Halder Venture Limited Stock Forecast
Halder Venture Limited stock price up 1.74% on Tuesday
(Updated on Jun 25, 2024)
The Halder Venture Limited stock price gained 1.74% on the last trading day (Tuesday, 25th Jun 2024), rising from ₹689.00 to ₹701.00. It has now gained 5 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 2.49% from a day low at ₹684.15 to a day high of ₹701.20. The price has risen in 8 of the last 10 days and is up by 10.39% 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, 89 more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately ₹1.82 million.
The stock has broken the wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at ₹704.85. A reaction back to this level may hold a second chance to get out before further falls.
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HALDER.BO Signals & Forecast
The Halder Venture 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 ₹669.33 and ₹590.21. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 10, 2024, and so far it has risen 36.93%. 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 Halder Venture Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹567.95 and ₹541.05. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Halder Venture Limited finds support just below today's level at ₹567.95. If this is broken, then the next support from accumulated volume will be at ₹541.05 and ₹532.05.
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 ₹17.05 between high and low, or 2.49%. For the last week, the stock has had daily average volatility of 0.96%.
The Halder Venture Limited stock is extremely overbought on RSI14 (95). This increases the short-term risk substantially.
Our recommended stop-loss: ₹679.27 (-3.10%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 95 and this increases the risk substantially. There is a buy signal from a pivot bottom found 36 days ago.)
Trading Expectations (HALDER.BO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Halder Venture Limited to open at ₹695.45, and during the day (based on 14 day Average True Range), to move between ₹689.70 and ₹712.30, which gives a possible trading interval of +/-₹11.30 (+/-1.61%) up or down from last closing price. If Halder Venture Limited takes out the full calculated possible swing range there will be an estimated 3.22% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₹567.95, some ₹133.05 (18.98%) from the current price of ₹701.00, our system finds the risk reward attractive.
Is Halder Venture Limited stock A Buy?
Halder Venture 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Halder Venture Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₹695.45 ( 0.792%) | ₹701.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HALDER.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 712.50 | 1.64% |
| R2 | 705.99 | 0.711% |
| R1 | 701.96 | 0.137% |
| Price | 701.00 | |
| S1 | 688.94 | -1.72% |
| S2 | 684.91 | -2.29% |
| S3 | 678.40 | -3.22% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 701.00 | |
| S1 | 567.95 | -18.98% |
| S2 | 541.05 | -22.82% |
| S3 | 532.05 | -24.10% |
HALDER Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 13, 2023 | Sep 13, 2023 | Oct 20, 2023 | ₹1.00 | 0.326% |
| 2 | Sep 19, 2022 | Sep 19, 2022 | Oct 27, 2022 | ₹1.00 | 0.281% |
| 3 | Sep 17, 2021 | Sep 17, 2021 | Oct 27, 2021 | ₹1.00 | 0.129% |
FAQ
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