Capri Global Capital Limited Stock Forecast

Stronger technical forecast for Capri Global Capital Limited stock price after Friday trading.
(Updated on May 03, 2024)

CGCL.NS Signals & Forecast

The Capri Global Capital Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₹223.22. On a fall, the stock will find some support from the long-term average at approximately ₹218.40. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Monday, April 01, 2024, and so far it has risen 10.05%. 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 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 Capri Global Capital Limited stock

Capri Global Capital Limited finds support from accumulated volume at ₹221.90 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 ₹3.75 between high and low, or 1.70%. For the last week, the stock has had daily average volatility of 2.53%.

Our recommended stop-loss: ₹210.34 (-5.34%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 23 days ago.)

Trading Expectations (CGCL.NS) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Capri Global Capital Limited to open at ₹222.45, and during the day (based on 14 day Average True Range), to move between ₹209.20 and ₹235.20, which gives a possible trading interval of +/-₹13.00 (+/-5.85%) up or down from last closing price. If Capri Global Capital Limited takes out the full calculated possible swing range there will be an estimated 11.70% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹221.90 (0.14%) than the resistance at ₹238.35 (7.27%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Capri Global Capital Limited stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.431 Buy Candidate Upgraded

Predicted Opening Price for Capri Global Capital Limited of Monday, May 6, 2024

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