Capital India Finance Limited Stock Forecast
Red day on Friday for Capital India Finance Limited
(Updated on May 17, 2024)
The Capital India Finance Limited stock price fell by -1.27% on the last day (Friday, 17th May 2024) from ₹129.65 to ₹128.00. During the last trading day the stock fluctuated 0.392% from a day low at ₹127.50 to a day high of ₹128.00. The price has fallen in 6 of the last 10 days but is still up by 1.47% over the past 2 weeks. Volume has increased on the last day by 126 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 523 shares were bought and sold for approximately ₹66.94 thousand.
The stock lies in the middle of a 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 -8.53% during the next 3 months and, with a 90% probability hold a price between ₹107.12 and ₹121.69 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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CIFL.BO Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Capital India Finance Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₹129.34 and ₹128.98. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen -5.19%. Further fall is indicated until a new bottom pivot has been found. Capital India Finance Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Capital India Finance Limited stock
Capital India Finance Limited finds support from accumulated volume at ₹127.95 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ₹0.500 (0.392%) between high and low. For the last week, the stock has had daily average volatility of 3.24%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CIFL.BO) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Capital India Finance Limited to open at ₹127.83, and during the day (based on 14 day Average True Range), to move between ₹122.50 and ₹133.50, which gives a possible trading interval of +/-₹5.50 (+/-4.30%) up or down from last closing price. If Capital India Finance Limited takes out the full calculated possible swing range there will be an estimated 8.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹127.95 (0.04%) than the resistance at ₹129.35 (1.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Capital India Finance Limited stock A Buy?
Capital India Finance Limited holds several negative signals and is within a 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: -2.517 Sell Candidate Unchanged
Predicted Opening Price for Capital India Finance Limited of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| ₹127.83 ( 0.130%) | ₹128.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CIFL.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 128.33 | 0.260 % | |
| R2 | 128.14 | 0.111 % | ||
| R1 | 128.02 | 0.0190 % | ||
| Current price: | 128.00 | |||
| Support | S1 | 127.64 | -0.279 % | |
| S2 | 127.52 | -0.372 % | ||
| S3 | 127.33 | -0.521 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 135.00 | 5.47 % | |
| R2 | 132.00 | 3.13 % | ||
| R1 | 129.35 | 1.05 % | ||
| Current price | 128.00 | |||
| Support | S1 | 127.95 | -0.0391% | |
| S2 | 127.50 | -0.391% | ||
| S3 | 121.90 | -4.77% |
CIFL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 15, 2023 | Sep 15, 2023 | Oct 21, 2023 | ₹0.100 | 0.0816% |
| 2 | Sep 15, 2022 | Sep 15, 2022 | Sep 24, 2022 | ₹0.100 | 0.0963% |
| 3 | Sep 16, 2021 | Sep 16, 2021 | Oct 28, 2021 | ₹0.100 | 0.0819% |
| 4 | Sep 17, 2020 | Sep 17, 2020 | Oct 28, 2020 | ₹0.100 | 0.0855% |
| 5 | Sep 19, 2019 | Sep 19, 2019 | Oct 27, 2019 | ₹0.400 | 0.381% |
FAQ
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