| R1 | 131.85 | 0.572 % | ||
| Current price | 131.10 | |||
| Support | S1 | 129.70 | -1.07% | |
| S2 | 128.30 | -2.14% | ||
| S3 | 123.10 | -6.10% |
BLACKROSE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 22, 2023 | Sep 22, 2023 | Oct 29, 2023 | ₹0.550 | 0.396% |
| 2 | Sep 21, 2022 | Sep 21, 2022 | Oct 29, 2022 | ₹0.200 | 0.110% |
| 3 | Sep 21, 2021 | Sep 21, 2021 | Oct 29, 2021 | ₹0.450 | 0.228% |
| 4 | Sep 18, 2020 | Sep 18, 2020 | Oct 29, 2020 | ₹0.350 | 0.290% |
| 5 | Sep 11, 2019 | Sep 11, 2019 | Oct 23, 2019 | ₹0.300 | 0.381% |
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