Bharat Road Network Limited Stock Forecast
Bharat Road Network Limited stock price down 0.193% on Friday
(Updated on Jun 14, 2024)
The Bharat Road Network Limited stock price fell by -0.193% on the last day (Friday, 14th Jun 2024) from ₹51.90 to ₹51.80. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 0.212% from a day low at ₹51.80 to a day high of ₹51.91. The price has fallen in 7 of the last 10 days and is down by -4.78% for this period. 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 -8 thousand shares and in total, 40 thousand shares were bought and sold for approximately ₹2.05 million.
The stock lies in the middle of a very 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 -11.53% during the next 3 months and, with a 90% probability hold a price between ₹41.71 and ₹55.58 at the end of this 3-month period.
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BRNL.NS Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 07, 2024, and so far it has risen 1.07%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Bharat Road Network 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 ₹52.13 and ₹55.76. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Bharat Road Network Limited stock
Bharat Road Network Limited finds support from accumulated volume at ₹51.45 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 ₹0.110 between high and low, or 0.212%. For the last week, the stock has had daily average volatility of 0.96%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BRNL.NS) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Bharat Road Network Limited to open at ₹51.84, and during the day (based on 14 day Average True Range), to move between ₹50.59 and ₹53.01, which gives a possible trading interval of +/-₹1.21 (+/-2.35%) up or down from last closing price. If Bharat Road Network Limited takes out the full calculated possible swing range there will be an estimated 4.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹51.45 (0.68%) than the resistance at ₹55.40 (6.95%), 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 Road Network Limited stock A Buy?
Bharat Road Network Limited holds several negative signals and is within a very 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: -2.611 Sell Candidate Unchanged
Predicted Opening Price for Bharat Road Network Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ₹51.84 ( 0.0708%) | ₹51.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BRNL.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 51.95 | 0.283% |
| R2 | 51.90 | 0.202% |
| R1 | 51.88 | 0.152% |
| Price | 51.80 | |
| S1 | 51.79 | -0.0103% |
| S2 | 51.77 | -0.0605% |
| S3 | 51.73 | -0.142% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 63.95 | 23.46% |
| R2 | 63.80 | 23.17% |
| R1 | 55.40 | 6.95% |
| Price | 51.80 | |
| S1 | 51.45 | -0.676% |
| S2 | 51.25 | -1.06% |
| S3 | 50.45 | -2.61% |
BRNL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 28, 2019 | Dec 05, 2019 | Jan 12, 2020 | ₹0.500 | 0.738% |
| 2 | May 29, 2018 | Sep 19, 2018 | Oct 18, 2018 | ₹0.500 | 0.388% |
| 3 | Nov 02, 2017 | Nov 16, 2017 | Dec 02, 2017 | ₹0.500 | 0.251% |
FAQ
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