CHL Limited Stock Forecast
CHL Limited stock price up 2.23% on Friday
(Updated on Jun 14, 2024)
The CHL Limited stock price gained 2.23% on the last trading day (Friday, 14th Jun 2024), rising from ₹34.03 to ₹34.79. During the last trading day the stock fluctuated 4.40% from a day low at ₹34.07 to a day high of ₹35.57. The price has fallen in 6 of the last 10 days but is still up by 0.43% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 4 thousand shares were bought and sold for approximately ₹126.84 thousand.
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 -5.66% during the next 3 months and, with a 90% probability hold a price between ₹30.59 and ₹40.77 at the end of this 3-month period.
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CHLLTD.BO Signals & Forecast
There are mixed signals in the stock today. The CHL 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 ₹35.22 and ₹36.53. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 5.55%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). CHL Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for CHL Limited stock
CHL Limited finds support from accumulated volume at ₹34.49 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 ₹1.50 between high and low, or 4.40%. For the last week, the stock has had daily average volatility of 7.92%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CHLLTD.BO) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect CHL Limited to open at ₹34.81, and during the day (based on 14 day Average True Range), to move between ₹31.66 and ₹37.92, which gives a possible trading interval of +/-₹3.13 (+/-9.00%) up or down from last closing price. If CHL Limited takes out the full calculated possible swing range there will be an estimated 18.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹35.05 (0.75%) than the support at ₹34.49 (0.86%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is CHL Limited stock A Buy?
CHL Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.670 Sell Candidate Unchanged
Predicted Opening Price for CHL Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ₹34.81 ( 0.0575%) | ₹34.79 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CHLLTD.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 36.31 | 4.37% |
| R2 | 35.74 | 2.72% |
| R1 | 35.38 | 1.70% |
| Price | 34.79 | |
| S1 | 34.24 | -1.59% |
| S2 | 33.88 | -2.61% |
| S3 | 33.31 | -4.25% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 42.99 | 23.57% |
| R2 | 35.99 | 3.45% |
| R1 | 35.05 | 0.747% |
| Price | 34.79 | |
| S1 | 34.49 | -0.86% |
| S2 | 33.61 | -3.39% |
| S3 | 32.07 | -7.82% |
CHLLTD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 13, 2013 | Sep 13, 2013 | Sep 13, 2013 | ₹0.200 | 1.12% |
| 2 | Mar 01, 2013 | Mar 01, 2013 | Mar 01, 2013 | ₹0.200 | 1.37% |
| 3 | Sep 13, 2012 | Sep 13, 2012 | Sep 13, 2012 | ₹0.200 | 1.36% |
| 4 | Mar 02, 2012 | Mar 02, 2012 | Mar 02, 2012 | ₹0.200 | 1.27% |
| 5 | Sep 14, 2011 | Sep 14, 2011 | Sep 14, 2011 | ₹0.300 | 1.92% |
FAQ
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