Gayatri Projects Limited Stock Forecast
Red day on Monday for Gayatri Projects Limited stock after losing 4.90%
(Updated on Apr 22, 2024)
The Gayatri Projects Limited stock price fell by -4.90% on the last day (Monday, 22nd Apr 2024) from ₹7.15 to ₹6.80. During the last trading day the stock fluctuated 0% from a day low at ₹6.80 to a day high of ₹6.80. The price has been going up and down for this period, and there has been a -13.92% loss for the last 2 weeks. Volume has increased on the last day by 6 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 6 thousand shares were bought and sold for approximately ₹42.83 thousand.
The stock has broken the very wide and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately ₹6.98 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
GAYAPROJ.NS Signals & Forecast
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. The Gayatri Projects Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₹7.20 and ₹8.46. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -31.66%. Further fall is indicated until a new bottom pivot has been found. Gayatri Projects 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 Gayatri Projects Limited stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 0%.
Our recommended stop-loss: ₹6.46 (-5.00%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 27 days ago.)
Trading Expectations (GAYAPROJ.NS) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Gayatri Projects Limited to open at ₹6.80, and during the day (based on 14 day Average True Range), to move between ₹6.66 and ₹6.94, which gives a possible trading interval of +/-₹0.143 (+/-2.10%) up or down from last closing price. If Gayatri Projects Limited takes out the full calculated possible swing range there will be an estimated 4.20% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ ₹7.20, some ₹0.400 (5.88%) from the current price of ₹6.80, our system finds the risk reward not very attractive.
Is Gayatri Projects Limited stock A Buy?
Gayatri Projects Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Gayatri Projects Limited of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| ₹6.80 ( 0%) | ₹6.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GAYAPROJ.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.80 | . | |
| R2 | 6.80 | . | ||
| R1 | 6.80 | . | ||
| Current price: | 6.80 | |||
| Support | S1 | 6.80 | . | |
| S2 | 6.80 | . | ||
| S3 | 6.80 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.70 | 13.24 % | |
| R2 | 7.25 | 6.62 % | ||
| R1 | 7.20 | 5.88 % | ||
| Current price | 6.80 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
GAYAPROJ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2016 | Sep 21, 2016 | Oct 28, 2016 | ₹0.400 | 0.319% |
| 2 | May 30, 2015 | Sep 21, 2015 | Oct 28, 2015 | ₹0.200 | 0.162% |
| 3 | May 29, 2014 | Sep 22, 2014 | Oct 29, 2014 | ₹0.400 | 1.50% |
| 4 | May 28, 2013 | Sep 20, 2013 | Oct 26, 2013 | ₹0.600 | 5.79% |
| 5 | May 30, 2012 | Sep 12, 2012 | Oct 20, 2012 | ₹0.600 | 2.83% |
FAQ
Click here for our free guide on how to buy Gayatri Projects Limited Stock.
