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AI Analysis of DIVSHKT.BO
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Divyashakti Granites Limited stock price up 4.23% on Friday
(Updated on May 31, 2024)

Sell candidate since May 30, 2024 Gain 4.23% PDF

The Divyashakti Granites Limited stock price gained 4.23% on the last trading day (Friday, 31st May 2024), rising from ₹70.85 to ₹73.85. During the last trading day the stock fluctuated 7.71% from a day low at ₹70.55 to a day high of ₹75.99. The price has fallen in 7 of the last 10 days and is down by -4.69% for this period. Volume fell on the last day by -215 shares and in total, 3 thousand shares were bought and sold for approximately ₹227.02 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 falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.38% during the next 3 months and, with a 90% probability hold a price between ₹69.13 and ₹81.10 at the end of this 3-month period.

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DIVSHKT.BO Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 4.23%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Divyashakti Granites Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₹74.79 and ₹76.49. A break-up above any of these levels will issue buy signals. 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 Divyashakti Granites Limited stock

Divyashakti Granites Limited finds support from accumulated volume at ₹73.46 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 ₹5.44 between high and low, or 7.71%. For the last week the stock has had daily average volatility of 5.62%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (DIVSHKT.BO) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect Divyashakti Granites Limited to open at ₹73.46, and during the day (based on 14 day Average True Range), to move between ₹70.22 and ₹77.48, which gives a possible trading interval of +/-₹3.63 (+/-4.92%) up or down from last closing price. If Divyashakti Granites Limited takes out the full calculated possible swing range there will be an estimated 9.84% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹74.13 (0.38%) than the support at ₹73.46 (0.53%), 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 Divyashakti Granites Limited stock A Buy?

Divyashakti Granites Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -1.068 Sell Candidate Unchanged

Predicted Opening Price for Divyashakti Granites Limited of Monday, June 3, 2024

Fair opening price June 3, 2024 Current price
₹73.46 ( 0.524%) ₹73.85

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

Trading levels for DIVSHKT.BO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 78.90 6.84 %
R2 76.83 4.03 %
R1 75.54 2.29 %
Current price: 73.85
Support S1 71.39 -3.34 %
S2 70.10 -5.08 %
S3 68.02 -7.89 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 84.99 15.08 %
R2 79.98 8.30 %
R1 74.13 0.379 %
Current price 73.85
Support S1 73.46 -0.528%
S2 73.17 -0.92%
S3 70.85 -4.06%

DIVSHKT Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Sep 14, 2023 Sep 14, 2023 Oct 21, 2023 ₹2.00 2.78%
2 Aug 10, 2022 Aug 10, 2022 Sep 17, 2022 ₹2.00 2.24%
3 Sep 21, 2021 Sep 21, 2021 Oct 30, 2021 ₹1.50 2.08%
4 Sep 21, 2020 Sep 21, 2020 Oct 30, 2020 ₹1.50 3.85%
5 Sep 19, 2019 Sep 19, 2019 Oct 30, 2019 ₹1.50 2.34%

FAQ

What is the symbol for Divyashakti Granites Limited Stock and on which exchange is it traded?
The symbol for Divyashakti Granites Limited is DIVSHKT.BO and it is traded on the XBOM (Bombay Stock Exchange).

Should I buy or sell Divyashakti Granites Limited Stock?
Divyashakti Granites Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy Divyashakti Granites Limited Stock?
Divyashakti Granites Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Divyashakti Granites Limited Stock.

What's the current price of Divyashakti Granites Limited Stock?
As of the end of day on the May 31, 2024, the price of an Divyashakti Granites Limited (DIVSHKT.BO) share was ₹73.85.

What is the 52-week high and low for Divyashakti Granites Limited Stock?
The 52-week high for Divyashakti Granites Limited Stock is ₹98.30 and the 52-week low is ₹60.25.

What is the market capitalization of Divyashakti Granites Limited Stock?
As of the May 31, 2024, the market capitalization of Divyashakti Granites Limited is 726.173M.
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