Captain Pipes Limited Stock Forecast

Red day on Friday for Captain Pipes Limited stock after losing 0.500%
(Updated on May 17, 2024)

CAPPIPES.BO Signals & Forecast

The Captain Pipes 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 ₹19.37 and ₹18.80. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, May 13, 2024, and so far it has risen 8.44%. 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. 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 Captain Pipes Limited stock

Captain Pipes Limited finds support from accumulated volume at ₹19.02 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 ₹1.30 between high and low, or 6.74%. For the last week, the stock has had daily average volatility of 4.83%.

Our recommended stop-loss: ₹19.28 (-3.18%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (CAPPIPES.BO) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Captain Pipes Limited to open at ₹19.94, and during the day (based on 14 day Average True Range), to move between ₹18.74 and ₹21.08, which gives a possible trading interval of +/-₹1.17 (+/-5.89%) up or down from last closing price. If Captain Pipes Limited takes out the full calculated possible swing range there will be an estimated 11.77% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹19.02 (4.47%) than the resistance at ₹22.09 (10.95%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Captain Pipes Limited 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 Captain Pipes Limited stock to perform well in the short-term.

Current score: 1.958 Buy Candidate Unchanged

Predicted Opening Price for Captain Pipes Limited of Tuesday, May 21, 2024

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