GKW Limited Stock Forecast
Green day on Friday for GKW Limited stock after gaining 3.70%
(Updated on May 10, 2024)
The GKW Limited stock price gained 3.70% on the last trading day (Friday, 10th May 2024), rising from ₹2,307.50 to ₹2,392.90. During the last trading day the stock fluctuated 6.98% from a day low at ₹2,261.10 to a day high of ₹2,419.00. The price has fallen in 5 of the last 10 days and is down by -4.28% for this period. Volume fell on the last day by -505 shares and in total, 275 shares were bought and sold for approximately ₹658.05 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 58.62% during the next 3 months and, with a 90% probability hold a price between ₹3,014.02 and ₹4,687.90 at the end of this 3-month period.
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GKWLIMITED.NS Signals & Forecast
A sell signal was issued from a pivot top point on Thursday, April 18, 2024, and so far it has fallen -10.18%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. Some positive signals were issued as well, and these may have some influence on the near short-term development. The GKW Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₹2,396.11. On a fall, the stock will find some support from the long-term average at approximately ₹2,083.89. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.
Support, Risk & Stop-loss for GKW Limited stock
GKW Limited finds support from accumulated volume at ₹2,301.55 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved ₹157.90 between high and low, or 6.98%. For the last week the stock has had daily average volatility of 5.11%.
Our recommended stop-loss: ₹2,289.17 (-4.33%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (GKWLIMITED.NS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect GKW Limited to open at ₹2,357.67, and during the day (based on 14 day Average True Range), to move between ₹2,263.66 and ₹2,522.14, which gives a possible trading interval of +/-₹129.24 (+/-5.40%) up or down from last closing price. If GKW Limited takes out the full calculated possible swing range there will be an estimated 10.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹2,416.60 (0.99%) than the support at ₹2,301.55 (3.82%), 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 GKW Limited stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 2.103 Buy Candidate Unchanged
Predicted Opening Price for GKW Limited of Monday, May 13, 2024
Fair opening price May 13, 2024 | Current price |
---|---|
₹2,357.67 ( 1.47%) | ₹2,392.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GKWLIMITED.NS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2,515.57 | 5.13 % | |
R2 | 2,455.25 | 2.61 % | ||
R1 | 2,417.98 | 1.05 % | ||
Current price: | 2,392.90 | |||
Support | S1 | 2,297.35 | -3.99 % | |
S2 | 2,260.08 | -5.55 % | ||
S3 | 2,199.77 | -8.07 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2,537.40 | 6.04 % | |
R2 | 2,531.05 | 5.77 % | ||
R1 | 2,416.60 | 0.99 % | ||
Current price | 2,392.90 | |||
Support | S1 | 2,301.55 | -3.82% | |
S2 | 2,092.35 | -12.56% | ||
S3 | 1,902.15 | -20.51% |
GKWLIMITED Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 02, 1997 | Aug 07, 1997 | Oct 01, 1997 | ₹1.00 | 0% |
2 | Oct 31, 1996 | Oct 30, 1996 | Dec 01, 1996 | ₹2.00 | 0% |
3 | Jul 14, 1995 | Jul 19, 1995 | Sep 01, 1995 | ₹2.00 | 0% |
FAQ
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