Dhani Services Limited Stock Forecast
Dhani Services Limited stock price ended at ₹51.64 on Wednesday, after gaining 0.0194%.
(Updated on Jun 26, 2024)
The Dhani Services Limited stock price gained 0.0194% on the last trading day (Wednesday, 26th Jun 2024), rising from ₹51.63 to ₹51.64. During the last trading day the stock fluctuated 4.15% from a day low at ₹50.41 to a day high of ₹52.50. The price has risen in 7 of the last 10 days and is up by 14.45% over the past 2 weeks. Volume fell on the last day by -13 million shares and in total, 8 million shares were bought and sold for approximately ₹403.83 million. 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 lies in the upper part of a wide and strong 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 ₹53.24 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 14.12% during the next 3 months and, with a 90% probability hold a price between ₹50.32 and ₹60.76 at the end of this 3-month period.
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DHANI.NS Signals & Forecast
Mostly positive signals in the chart today. The Dhani Services 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 ₹49.95 and ₹46.62. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 30.40%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Dhani Services Limited stock
Dhani Services Limited finds support from accumulated volume at ₹51.63 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹2.09 between high and low, or 4.15%. For the last week, the stock has had daily average volatility of 6.72%.
Our recommended stop-loss: ₹50.04 (-3.10%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (DHANI.NS) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Dhani Services Limited to open at ₹51.52, and during the day (based on 14 day Average True Range), to move between ₹48.83 and ₹54.45, which gives a possible trading interval of +/-₹2.81 (+/-5.44%) up or down from last closing price. If Dhani Services Limited takes out the full calculated possible swing range there will be an estimated 10.88% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₹51.63, some ₹0.0100 (0.02%) from the current price of ₹51.64, our system finds the risk reward attractive.
Is Dhani Services 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 Dhani Services Limited stock to perform well in the short-term.
Current score: 3.594 Buy Candidate Unchanged
Predicted Opening Price for Dhani Services Limited of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| ₹51.52 ( 0.239%) | ₹51.64 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DHANI.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 53.61 | 3.81% |
| R2 | 52.81 | 2.26% |
| R1 | 52.32 | 1.31% |
| Price | 51.64 | |
| S1 | 50.72 | -1.78% |
| S2 | 50.23 | -2.74% |
| S3 | 49.43 | -4.29% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 51.64 | |
| S1 | 51.63 | -0.0194% |
| S2 | 50.02 | -3.14% |
| S3 | 49.90 | -3.37% |
DHANI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 23, 2020 | Mar 23, 2020 | Apr 10, 2020 | ₹2.25 | 2.20% |
| 2 | May 08, 2019 | May 08, 2019 | May 24, 2019 | ₹1.00 | 0.313% |
| 3 | May 03, 2018 | May 03, 2018 | May 22, 2018 | ₹1.00 | 0.244% |
| 4 | Mar 27, 2017 | Mar 27, 2017 | Apr 15, 2017 | ₹1.00 | 1.16% |
| 5 | Feb 01, 2016 | Feb 01, 2016 | Feb 01, 2016 | ₹0.499 | 2.28% |
FAQ
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