CIL Securities Limited Stock Forecast
CIL Securities Limited stock price ended at ₹55.52 on Friday, after losing 3.81%.
(Updated on May 17, 2024)
The CIL Securities Limited stock price fell by -3.81% on the last day (Friday, 17th May 2024) from ₹57.72 to ₹55.52. During the last trading day the stock fluctuated 4.66% from a day low at ₹55.15 to a day high of ₹57.72. The price has been going up and down for this period, and there has been a -0.05% loss for the last 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 -143 shares and in total, 5 thousand shares were bought and sold for approximately ₹251.56 thousand.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.01% during the next 3 months and, with a 90% probability hold a price between ₹51.30 and ₹62.57 at the end of this 3-month period.
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CILSEC.BO Signals & Forecast
The CIL Securities Limited 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 ₹54.92 and ₹52.93. A breakdown below any of these levels will issue sell signals. 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 Thursday, May 16, 2024, and so far it has fallen -3.81%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for CIL Securities Limited stock
CIL Securities Limited finds support from accumulated volume at ₹55.12 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved ₹2.57 between high and low, or 4.66%. For the last week the stock has had daily average volatility of 6.14%.
Our recommended stop-loss: ₹52.47 (-5.49%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (CILSEC.BO) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect CIL Securities Limited to open at ₹56.13, and during the day (based on 14 day Average True Range), to move between ₹51.55 and ₹59.49, which gives a possible trading interval of +/-₹3.97 (+/-7.16%) up or down from last closing price. If CIL Securities Limited takes out the full calculated possible swing range there will be an estimated 14.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹55.55 (0.05%) than the support at ₹55.12 (0.72%), 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 CIL Securities 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 CIL Securities Limited stock to perform well in the short-term.
Current score: 3.345 Buy Candidate Unchanged
Predicted Opening Price for CIL Securities Limited of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| ₹56.13 ( 1.10%) | ₹55.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CILSEC.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 58.70 | 5.73 % | |
| R2 | 57.72 | 3.96 % | ||
| R1 | 57.11 | 2.87 % | ||
| Current price: | 55.52 | |||
| Support | S1 | 55.15 | -0.670 % | |
| S2 | 54.54 | -1.76 % | ||
| S3 | 53.56 | -3.53 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 56.94 | 2.56 % | |
| R2 | 56.50 | 1.77 % | ||
| R1 | 55.55 | 0.0540 % | ||
| Current price | 55.52 | |||
| Support | S1 | 55.12 | -0.720% | |
| S2 | 51.90 | -6.52% | ||
| S3 | 51.78 | -6.74% |
CILSEC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 20, 2019 | Sep 20, 2019 | Oct 30, 2019 | ₹0.500 | 0% |
| 2 | Sep 19, 2018 | Sep 19, 2018 | Oct 29, 2018 | ₹0.500 | 0% |
| 3 | Sep 21, 2017 | Sep 21, 2017 | Oct 28, 2017 | ₹0.500 | 0% |
| 4 | Sep 22, 2016 | Sep 22, 2016 | Sep 22, 2016 | ₹0.500 | 0% |
| 5 | Sep 07, 2015 | Sep 07, 2015 | Sep 07, 2015 | ₹0.500 | 0% |
FAQ
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