D & H India Limited Stock Forecast
Big movements in D & H India Limited stock price on Friday moving 13.74% between high and low
(Updated on May 17, 2024)
The D & H India Limited stock price gained 5.16% on the last trading day (Friday, 17th May 2024), rising from ₹115.30 to ₹121.25. During the last trading day the stock fluctuated 13.74% from a day low at ₹114.25 to a day high of ₹129.95. The price has been going up and down for this period, and there has been a -1.5% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 thousand more shares were traded than the day before. In total, 18 thousand shares were bought and sold for approximately ₹2.17 million.
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 37.43% during the next 3 months and, with a 90% probability hold a price between ₹152.67 and ₹190.41 at the end of this 3-month period.
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DHINDIA.BO Signals & Forecast
The D & H India 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 ₹115.71 and ₹112.42. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical 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 -5.73%. 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).
Support, Risk & Stop-loss for D & H India Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹114.91 and ₹108.99. 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, D & H India Limited finds support just below today's level at ₹114.91. If this is broken, then the next support from accumulated volume will be at ₹108.99 and ₹98.54.
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 ₹15.70 between high and low, or 13.74%. For the last week, the stock has had daily average volatility of 7.56%.
Our recommended stop-loss: ₹115.49 (-4.75%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (DHINDIA.BO) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect D & H India Limited to open at ₹121.82, and during the day (based on 14 day Average True Range), to move between ₹113.29 and ₹129.21, which gives a possible trading interval of +/-₹7.96 (+/-6.56%) 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 13.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹121.48 (0.19%) than the support at ₹114.91 (5.23%), 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 D & H India Limited stock A Buy?
D & H India Limited holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.371 Strong Buy Candidate Upgraded
Predicted Opening Price for D & H India Limited of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| ₹121.82 ( 0.467%) | ₹121.25 |
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 | 137.52 | 13.42 % | |
| R2 | 131.52 | 8.47 % | ||
| R1 | 127.81 | 5.41 % | ||
| Current price: | 121.25 | |||
| Support | S1 | 115.82 | -4.48 % | |
| S2 | 112.11 | -7.53 % | ||
| S3 | 106.12 | -12.48 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 128.62 | 6.08 % | |
| R2 | 127.67 | 5.29 % | ||
| R1 | 121.48 | 0.190 % | ||
| Current price | 121.25 | |||
| Support | S1 | 114.91 | -5.23% | |
| S2 | 108.99 | -10.11% | ||
| S3 | 98.54 | -18.73% |
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% |
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