Bridge Securities Limited Stock Forecast

Volatile ride for Bridge Securities Limited stock price on Friday moving between ₹21.84 and ₹24.11
(Updated on May 10, 2024)

BRIDGESE.BO Signals & Forecast

There are mixed signals in the stock today. The Bridge Securities Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₹23.16. On a fall, the stock will find some support from the short-term average at ₹21.09. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Bridge Securities Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has risen 13.75%. Further rise is indicated until a new top pivot has been found. The stock had a Golden Star Signal on Tuesday, August 08, 2023 in the long-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 Bridge Securities Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at ₹20.91 and ₹20.19. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Bridge Securities Limited finds support just below today's level at ₹20.91. If this is broken, then the next support from accumulated volume will be at ₹20.19 and ₹18.85.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹2.27 between high and low, or 10.39%. For the last week, the stock has had daily average volatility of 7.05%.

Our recommended stop-loss: ₹21.47 (-3.14%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 5 days ago.)

Trading Expectations (BRIDGESE.BO) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Bridge Securities Limited to open at ₹22.71, and during the day (based on 14 day Average True Range), to move between ₹20.42 and ₹23.92, which gives a possible trading interval of +/-₹1.75 (+/-7.90%) up or down from last closing price. If Bridge Securities Limited takes out the full calculated possible swing range there will be an estimated 15.81% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹20.91 (5.68%) than the resistance at ₹24.00 (8.25%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Bridge Securities Limited stock A Buy?

Bridge Securities 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.716 Hold/Accumulate Upgraded

Predicted Opening Price for Bridge Securities Limited of Monday, May 13, 2024

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