GVK Power & Infrastructure Limited Stock Forecast
GVK Power & Infrastructure Limited stock price up 4.92% on Friday
(Updated on Jun 21, 2024)
The GVK Power & Infrastructure Limited stock price gained 4.92% on the last trading day (Friday, 21st Jun 2024), rising from ₹10.98 to ₹11.52. During the last trading day the stock fluctuated 7.06% from a day low at ₹10.76 to a day high of ₹11.52. The price has risen in 6 of the last 10 days and is up by 11.84% 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, 116 thousand more shares were traded than the day before. In total, 640 thousand shares were bought and sold for approximately ₹7.38 million.
The stock lies in the middle of a 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 2.53% during the next 3 months and, with a 90% probability hold a price between ₹10.47 and ₹12.26 at the end of this 3-month period.
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GVKPIL.BO Signals & Forecast
Mostly positive signals in the chart today. The GVK Power & Infrastructure 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 ₹11.24 and ₹10.70. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, May 13, 2024, and so far it has risen 14.40%. Further rise is indicated until a new top pivot has been found. 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.
Support, Risk & Stop-loss for GVK Power & Infrastructure Limited stock
GVK Power & Infrastructure Limited finds support from accumulated volume at ₹11.09 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 ₹0.760 between high and low, or 7.06%. For the last week, the stock has had daily average volatility of 4.88%.
Our recommended stop-loss: ₹11.09 (-3.76%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 52 days ago.)
Trading Expectations (GVKPIL.BO) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect GVK Power & Infrastructure Limited to open at ₹11.27, and during the day (based on 14 day Average True Range), to move between ₹10.99 and ₹12.05, which gives a possible trading interval of +/-₹0.532 (+/-4.62%) up or down from last closing price. If GVK Power & Infrastructure Limited takes out the full calculated possible swing range there will be an estimated 9.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹11.60 (0.69%) than the support at ₹11.09 (3.73%), 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 GVK Power & Infrastructure Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for GVK Power & Infrastructure Limited stock to perform well in the short-term.
Current score: 3.726 Buy Candidate Unchanged
Predicted Opening Price for GVK Power & Infrastructure Limited of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| ₹11.27 ( 2.20%) | ₹11.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GVKPIL.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.03 | 4.40% |
| R2 | 11.74 | 1.88% |
| R1 | 11.56 | 0.321% |
| Price | 11.52 | |
| S1 | 10.98 | -4.72% |
| S2 | 10.80 | -6.28% |
| S3 | 10.51 | -8.80% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 11.70 | 1.56% |
| R1 | 11.60 | 0.694% |
| Price | 11.52 | |
| S1 | 11.09 | -3.73% |
| S2 | 10.87 | -5.64% |
| S3 | 10.57 | -8.25% |
GVKPIL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 06, 2006 | Nov 06, 2006 | Nov 06, 2006 | ₹2.50 | 9.26% |
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