Galada Finance Limited Stock Forecast

Galada Finance Limited stock upgraded to Hold/Accumulate.
(Updated on Jun 26, 2024)

GALADAFIN.BO Signals & Forecast

The Galada Finance 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 ₹16.09 and ₹15.98. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Monday, June 24, 2024, and so far it has fallen -5.60%. Further fall is indicated until a new bottom pivot has been found. Galada Finance Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Galada Finance Limited stock

Galada Finance Limited finds support from accumulated volume at ₹16.50 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 ₹0.490 between high and low, or 2.97%. For the last week, the stock has had daily average volatility of 5.38%.

Our recommended stop-loss: ₹15.78 (-4.43%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 6 days ago.)

Trading Expectations (GALADAFIN.BO) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Galada Finance Limited to open at ₹16.67, and during the day (based on 14 day Average True Range), to move between ₹15.73 and ₹17.29, which gives a possible trading interval of +/-₹0.784 (+/-4.75%) up or down from last closing price. If Galada Finance Limited takes out the full calculated possible swing range there will be an estimated 9.50% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹16.50 (0.06%) than the resistance at ₹16.55 (0.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Galada Finance Limited stock A Buy?

Galada Finance Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.407 Hold/Accumulate Upgraded

Predicted Opening Price for Galada Finance Limited of Thursday, June 27, 2024

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