Ganges Securities Ltd Stock Forecast
Green day on Friday for Ganges Securities Ltd
(Updated on May 31, 2024)
The Ganges Securities Ltd stock price gained 0.756% on the last trading day (Friday, 31st May 2024), rising from ₹145.50 to ₹146.60. During the last trading day the stock fluctuated 4.11% from a day low at ₹146.00 to a day high of ₹152.00. The price has fallen in 6 of the last 10 days and is down by -4.68% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 211 more shares were traded than the day before. In total, 11 thousand shares were bought and sold for approximately ₹1.63 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₹146.19 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 28.27% during the next 3 months and, with a 90% probability hold a price between ₹187.52 and ₹241.87 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.
GANGESSECU.NS Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 0.756%. Further rise is indicated until a new top pivot has been found. 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. The Ganges Securities Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₹151.68 and ₹150.35. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Ganges Securities Ltd stock
Ganges Securities Ltd finds support from accumulated volume at ₹144.10 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 ₹6.00 between high and low, or 4.11%. For the last week, the stock has had daily average volatility of 4.89%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GANGESSECU.NS) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Ganges Securities Ltd to open at ₹148.20, and during the day (based on 14 day Average True Range), to move between ₹137.29 and ₹155.91, which gives a possible trading interval of +/-₹9.31 (+/-6.35%) up or down from last closing price. If Ganges Securities Ltd takes out the full calculated possible swing range there will be an estimated 12.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹144.10 (1.71%) than the resistance at ₹150.90 (2.93%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ganges Securities Ltd stock A Buy?
The Ganges Securities Ltd stock holds several negative signals and despite the positive trend, we believe Ganges Securities Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.406 Sell Candidate Unchanged
Predicted Opening Price for Ganges Securities Ltd of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| ₹148.20 ( 1.09%) | ₹146.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GANGESSECU.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 154.20 | 5.18 % | |
| R2 | 151.91 | 3.62 % | ||
| R1 | 150.49 | 2.65 % | ||
| Current price: | 146.60 | |||
| Support | S1 | 145.91 | -0.472 % | |
| S2 | 144.49 | -1.44 % | ||
| S3 | 142.20 | -3.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 175.40 | 19.65 % | |
| R2 | 155.15 | 5.83 % | ||
| R1 | 150.90 | 2.93 % | ||
| Current price | 146.60 | |||
| Support | S1 | 144.10 | -1.71% | |
| S2 | 137.50 | -6.21% | ||
| S3 | 134.65 | -8.15% |
FAQ
Click here for our free guide on how to buy Ganges Securities Ltd Stock.
