Dwarikesh Sugar Industries Limited Stock Forecast
Evaluation of Dwarikesh Sugar Industries Limited stock downgraded after the last trading session.
(Updated on May 01, 2024)
No changes to the price of Dwarikesh Sugar Industries Limited stock on the last trading day (Wednesday, 1st May 2024). During the last trading day the stock fluctuated 0% from a day low at ₹73.00 to a day high of ₹73.00. The price has risen in 5 of the last 10 days and is up by 1.18% over the past 2 weeks.
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 -13.52% during the next 3 months and, with a 90% probability hold a price between ₹56.31 and ₹64.97 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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DWARKESH.NS Signals & Forecast
There are few to no technical positive signals at the moment. The Dwarikesh Sugar Industries 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 ₹73.46 and ₹75.71. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -1.28%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Dwarikesh Sugar Industries Limited stock
Dwarikesh Sugar Industries Limited finds support from accumulated volume at ₹72.45 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved ₹0 between high and low, or 0%. For the last week the stock has had daily average volatility of 2.03%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DWARKESH.NS) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Dwarikesh Sugar Industries Limited to open at ₹73.00, and during the day (based on 14 day Average True Range), to move between ₹70.88 and ₹75.12, which gives a possible trading interval of +/-₹2.12 (+/-2.90%) up or down from last closing price. If Dwarikesh Sugar Industries Limited takes out the full calculated possible swing range there will be an estimated 5.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹72.45 (0.75%) than the resistance at ₹81.90 (12.19%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Dwarikesh Sugar Industries Limited stock A Buy?
Dwarikesh Sugar Industries 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.887 Sell Candidate Downgraded
Predicted Opening Price for Dwarikesh Sugar Industries Limited of Thursday, May 2, 2024
Fair opening price May 2, 2024 | Current price |
---|---|
₹73.00 ( 0%) | ₹73.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DWARKESH.NS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 73.00 | . | |
R2 | 73.00 | . | ||
R1 | 73.00 | . | ||
Current price: | 73.00 | |||
Support | S1 | 73.00 | . | |
S2 | 73.00 | . | ||
S3 | 73.00 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 86.10 | 17.95 % | |
R2 | 84.65 | 15.96 % | ||
R1 | 81.90 | 12.19 % | ||
Current price | 73.00 | |||
Support | S1 | 72.45 | -0.753% | |
S2 | 72.05 | -1.30% | ||
S3 | 69.50 | -4.79% |
DWARKESH Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 31, 2023 | Mar 31, 2023 | Mar 31, 2023 | ₹2.00 | 2.34% |
2 | Apr 07, 2022 | Apr 07, 2022 | Apr 07, 2022 | ₹2.00 | 1.40% |
3 | Jul 13, 2021 | Jul 13, 2021 | Jul 13, 2021 | ₹1.25 | 1.56% |
4 | Jul 12, 2021 | Jul 12, 2021 | Jul 12, 2021 | ₹1.25 | 1.55% |
5 | Feb 10, 2020 | Feb 18, 2020 | Mar 11, 2020 | ₹1.00 | 4.80% |
FAQ
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