Coral India Finance and Housing Limited Stock Forecast
Coral India Finance and Housing Limited stock price up 0.81% on Friday
(Updated on Apr 26, 2024)
The Coral India Finance and Housing Limited stock price gained 0.81% on the last trading day (Friday, 26th Apr 2024), rising from ₹43.25 to ₹43.60. During the last trading day the stock fluctuated 2.83% from a day low at ₹42.40 to a day high of ₹43.60. The price has fallen in 6 of the last 10 days and is down by -3.54% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 12 thousand more shares were traded than the day before. In total, 19 thousand shares were bought and sold for approximately ₹811.05 thousand.
Given the current short-term trend, the stock is expected to fall -33.14% during the next 3 months and, with a 90% probability hold a price between ₹20.16 and ₹29.15 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
CORALFINAC.NS Signals & Forecast
The Coral India Finance and Housing Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₹42.71 and ₹42.99. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 28, 2024, and so far it has risen 17.84%. Further rise is indicated until a new top pivot has been found. Coral India Finance and Housing 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. 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).
Support, Risk & Stop-loss for Coral India Finance and Housing Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹41.40 and ₹38.85. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Coral India Finance and Housing Limited finds support just below today's level at ₹41.40. If this is broken, then the next support from accumulated volume will be at ₹38.85 and ₹37.00.
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 ₹1.20 between high and low, or 2.83%. For the last week, the stock has had daily average volatility of 1.37%.
Our recommended stop-loss: ₹40.99 (-5.98%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (CORALFINAC.NS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Coral India Finance and Housing Limited to open at ₹43.20, and during the day (based on 14 day Average True Range), to move between ₹42.21 and ₹44.99, which gives a possible trading interval of +/-₹1.39 (+/-3.19%) up or down from last closing price. If Coral India Finance and Housing Limited takes out the full calculated possible swing range there will be an estimated 6.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹45.80 (5.05%) than the support at ₹41.40 (5.05%), 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 Coral India Finance and Housing 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.
Current score: 2.191 Buy Candidate Unchanged
Predicted Opening Price for Coral India Finance and Housing Limited of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| ₹43.20 ( 0.92%) | ₹43.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CORALFINAC.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 44.40 | 1.83 % | |
| R2 | 43.94 | 0.783 % | ||
| R1 | 43.66 | 0.134 % | ||
| Current price: | 43.60 | |||
| Support | S1 | 42.74 | -1.97 % | |
| S2 | 42.46 | -2.62 % | ||
| S3 | 42.00 | -3.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 54.40 | 24.77 % | |
| R2 | 54.35 | 24.66 % | ||
| R1 | 45.80 | 5.05 % | ||
| Current price | 43.60 | |||
| Support | S1 | 41.40 | -5.05% | |
| S2 | 38.85 | -10.89% | ||
| S3 | 37.00 | -15.14% |
CORALFINAC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 07, 2023 | Jul 07, 2023 | Jul 07, 2023 | ₹0.300 | 0.83% |
| 2 | Jul 06, 2023 | Jul 06, 2023 | Jul 06, 2023 | ₹0.300 | 0.81% |
| 3 | Jul 20, 2022 | Jul 20, 2022 | Jul 20, 2022 | ₹0.300 | 0.743% |
| 4 | Aug 18, 2021 | Aug 18, 2021 | Aug 18, 2021 | ₹0.500 | 1.27% |
| 5 | Aug 28, 2020 | Aug 28, 2020 | Aug 28, 2020 | ₹0.200 | 0.95% |
FAQ
Click here for our free guide on how to buy Coral India Finance and Housing Limited Stock.
