Nippon India Mutual Fund - Nippon India Trust Forecast

Green day on Thursday for Nippon India Mutual Fund - Nippon India trust after gaining 0.557%
(Updated on Jun 27, 2024)

DIVOPPBEES.NS Signals & Forecast

The Nippon India Mutual Fund - Nippon India trust 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 ₹79.11 and ₹77.32. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Tuesday, June 18, 2024, and so far it has fallen -0.351%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Nippon India Mutual Fund - Nippon India trust

Nippon India Mutual Fund - Nippon India finds support from accumulated volume at ₹77.99 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the trust tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the trust moved ₹2.94 between high and low, or 3.75%. For the last week the trust has had daily average volatility of 3.61%.

Our recommended stop-loss: ₹76.70 (-3.46%) (This trust has low daily movements and this gives low risk. The RSI14 is 79 and this increases the risk substantially. There is a sell signal from a pivot top found 15 days ago.)

Trading Expectations (DIVOPPBEES.NS) For The Upcoming Trading Day Of Friday 28th

For the upcoming trading day on Friday, 28th we expect Nippon India Mutual Fund - Nippon India Etf Dividend Opportunities to open at ₹79.73, and during the day (based on 14 day Average True Range), to move between ₹76.11 and ₹82.77, which gives a possible trading interval of +/-₹3.33 (+/-4.19%) up or down from last closing price. If Nippon India Mutual Fund - Nippon India Etf Dividend Opportunities takes out the full calculated possible swing range there will be an estimated 8.38% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹79.52 (0.10%) than the support at ₹77.99 (1.83%), 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 Nippon India Mutual Fund - Nippon India Etf Dividend Opportunities trust 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 Nippon India Mutual Fund - Nippon India trust to perform well in the short-term.

Current score: 3.408 Buy Candidate Unchanged

Predicted Opening Price for Nippon India Mutual Fund - Nippon India Etf Dividend Opportunities of Friday, June 28, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.