RSI low/high Values: [ 20 - 75 ]
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AI Analysis of CAPRIHANS.BO
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Red day on Thursday for Caprihans India Limited stock after losing 2.97%
(Updated on Mar 28, 2024)

Sell candidate since Mar 26, 2024 Loss -2.08% PDF

The Caprihans India Limited stock price fell by -2.97% on the last day (Thursday, 28th Mar 2024) from ₹155.05 to ₹150.45. During the last trading day the stock fluctuated 6.00% from a day low at ₹150.00 to a day high of ₹159.00. The price has risen in 6 of the last 10 days and is up by 4.37% over the past 2 weeks. 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 -5 thousand shares and in total, 11 thousand shares were bought and sold for approximately ₹1.72 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 -25.25% during the next 3 months and, with a 90% probability hold a price between ₹102.35 and ₹139.15 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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CAPRIHANS.BO Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 5.14%. 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 Caprihans India 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 ₹152.09 and ₹170.92. 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 Caprihans India Limited stock

Caprihans India Limited finds support from accumulated volume at ₹148.85 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 ₹9.00 between high and low, or 6.00%. For the last week, the stock has had daily average volatility of 8.59%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (CAPRIHANS.BO) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Caprihans India Limited to open at ₹153.15, and during the day (based on 14 day Average True Range), to move between ₹138.28 and ₹162.62, which gives a possible trading interval of +/-₹12.17 (+/-8.09%) up or down from last closing price. If Caprihans India Limited takes out the full calculated possible swing range there will be an estimated 16.18% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹148.85 (1.06%) than the resistance at ₹152.45 (1.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Caprihans India Limited stock A Buy?

Caprihans India 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: -2.551 Sell Candidate Unchanged

Predicted Opening Price for Caprihans India Limited of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
₹153.15 ( 1.79%) ₹150.45

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

Trading levels for CAPRIHANS.BO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 162.15 7.78 %
R2 158.71 5.49 %
R1 156.59 4.08 %
Current price: 150.45
Support S1 149.71 -0.491 %
S2 147.59 -1.90 %
S3 144.15 -4.19 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 180.35 19.87 %
R2 177.60 18.05 %
R1 152.45 1.33 %
Current price 150.45
Support S1 148.85 -1.06%
S2 144.15 -4.19%
S3 143.10 -4.89%

FAQ

What is the symbol for Caprihans India Limited Stock and on which exchange is it traded?
The symbol for Caprihans India Limited is CAPRIHANS.BO and it is traded on the XBOM (Bombay Stock Exchange).

Should I buy or sell Caprihans India Limited Stock?
Caprihans India 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.

How to buy Caprihans India Limited Stock?
Caprihans India Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Caprihans India Limited Stock.

What's the current price of Caprihans India Limited Stock?
As of the end of day on the 2024-03-28, the price of an Caprihans India Limited (CAPRIHANS.BO) share was ₹150.45.

What is the 52-week high and low for Caprihans India Limited Stock?
The 52-week high for Caprihans India Limited Stock is ₹266.00 and the 52-week low is ₹99.00.
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