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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ESABINDIA.NS
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ESAB India Limited stock upgraded from Hold/Accumulate to Strong Buy Candidate after Friday trading session.
(Updated on Jun 14, 2024)

Buy or Hold candidate since Jun 03, 2024 Gain 1.61% PDF

The ESAB India Limited stock price gained 3.83% on the last trading day (Friday, 14th Jun 2024), rising from ₹5,696.65 to ₹5,915.05. During the last trading day the stock fluctuated 3.96% from a day low at ₹5,704.85 to a day high of ₹5,930.90. The price has been going up and down for this period, and there has been a 11.27% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 9 thousand more shares were traded than the day before. In total, 17 thousand shares were bought and sold for approximately ₹103.28 million.

The stock lies in the middle of a 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 14.56% during the next 3 months and, with a 90% probability hold a price between ₹6,146.37 and ₹7,141.46 at the end of this 3-month period.

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ESABINDIA.NS Signals & Forecast

The ESAB 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 ₹5,760.68 and ₹5,566.42. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -0.84%. 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).

Support, Risk & Stop-loss for ESAB India Limited stock

ESAB India Limited finds support from accumulated volume at ₹5,738.35 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 ₹226.05 between high and low, or 3.96%. For the last week, the stock has had daily average volatility of 3.63%.

Our recommended stop-loss: ₹5,670.01 (-4.14%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 38 days ago.)

Trading Expectations (ESABINDIA.NS) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect ESAB India Limited to open at ₹5,850.27, and during the day (based on 14 day Average True Range), to move between ₹5,684.16 and ₹6,145.94, which gives a possible trading interval of +/-₹230.89 (+/-3.90%) up or down from last closing price. If ESAB India Limited takes out the full calculated possible swing range there will be an estimated 7.81% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹5,965.20 (0.85%) than the support at ₹5,738.35 (2.99%), 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 ESAB India Limited stock A Buy?

ESAB 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: 5.192 Strong Buy Candidate Upgraded

Predicted Opening Price for ESAB India Limited of Tuesday, June 18, 2024

Fair opening price June 18, 2024 Current price
₹5,850.27 ( 1.10%) ₹5,915.05

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

Trading levels for ESABINDIA.NS

Fibonacci Support & Resistance Levels

Level Price
R3 6,076.32 2.73%
R2 5,989.97 1.27%
R1 5,936.62 0.365%
Price 5,915.05
S1 5,763.92 -2.56%
S2 5,710.57 -3.46%
S3 5,624.22 -4.92%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 0 -
R1 5,965.20 0.85%
Price 5,915.05
S1 5,738.35 -2.99%
S2 5,628.45 -4.85%
S3 4,978.10 -15.84%

ESABINDIA Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Aug 01, 2024 Aug 01, 2024 Sep 07, 2024 ₹30.00 0.507%
2 Apr 05, 2024 Apr 05, 2024 Apr 24, 2024 ₹24.00 0.466%
3 Nov 24, 2023 Nov 24, 2023 Dec 08, 2023 ₹32.00 0.552%
4 Aug 03, 2023 Aug 03, 2023 Aug 03, 2023 ₹20.00 0.426%
5 Feb 20, 2023 Feb 20, 2023 Feb 20, 2023 ₹28.00 0.684%

FAQ

What is the symbol for ESAB India Limited Stock and on which exchange is it traded?
The symbol for ESAB India Limited is ESABINDIA.NS and it is traded on the NSE (National Stock Exchange of India).

Should I buy or sell ESAB India Limited Stock?
ESAB 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.

How to buy ESAB India Limited Stock?
ESAB India Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy ESAB India Limited Stock.

What's the current price of ESAB India Limited Stock?
As of the end of day on the Jun 14, 2024, the price of an ESAB India Limited (ESABINDIA.NS) share was ₹5,915.05.

What is the 52-week high and low for ESAB India Limited Stock?
The 52-week high for ESAB India Limited Stock is ₹6,485.00 and the 52-week low is ₹3,896.00.

What is the market capitalization of ESAB India Limited Stock?
As of the Jun 14, 2024, the market capitalization of ESAB India Limited is 91.05B.

When is the next earnings date for ESAB India Limited?
The upcoming earnings date for ESAB India Limited is Aug 08, 2024.
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About ESAB India Limited

ESAB India Limited ESAB India Limited manufactures and sells welding and cutting equipment in India. The company offers gas equipment; welding consumables; welding automation and robotics; ESAB digital solutions; arc welding equipment; plasma cutting equipment; and cutting automation products, as well as PPE products and accessories, including helmets and head protection, gloves, clothes, eye protection products, and accessories. It serves the shipbuilding, petroch... ESABINDIA.NS Profile

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