D & H India Limited Stock Forecast
Weaker technical forecast for D & H India Limited as stock downgraded to Hold/Accumulate.
(Updated on May 08, 2024)
The D & H India Limited stock price gained 1.62% on the last trading day (Wednesday, 8th May 2024), rising from ₹114.55 to ₹116.40. During the last trading day the stock fluctuated 3.84% from a day low at ₹113.40 to a day high of ₹117.75. The price has fallen in 6 of the last 10 days but is still up by 0.33% over the past 2 weeks. Volume fell on the last day by -12 thousand shares and in total, 5 thousand shares were bought and sold for approximately ₹553.60 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 lies in the middle of a wide and strong 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 41.36% during the next 3 months and, with a 90% probability hold a price between ₹151.82 and ₹189.74 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
DHINDIA.BO Signals & Forecast
The D & H India Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₹121.73. On a fall, the stock will find some support from the long-term average at approximately ₹107.56. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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, April 25, 2024, and so far it has fallen -9.50%. 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.
Support, Risk & Stop-loss for D & H India Limited stock
D & H India Limited finds support from accumulated volume at ₹114.91 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved ₹4.35 between high and low, or 3.84%. For the last week the stock has had daily average volatility of 6.23%.
Our recommended stop-loss: ₹110.09 (-5.42%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (DHINDIA.BO) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect D & H India Limited to open at ₹115.85, and during the day (based on 14 day Average True Range), to move between ₹108.60 and ₹124.20, which gives a possible trading interval of +/-₹7.80 (+/-6.70%) up or down from last closing price. If D & H India Limited takes out the full calculated possible swing range there will be an estimated 13.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹114.91 (1.28%) than the resistance at ₹121.48 (4.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is D & H India Limited stock A Buy?
D & H India Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.582 Hold/Accumulate Downgraded
Predicted Opening Price for D & H India Limited of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| ₹115.85 ( 0.473%) | ₹116.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DHINDIA.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 120.20 | 3.26 % | |
| R2 | 118.54 | 1.84 % | ||
| R1 | 117.51 | 0.96 % | ||
| Current price: | 116.40 | |||
| Support | S1 | 114.19 | -1.90 % | |
| S2 | 113.16 | -2.78 % | ||
| S3 | 111.50 | -4.21 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 128.62 | 10.50 % | |
| R2 | 127.67 | 9.68 % | ||
| R1 | 121.48 | 4.36 % | ||
| Current price | 116.40 | |||
| Support | S1 | 114.91 | -1.28% | |
| S2 | 108.99 | -6.37% | ||
| S3 | 98.54 | -15.34% |
DHINDIA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 22, 2015 | Sep 22, 2015 | Sep 22, 2015 | ₹0.500 | 2.51% |
| 2 | Sep 24, 2014 | Sep 24, 2014 | Sep 24, 2014 | ₹0.500 | 2.69% |
| 3 | Sep 19, 2013 | Sep 19, 2013 | Sep 19, 2013 | ₹0.500 | 4.35% |
| 4 | Sep 20, 2012 | Sep 20, 2012 | Sep 20, 2012 | ₹0.500 | 3.41% |
| 5 | Sep 13, 2011 | Sep 13, 2011 | Sep 13, 2011 | ₹0.500 | 2.89% |
FAQ
Click here for our free guide on how to buy D & H India Limited Stock.
