GIC Housing Finance Limited Stock Forecast
Green day on Wednesday for GIC Housing Finance Limited
(Updated on Apr 24, 2024)
The GIC Housing Finance Limited stock price gained 0.437% on the last trading day (Wednesday, 24th Apr 2024), rising from ₹217.60 to ₹218.55. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.27% from a day low at ₹218.00 to a day high of ₹222.95. The price has risen in 6 of the last 10 days and is up by 0.32% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 161 thousand more shares were traded than the day before. In total, 386 thousand shares were bought and sold for approximately ₹84.29 million.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at ₹230.05 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -19.84% during the next 3 months and, with a 90% probability hold a price between ₹135.25 and ₹184.41 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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GICHSGFIN.NS Signals & Forecast
The GIC Housing 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 ₹213.06 and ₹211.56. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 20, 2024, and so far it has risen 15.06%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for GIC Housing Finance Limited stock
GIC Housing Finance Limited finds support from accumulated volume at ₹216.95 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 ₹4.95 between high and low, or 2.27%. For the last week, the stock has had daily average volatility of 3.06%.
Our recommended stop-loss: ₹206.84 (-5.36%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (GICHSGFIN.NS) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect GIC Housing Finance Limited to open at ₹219.83, and during the day (based on 14 day Average True Range), to move between ₹210.40 and ₹226.70, which gives a possible trading interval of +/-₹8.15 (+/-3.73%) up or down from last closing price. If GIC Housing Finance Limited takes out the full calculated possible swing range there will be an estimated 7.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹216.95 (0.73%) than the resistance at ₹253.55 (16.01%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is GIC Housing Finance 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: 2.112 Buy Candidate Unchanged
Predicted Opening Price for GIC Housing Finance Limited of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| ₹219.83 ( 0.587%) | ₹218.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GICHSGFIN.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 224.78 | 2.85 % | |
| R2 | 222.89 | 1.99 % | ||
| R1 | 221.72 | 1.45 % | ||
| Current price: | 218.55 | |||
| Support | S1 | 217.94 | -0.278 % | |
| S2 | 216.77 | -0.81 % | ||
| S3 | 214.88 | -1.68 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 269.85 | 23.47 % | |
| R2 | 266.15 | 21.78 % | ||
| R1 | 253.55 | 16.01 % | ||
| Current price | 218.55 | |||
| Support | S1 | 216.95 | -0.732% | |
| S2 | 202.35 | -7.41% | ||
| S3 | 196.35 | -10.16% |
GICHSGFIN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 01, 2022 | Sep 01, 2022 | Sep 01, 2022 | ₹4.50 | 3.15% |
| 2 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | ₹4.50 | 3.06% |
| 3 | Sep 16, 2021 | Sep 16, 2021 | Sep 16, 2021 | ₹4.00 | 2.58% |
| 4 | Dec 03, 2020 | Dec 03, 2020 | Dec 03, 2020 | ₹2.00 | 1.75% |
| 5 | May 24, 2019 | Sep 12, 2019 | Sep 27, 2019 | ₹5.50 | 3.67% |
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