Dalmia Bharat Sugar and Industries Ltd Stock Forecast
Green day on Friday for Dalmia Bharat Sugar and Industries Ltd stock after gaining 0.91%
(Updated on May 17, 2024)
The Dalmia Bharat Sugar and Industries Ltd stock price gained 0.91% on the last trading day (Friday, 17th May 2024), rising from ₹378.25 to ₹381.70. During the last trading day the stock fluctuated 1.87% from a day low at ₹377.95 to a day high of ₹385.00. The price has been going up and down for this period, and there has been a -7.11% loss for the last 2 weeks. Volume fell on the last day by -324 shares and in total, 1 thousand shares were bought and sold for approximately ₹538.58 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Dalmia Bharat Sugar and Industries Ltd stock with a 90% probability to be traded between ₹335.06 and ₹407.91 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
DALMIASUG.BO Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -7.42%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The Dalmia Bharat Sugar and Industries Ltd 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 ₹379.24 and ₹378.77. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Dalmia Bharat Sugar and Industries Ltd stock
Dalmia Bharat Sugar and Industries Ltd finds support from accumulated volume at ₹370.70 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 ₹7.05 between high and low, or 1.87%. For the last week the stock has had daily average volatility of 3.53%.
Our recommended stop-loss: ₹363.84 (-4.68%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (DALMIASUG.BO) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Dalmia Bharat Sugar and Industries Limited to open at ₹381.55, and during the day (based on 14 day Average True Range), to move between ₹367.13 and ₹396.27, which gives a possible trading interval of +/-₹14.57 (+/-3.82%) up or down from last closing price. If Dalmia Bharat Sugar and Industries Limited takes out the full calculated possible swing range there will be an estimated 7.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹370.70 (2.88%) than the resistance at ₹410.65 (7.58%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Dalmia Bharat Sugar and Industries Limited stock A Buy?
Dalmia Bharat Sugar and Industries Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.640 Hold/Accumulate Unchanged
Predicted Opening Price for Dalmia Bharat Sugar and Industries Limited of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| ₹381.55 ( 0.0393%) | ₹381.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DALMIASUG.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 388.60 | 1.81 % | |
| R2 | 385.91 | 1.10 % | ||
| R1 | 384.24 | 0.666 % | ||
| Current price: | 381.70 | |||
| Support | S1 | 378.86 | -0.745 % | |
| S2 | 377.19 | -1.18 % | ||
| S3 | 374.50 | -1.89 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 412.30 | 8.02 % | |
| R2 | 411.25 | 7.74 % | ||
| R1 | 410.65 | 7.58 % | ||
| Current price | 381.70 | |||
| Support | S1 | 370.70 | -2.88% | |
| S2 | 351.25 | -7.98% | ||
| S3 | 339.95 | -10.94% |
DALMIASUG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 16, 2024 | Feb 16, 2024 | Mar 03, 2024 | ₹3.75 | 0.96% |
| 2 | Aug 04, 2023 | Aug 04, 2023 | Mar 03, 2024 | ₹1.00 | 0.257% |
| 3 | Feb 15, 2023 | Feb 15, 2023 | Feb 24, 2023 | ₹3.00 | 0.94% |
| 4 | Sep 13, 2021 | Sep 13, 2021 | Oct 21, 2021 | ₹3.00 | 0.701% |
| 5 | Mar 22, 2016 | Mar 22, 2016 | Sep 30, 2017 | ₹0.600 | 0.402% |
FAQ
Click here for our free guide on how to buy Dalmia Bharat Sugar and Industries Limited Stock.
