Everest Industries Limited Stock Forecast
Everest Industries Limited stock price up 0.566% on Tuesday
(Updated on Jun 25, 2024)
The Everest Industries Limited stock price gained 0.566% on the last trading day (Tuesday, 25th Jun 2024), rising from ₹1,148.95 to ₹1,155.45. During the last trading day the stock fluctuated 3.83% from a day low at ₹1,135.50 to a day high of ₹1,179.00. The price has risen in 6 of the last 10 days and is up by 6.44% over the past 2 weeks. Volume fell on the last day by -4 thousand shares and in total, 19 thousand shares were bought and sold for approximately ₹22.30 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -3.77% during the next 3 months and, with a 90% probability hold a price between ₹984.11 and ₹1,203.81 at the end of this 3-month period.
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EVERESTIND.NS Signals & Forecast
Mostly positive signals in the chart today. The Everest Industries Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₹1,125.22 and ₹1,132.14. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 11.77%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Everest Industries Limited stock
Everest Industries Limited finds support from accumulated volume at ₹1,142.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ₹43.50 (3.83%) between high and low. For the last week, the stock has had daily average volatility of 4.04%.
Our recommended stop-loss: ₹1,121.48 (-2.94%) (This stock has low daily movements and this gives low risk. The RSI14 is 78 and this increases the risk substantially. There is a buy signal from a pivot bottom found 37 days ago.)
Trading Expectations (EVERESTIND.NS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Everest Industries Limited to open at ₹1,156.65, and during the day (based on 14 day Average True Range), to move between ₹1,103.53 and ₹1,207.37, which gives a possible trading interval of +/-₹51.92 (+/-4.49%) up or down from last closing price. If Everest Industries Limited takes out the full calculated possible swing range there will be an estimated 8.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹1,142.00 (1.16%) than the resistance at ₹1,207.50 (4.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Everest Industries Limited stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 2.854 Buy Candidate Unchanged
Predicted Opening Price for Everest Industries Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₹1,156.65 ( 0.104%) | ₹1,155.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EVERESTIND.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,200.15 | 3.87% |
| R2 | 1,183.53 | 2.43% |
| R1 | 1,173.27 | 1.54% |
| Price | 1,155.45 | |
| S1 | 1,140.03 | -1.33% |
| S2 | 1,129.77 | -2.22% |
| S3 | 1,113.15 | -3.66% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,262.30 | 9.25% |
| R2 | 1,214.65 | 5.12% |
| R1 | 1,207.50 | 4.50% |
| Price | 1,155.45 | |
| S1 | 1,142.00 | -1.16% |
| S2 | 1,099.25 | -4.86% |
| S3 | 1,085.55 | -6.05% |
EVERESTIND Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 14, 2023 | Aug 14, 2023 | Sep 20, 2023 | ₹6.00 | 0.551% |
| 2 | Aug 17, 2022 | Aug 17, 2022 | Aug 17, 2022 | ₹6.00 | 1.04% |
| 3 | Aug 17, 2021 | Aug 17, 2021 | Aug 17, 2021 | ₹7.50 | 1.61% |
| 4 | Aug 19, 2020 | Aug 19, 2020 | Aug 19, 2020 | ₹1.00 | 0.429% |
| 5 | May 01, 2019 | Jul 16, 2019 | Aug 23, 2019 | ₹7.50 | 2.40% |
FAQ
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