D-Link (India) Limited Stock Forecast
Volatile ride for D-Link (India) Limited stock price on Friday moving between ₹312.95 and ₹346.25
(Updated on May 10, 2024)
The D-Link (India) Limited stock price gained 9.12% on the last trading day (Friday, 10th May 2024), rising from ₹312.55 to ₹341.05. During the last trading day the stock fluctuated 10.64% from a day low at ₹312.95 to a day high of ₹346.25. The price has fallen in 6 of the last 10 days but is still up by 5.6% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately ₹591.43 million.
Given the current short-term trend, the stock is expected to rise 10.48% during the next 3 months and, with a 90% probability hold a price between ₹307.99 and ₹376.79 at the end of this 3-month period.
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DLINKINDIA.NS Signals & Forecast
The D-Link (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 ₹319.52 and ₹306.65. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 13, 2024, and so far it has risen 32.32%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for D-Link (India) Limited stock
D-Link (India) Limited finds support from accumulated volume at ₹324.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ₹33.30 (10.64%) between high and low. For the last week, the stock has had daily average volatility of 5.30%.
Our recommended stop-loss: ₹328.64 (-3.64%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 39 days ago.)
Trading Expectations (DLINKINDIA.NS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect D-Link (India) Limited to open at ₹333.42, and during the day (based on 14 day Average True Range), to move between ₹328.68 and ₹353.42, which gives a possible trading interval of +/-₹12.37 (+/-3.63%) up or down from last closing price. If D-Link (India) Limited takes out the full calculated possible swing range there will be an estimated 7.25% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₹324.10, some ₹16.95 (4.97%) from the current price of ₹341.05, our system finds the risk reward attractive.
Is D-Link (India) Limited stock A Buy?
D-Link (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 Hold/Accumulate to a Strong Buy candidate.
Current score: 6.633 Strong Buy Candidate Upgraded
Predicted Opening Price for D-Link (India) Limited of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| ₹333.42 ( 2.24%) | ₹341.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DLINKINDIA.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 366.72 | 7.53 % | |
| R2 | 354.00 | 3.80 % | ||
| R1 | 346.14 | 1.49 % | ||
| Current price: | 341.05 | |||
| Support | S1 | 320.70 | -5.97 % | |
| S2 | 312.84 | -8.27 % | ||
| S3 | 300.12 | -12.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 341.05 | |||
| Support | S1 | 324.10 | -4.97% | |
| S2 | 312.80 | -8.28% | ||
| S3 | 308.80 | -9.46% |
DLINKINDIA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 28, 2022 | Jul 28, 2022 | Jul 28, 2022 | ₹3.00 | 1.78% |
| 2 | Aug 18, 2021 | Aug 18, 2021 | Aug 18, 2021 | ₹1.80 | 1.37% |
| 3 | Sep 10, 2020 | Sep 10, 2020 | Sep 10, 2020 | ₹1.00 | 0.94% |
| 4 | Aug 02, 2019 | Aug 14, 2019 | Aug 23, 2019 | ₹0.500 | 0.564% |
| 5 | May 25, 2019 | Jul 11, 2019 | Sep 01, 2019 | ₹1.00 | 1.11% |
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