Dynacons Systems & Solutions Limited Stock Forecast

Red day on Friday for Dynacons Systems & Solutions Limited stock after losing 1.92%
(Updated on May 03, 2024)

DSSL.BO Signals & Forecast

The Dynacons Systems & Solutions 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 ₹1,298.68. On a fall, the stock will find some support from the long-term average at approximately ₹1,034.78. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Friday, April 19, 2024, and so far it has fallen -12.57%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Tuesday, February 06, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Dynacons Systems & Solutions Limited stock

Dynacons Systems & Solutions Limited finds support from accumulated volume at ₹1,247.65 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ₹64.25 between high and low, or 5.23%. For the last week, the stock has had daily average volatility of 5.22%.

Our recommended stop-loss: ₹1,196.37 (-4.66%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 9 days ago.)

Trading Expectations (DSSL.BO) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Dynacons Systems & Solutions Limited to open at ₹1,258.83, and during the day (based on 14 day Average True Range), to move between ₹1,167.25 and ₹1,342.45, which gives a possible trading interval of +/-₹87.60 (+/-6.98%) up or down from last closing price. If Dynacons Systems & Solutions Limited takes out the full calculated possible swing range there will be an estimated 13.96% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹1,247.65 (0.57%) than the resistance at ₹1,356.30 (8.08%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Dynacons Systems & Solutions Limited stock A Buy?

Dynacons Systems & Solutions Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.151 Hold/Accumulate Unchanged

Predicted Opening Price for Dynacons Systems & Solutions Limited of Monday, May 6, 2024

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