SRI HAVISHA HOSPITALITY INFRAS Stock Forecast

Red day on Tuesday for SRI HAVISHA HOSPITALITY INFRAS stock after losing 0.752%
(Updated on May 21, 2024)

HAVISHA.BO Signals & Forecast

The SRI HAVISHA HOSPITALITY INFRAS 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 ₹2.53 and ₹2.47. A breakdown below any of these levels will issue sell signals. 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 Tuesday, April 30, 2024, and so far it has fallen -2.22%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for SRI HAVISHA HOSPITALITY INFRAS stock

SRI HAVISHA HOSPITALITY INFRAS finds support from accumulated volume at ₹2.62 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 ₹0.140 between high and low, or 5.34%. For the last week the stock has had daily average volatility of 6.54%.

Our recommended stop-loss: ₹2.51 (-4.74%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 37 days ago.)

Trading Expectations (HAVISHA.BO) For The Upcoming Trading Day Of Wednesday 22nd

For the upcoming trading day on Wednesday, 22nd we expect SRI HAVISHA HOSPITALITY INFRAS to open at ₹2.67, and during the day (based on 14 day Average True Range), to move between ₹2.49 and ₹2.79, which gives a possible trading interval of +/-₹0.153 (+/-5.78%) up or down from last closing price. If SRI HAVISHA HOSPITALITY INFRAS takes out the full calculated possible swing range there will be an estimated 11.57% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹2.65 (0.38%) than the support at ₹2.62 (0.76%), 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 SRI HAVISHA HOSPITALITY INFRAS 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 SRI HAVISHA HOSPITALITY INFRAS stock to perform well in the short-term.

Current score: 1.311 Buy Candidate Unchanged

Predicted Opening Price for SRI HAVISHA HOSPITALITY INFRAS of Wednesday, May 22, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.