GE Power India Limited Stock Forecast
Stronger technical forecast for GE Power India Limited stock price after Friday trading.
(Updated on May 10, 2024)
The GE Power India Limited stock price fell by -0.377% on the last day (Friday, 10th May 2024) from ₹304.70 to ₹303.55. During the last trading day the stock fluctuated 4.62% from a day low at ₹296.50 to a day high of ₹310.20. The price has fallen in 7 of the last 10 days and is down by -14.18% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -26 thousand shares and in total, 26 thousand shares were bought and sold for approximately ₹8.00 million.
The stock lies in the middle of a very 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 21.56% during the next 3 months and, with a 90% probability hold a price between ₹336.91 and ₹449.18 at the end of this 3-month period.
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GEPIL.BO Signals & Forecast
There are few to no technical positive signals at the moment. The GE Power India Limited 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 ₹323.89 and ₹309.30. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -14.94%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for GE Power India Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹268.50 and ₹261.45. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, GE Power India Limited finds support just below today's level at ₹268.50. If this is broken, then the next support from accumulated volume will be at ₹261.45 and ₹256.65.
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 ₹13.70 between high and low, or 4.62%. For the last week, the stock has had daily average volatility of 5.65%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GEPIL.BO) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect GE Power India Limited to open at ₹303.42, and during the day (based on 14 day Average True Range), to move between ₹285.00 and ₹322.10, which gives a possible trading interval of +/-₹18.55 (+/-6.11%) up or down from last closing price. If GE Power India Limited takes out the full calculated possible swing range there will be an estimated 12.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹308.85 (1.75%) than the support at ₹268.50 (11.55%), 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 GE Power India Limited stock A Buy?
The GE Power India Limited stock holds several negative signals and despite the positive trend, we believe GE Power India Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.011 Sell Candidate Upgraded
Predicted Opening Price for GE Power India Limited of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| ₹303.42 ( 0.0439%) | ₹303.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GEPIL.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 317.12 | 4.47 % | |
| R2 | 311.88 | 2.75 % | ||
| R1 | 308.65 | 1.68 % | ||
| Current price: | 303.55 | |||
| Support | S1 | 298.18 | -1.77 % | |
| S2 | 294.95 | -2.83 % | ||
| S3 | 289.72 | -4.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 345.45 | 13.80 % | |
| R2 | 332.00 | 9.37 % | ||
| R1 | 308.85 | 1.75 % | ||
| Current price | 303.55 | |||
| Support | S1 | 268.50 | -11.55% | |
| S2 | 261.45 | -13.87% | ||
| S3 | 256.65 | -15.45% |
GEPIL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 02, 2021 | Aug 02, 2021 | Oct 10, 2020 | ₹1.00 | 0.244% |
| 2 | Jul 21, 2017 | Jul 21, 2017 | Aug 30, 2017 | ₹3.00 | 0.454% |
| 3 | Jul 14, 2015 | Jul 14, 2015 | Jul 14, 2015 | ₹10.00 | 1.31% |
| 4 | Jul 17, 2014 | Jul 17, 2014 | Jul 17, 2014 | ₹14.00 | 2.49% |
| 5 | Jul 19, 2013 | Jul 19, 2013 | Jul 19, 2013 | ₹10.00 | 2.84% |
FAQ
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