Gravita India Limited Stock Forecast
Gravita India Limited stock price ended at ₹986.00 on Thursday, after gaining 2.10%.
(Updated on Apr 18, 2024)
The Gravita India Limited stock price gained 2.10% on the last trading day (Thursday, 18th Apr 2024), rising from ₹965.70 to ₹986.00. During the last trading day the stock fluctuated 2.89% from a day low at ₹971.75 to a day high of ₹999.80. The price has fallen in 6 of the last 10 days and is down by -8.74% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 87 thousand shares were bought and sold for approximately ₹85.37 million.
The stock lies in the middle of a very wide and weak 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 6.88% during the next 3 months and, with a 90% probability hold a price between ₹821.06 and ₹1,184.14 at the end of this 3-month period.
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GRAVITA.NS Signals & Forecast
The Gravita India 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 ₹1,004.64. On a fall, the stock will find some support from the long-term average at approximately ₹938.51. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Thursday, April 04, 2024, and so far it has fallen -10.14%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Gravita India Limited stock
Gravita India Limited finds support from accumulated volume at ₹943.15 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 ₹28.05 between high and low, or 2.89%. For the last week, the stock has had daily average volatility of 3.53%.
Our recommended stop-loss: ₹926.64 (-6.02%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (GRAVITA.NS) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Gravita India Limited to open at ₹985.85, and during the day (based on 14 day Average True Range), to move between ₹940.64 and ₹1,031.36, which gives a possible trading interval of +/-₹45.36 (+/-4.60%) up or down from last closing price. If Gravita India Limited takes out the full calculated possible swing range there will be an estimated 9.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹992.55 (0.66%) than the support at ₹943.15 (4.35%), 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 Gravita India Limited stock A Buy?
Gravita India Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.532 Hold/Accumulate Unchanged
Predicted Opening Price for Gravita India Limited of Friday, April 19, 2024
Fair opening price April 19, 2024 | Current price |
---|---|
₹985.85 ( 0.0152%) | ₹986.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GRAVITA.NS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1,013.90 | 2.83 % | |
R2 | 1,003.18 | 1.74 % | ||
R1 | 996.57 | 1.07 % | ||
Current price: | 986.00 | |||
Support | S1 | 975.13 | -1.10 % | |
S2 | 968.52 | -1.77 % | ||
S3 | 957.80 | -2.86 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1,080.45 | 9.58 % | |
R2 | 1,053.50 | 6.85 % | ||
R1 | 992.55 | 0.664 % | ||
Current price | 986.00 | |||
Support | S1 | 943.15 | -4.35% | |
S2 | 900.35 | -8.69% | ||
S3 | 886.30 | -10.11% |
GRAVITA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 08, 2022 | Feb 08, 2022 | Feb 08, 2022 | ₹3.00 | 0.796% |
2 | Feb 08, 2021 | Feb 08, 2021 | Feb 08, 2021 | ₹1.10 | 1.46% |
3 | Feb 24, 2020 | Mar 05, 2020 | Mar 24, 2020 | ₹0.700 | 1.88% |
4 | May 29, 2019 | Sep 11, 2019 | Oct 19, 2019 | ₹0.300 | 0.728% |
5 | May 28, 2018 | Aug 23, 2018 | Oct 01, 2018 | ₹0.700 | 0.82% |
FAQ
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