Elixir Capital Limited Stock Forecast
Red day on Friday for Elixir Capital Limited stock after losing 1.92%
(Updated on Jun 14, 2024)
The Elixir Capital Limited stock price fell by -1.92% on the last day (Friday, 14th Jun 2024) from ₹127.45 to ₹125.00. During the last trading day the stock fluctuated 2.40% from a day low at ₹125.00 to a day high of ₹128.00. The price has risen in 6 of the last 10 days and is up by 1.09% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -5 thousand shares and in total, 3 thousand shares were bought and sold for approximately ₹352.13 thousand.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 56.16% during the next 3 months and, with a 90% probability hold a price between ₹159.53 and ₹230.87 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ELIXIR.BO Signals & Forecast
The Elixir Capital 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 ₹122.81 and ₹104.92. 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 Tuesday, May 21, 2024, and so far it has fallen -4.83%. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Elixir Capital Limited stock
Elixir Capital Limited finds support from accumulated volume at ₹123.59 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 much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved ₹3.00 between high and low, or 2.40%. For the last week the stock has had daily average volatility of 4.83%.
Our recommended stop-loss: ₹117.70 (-5.84%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 60 days ago.)
Trading Expectations (ELIXIR.BO) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Elixir Capital Limited to open at ₹126.00, and during the day (based on 14 day Average True Range), to move between ₹117.77 and ₹132.23, which gives a possible trading interval of +/-₹7.23 (+/-5.79%) up or down from last closing price. If Elixir Capital Limited takes out the full calculated possible swing range there will be an estimated 11.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹123.59 (1.13%) than the resistance at ₹127.45 (1.96%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Elixir Capital 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 Elixir Capital Limited stock to perform well in the short-term.
Current score: 3.250 Buy Candidate Unchanged
Predicted Opening Price for Elixir Capital Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ₹126.00 ( 0.80%) | ₹125.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ELIXIR.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 129.00 | 3.20% |
| R2 | 127.85 | 2.28% |
| R1 | 127.15 | 1.72% |
| Price | 125.00 | |
| S1 | 124.85 | -0.117% |
| S2 | 124.15 | -0.683% |
| S3 | 123.00 | -1.60% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 131.34 | 5.07% |
| R2 | 128.40 | 2.72% |
| R1 | 127.45 | 1.96% |
| Price | 125.00 | |
| S1 | 123.59 | -1.13% |
| S2 | 121.99 | -2.41% |
| S3 | 110.37 | -11.70% |
ELIXIR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 18, 2023 | Aug 18, 2023 | Sep 25, 2023 | ₹1.25 | 2.45% |
| 2 | Aug 18, 2022 | Aug 18, 2022 | Sep 23, 2022 | ₹1.25 | 3.10% |
| 3 | Aug 17, 2021 | Aug 17, 2021 | Sep 24, 2021 | ₹1.25 | 2.85% |
| 4 | Oct 15, 2020 | Oct 15, 2020 | Nov 19, 2020 | ₹1.25 | 5.42% |
| 5 | Aug 13, 2019 | Aug 13, 2019 | Sep 25, 2019 | ₹1.25 | 3.58% |
FAQ
Click here for our free guide on how to buy Elixir Capital Limited Stock.
