CIAN Agro Industries & Infrastructure Stock Forecast
Big movements in CIAN Agro Industries & Infrastructure stock price on Friday moving 10.31% between high and low
(Updated on May 31, 2024)
The CIAN Agro Industries & Infrastructure stock price gained 2.20% on the last trading day (Friday, 31st May 2024), rising from ₹42.21 to ₹43.14. During the last trading day the stock fluctuated 10.31% from a day low at ₹40.16 to a day high of ₹44.30. The price has risen in 6 of the last 10 days and is up by 3.95% 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, 126 more shares were traded than the day before. In total, 6 thousand shares were bought and sold for approximately ₹252.28 thousand.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ₹44.04 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 6.54% during the next 3 months and, with a 90% probability hold a price between ₹41.68 and ₹46.92 at the end of this 3-month period.
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CIANAGRO.BO Signals & Forecast
The CIAN Agro Industries & Infrastructure 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 ₹41.81 and ₹40.46. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). CIAN Agro Industries & Infrastructure 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -1.17%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for CIAN Agro Industries & Infrastructure stock
CIAN Agro Industries & Infrastructure finds support from accumulated volume at ₹42.21 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 ₹4.14 between high and low, or 10.31%. For the last week, the stock has had daily average volatility of 6.13%.
Our recommended stop-loss: ₹41.31 (-4.25%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 41 days ago.)
Trading Expectations (CIANAGRO.BO) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect CIAN Agro Industries & Infrastructure Limited to open at ₹42.53, and during the day (based on 14 day Average True Range), to move between ₹40.93 and ₹45.35, which gives a possible trading interval of +/-₹2.21 (+/-5.12%) up or down from last closing price. If CIAN Agro Industries & Infrastructure Limited takes out the full calculated possible swing range there will be an estimated 10.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹43.50 (0.83%) than the support at ₹42.21 (2.16%), 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 CIAN Agro Industries & Infrastructure 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 CIAN Agro Industries & Infrastructure stock to perform well in the short-term.
Current score: 2.786 Buy Candidate Unchanged
Predicted Opening Price for CIAN Agro Industries & Infrastructure Limited of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| ₹42.53 ( 1.41%) | ₹43.14 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CIANAGRO.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 46.67 | 8.19 % | |
| R2 | 45.09 | 4.52 % | ||
| R1 | 44.11 | 2.26 % | ||
| Current price: | 43.14 | |||
| Support | S1 | 40.95 | -5.07 % | |
| S2 | 39.97 | -7.34 % | ||
| S3 | 38.39 | -11.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 43.65 | 1.18 % | ||
| R1 | 43.50 | 0.83 % | ||
| Current price | 43.14 | |||
| Support | S1 | 42.21 | -2.16% | |
| S2 | 39.84 | -7.65% | ||
| S3 | 39.02 | -9.55% |
FAQ
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