Dynacons Systems & Solutions Limited Stock Forecast

Red day on Friday for Dynacons Systems & Solutions Limited stock after losing 0.93%
(Updated on May 17, 2024)

DSSL.BO Signals & Forecast

The Dynacons Systems & Solutions 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 ₹1,216.16 and ₹1,155.37. A breakdown below any of these levels will issue sell signals. 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 -13.92%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. 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

On the downside, the stock finds support just below today's level from accumulated volume at ₹1,133.40 and ₹1,023.65. 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, Dynacons Systems & Solutions Limited finds support just below today's level at ₹1,133.40. If this is broken, then the next support from accumulated volume will be at ₹1,023.65 and ₹936.55.

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 ₹70.10 between high and low, or 5.74%. For the last week, the stock has had daily average volatility of 5.70%.

Our recommended stop-loss: ₹1,180.17 (-4.48%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 19 days ago.)

Trading Expectations (DSSL.BO) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Dynacons Systems & Solutions Limited to open at ₹1,249.77, and during the day (based on 14 day Average True Range), to move between ₹1,147.62 and ₹1,323.38, which gives a possible trading interval of +/-₹87.88 (+/-7.11%) 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 14.23% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹1,247.65 (0.98%) than the support at ₹1,133.40 (8.26%), 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 Dynacons Systems & Solutions Limited stock 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 Dynacons Systems & Solutions Limited stock to perform well in the short-term.

Current score: 2.808 Buy Candidate Unchanged

Predicted Opening Price for Dynacons Systems & Solutions Limited of Tuesday, May 21, 2024

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