Gokaldas Exports Limited Stock Forecast
Green day on Friday for Gokaldas Exports Limited
(Updated on Jun 14, 2024)
The Gokaldas Exports Limited stock price gained 0.222% on the last trading day (Friday, 14th Jun 2024), rising from ₹811.15 to ₹812.95. During the last trading day the stock fluctuated 2.32% from a day low at ₹804.25 to a day high of ₹822.90. The price has fallen in 6 of the last 10 days and is down by -4.23% for this period. Volume fell on the last day by -93 thousand shares and in total, 80 thousand shares were bought and sold for approximately ₹64.63 million. 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 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 12.50% during the next 3 months and, with a 90% probability hold a price between ₹867.31 and ₹1,049.39 at the end of this 3-month period.
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GOKEX.NS Signals & Forecast
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Gokaldas Exports 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 ₹824.78 and ₹834.96. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -4.96%. 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).
Support, Risk & Stop-loss for Gokaldas Exports Limited stock
Gokaldas Exports Limited finds support from accumulated volume at ₹773.15 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 ₹18.65 between high and low, or 2.32%. For the last week, the stock has had daily average volatility of 2.79%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GOKEX.NS) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Gokaldas Exports Limited to open at ₹813.37, and during the day (based on 14 day Average True Range), to move between ₹776.72 and ₹849.18, which gives a possible trading interval of +/-₹36.23 (+/-4.46%) up or down from last closing price. If Gokaldas Exports Limited takes out the full calculated possible swing range there will be an estimated 8.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹828.55 (1.92%) than the support at ₹773.15 (4.90%), 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 Gokaldas Exports Limited stock A Buy?
The Gokaldas Exports Limited stock holds several negative signals and despite the positive trend, we believe Gokaldas Exports Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.755 Sell Candidate Unchanged
Predicted Opening Price for Gokaldas Exports Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ₹813.37 ( 0.0513%) | ₹812.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GOKEX.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 832.02 | 2.35% |
| R2 | 824.89 | 1.47% |
| R1 | 820.49 | 0.93% |
| Price | 812.95 | |
| S1 | 806.24 | -0.83% |
| S2 | 801.84 | -1.37% |
| S3 | 794.72 | -2.24% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 879.35 | 8.17% |
| R2 | 835.00 | 2.71% |
| R1 | 828.55 | 1.92% |
| Price | 812.95 | |
| S1 | 773.15 | -4.90% |
| S2 | 757.60 | -6.81% |
| S3 | 732.40 | -9.91% |
GOKEX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 13, 2023 | Sep 13, 2023 | Oct 20, 2023 | ₹1.00 | 0.107% |
| 2 | Jun 09, 2008 | Aug 26, 2008 | Oct 01, 2008 | ₹1.00 | 0.689% |
| 3 | Aug 08, 2007 | Aug 08, 2007 | Aug 08, 2007 | ₹2.00 | 0.83% |
| 4 | Aug 08, 2006 | Aug 08, 2006 | Aug 08, 2006 | ₹1.50 | 0.502% |
| 5 | Jul 29, 2005 | Jul 29, 2005 | Jul 29, 2005 | ₹1.00 | 0.363% |
FAQ
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