HAZOOR MULTI PROJECTS LTD. Stock Forecast
Red day on Monday for HAZOOR MULTI PROJECTS LTD.
(Updated on May 27, 2024)
The HAZOOR MULTI PROJECTS LTD. stock price fell by -3.55% on the last day (Monday, 27th May 2024) from ₹357.35 to ₹344.65. During the last trading day the stock fluctuated 5.57% from a day low at ₹340.00 to a day high of ₹358.95. The price has been going up and down for this period, and there has been a -1.5% loss for the last 2 weeks. Volume has increased on the last day by 22 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 74 thousand shares were bought and sold for approximately ₹25.40 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect HAZOOR MULTI PROJECTS LTD. stock with a 90% probability to be traded between ₹293.71 and ₹411.43 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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HAZOOR.BO Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The HAZOOR MULTI PROJECTS LTD. 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 ₹355.76 and ₹368.59. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -14.91%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for HAZOOR MULTI PROJECTS LTD. stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹307.90 and ₹295.75. 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, HAZOOR MULTI PROJECTS LTD. finds support just below today's level at ₹307.90. If this is broken, then the next support from accumulated volume will be at ₹295.75 and ₹288.00.
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 ₹18.95 between high and low, or 5.57%. For the last week, the stock has had daily average volatility of 4.88%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HAZOOR.BO) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect HAZOOR MULTI PROJECTS LTD. to open at ₹347.87, and during the day (based on 14 day Average True Range), to move between ₹332.68 and ₹356.62, which gives a possible trading interval of +/-₹11.97 (+/-3.47%) up or down from last closing price. If HAZOOR MULTI PROJECTS LTD. takes out the full calculated possible swing range there will be an estimated 6.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹367.45 (6.62%) than the support at ₹307.90 (10.66%), 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 HAZOOR MULTI PROJECTS LTD. stock A Buy?
HAZOOR MULTI PROJECTS LTD. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.975 Sell Candidate Unchanged
Predicted Opening Price for HAZOOR MULTI PROJECTS LTD. of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| ₹347.87 ( 0.93%) | ₹344.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HAZOOR.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 366.82 | 6.43 % | |
| R2 | 359.58 | 4.33 % | ||
| R1 | 355.11 | 3.03 % | ||
| Current price: | 344.65 | |||
| Support | S1 | 340.63 | -1.17 % | |
| S2 | 336.16 | -2.46 % | ||
| S3 | 328.92 | -4.57 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 405.05 | 17.53 % | |
| R2 | 385.80 | 11.94 % | ||
| R1 | 367.45 | 6.62 % | ||
| Current price | 344.65 | |||
| Support | S1 | 307.90 | -10.66% | |
| S2 | 295.75 | -14.19% | ||
| S3 | 288.00 | -16.44% |
HAZOOR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 25, 2023 | Aug 25, 2023 | Sep 08, 2023 | ₹3.00 | 2.20% |
FAQ
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