HCL Infosystems Limited Stock Forecast
Green day on Tuesday for HCL Infosystems Limited
(Updated on Jun 25, 2024)
The HCL Infosystems Limited stock price gained 0.0584% on the last trading day (Tuesday, 25th Jun 2024), rising from ₹17.13 to ₹17.14. During the last trading day the stock fluctuated 5.52% from a day low at ₹17.04 to a day high of ₹17.98. The price has fallen in 7 of the last 10 days and is down by -0.35% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 59 thousand more shares were traded than the day before. In total, 223 thousand shares were bought and sold for approximately ₹3.83 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -11.13% during the next 3 months and, with a 90% probability hold a price between ₹13.08 and ₹15.97 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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HCL-INSYS.NS Signals & Forecast
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. The HCL Infosystems Limited 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 ₹17.38 and ₹17.39. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen -3.98%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for HCL Infosystems Limited stock
HCL Infosystems Limited finds support from accumulated volume at ₹17.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ₹0.94 (5.52%) between high and low. For the last week, the stock has had daily average volatility of 3.20%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HCL-INSYS.NS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect HCL Infosystems Limited to open at ₹17.39, and during the day (based on 14 day Average True Range), to move between ₹16.44 and ₹17.84, which gives a possible trading interval of +/-₹0.704 (+/-4.11%) up or down from last closing price. If HCL Infosystems Limited takes out the full calculated possible swing range there will be an estimated 8.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹17.10 (0.23%) than the resistance at ₹17.50 (2.10%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is HCL Infosystems Limited stock A Buy?
HCL Infosystems Limited holds several negative signals and is within a 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: -1.503 Sell Candidate Unchanged
Predicted Opening Price for HCL Infosystems Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₹17.39 ( 1.44%) | ₹17.14 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HCL-INSYS.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 18.33 | 6.92% |
| R2 | 17.97 | 4.83% |
| R1 | 17.75 | 3.53% |
| Price | 17.14 | |
| S1 | 17.03 | -0.656% |
| S2 | 16.81 | -1.95% |
| S3 | 16.45 | -4.05% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.00 | 16.69% |
| R2 | 18.10 | 5.60% |
| R1 | 17.50 | 2.10% |
| Price | 17.14 | |
| S1 | 17.10 | -0.233% |
| S2 | 16.90 | -1.40% |
| S3 | 16.05 | -6.36% |
HCL-INSYS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 16, 2012 | May 03, 2012 | May 14, 2012 | ₹0.99 | 2.18% |
| 2 | Jan 23, 2012 | Feb 07, 2012 | Feb 14, 2012 | ₹0.99 | 2.18% |
| 3 | Oct 25, 2011 | Nov 09, 2011 | Nov 23, 2011 | ₹2.98 | 4.84% |
| 4 | Apr 19, 2011 | May 05, 2011 | May 28, 2011 | ₹1.99 | 1.91% |
| 5 | Jan 17, 2011 | Feb 04, 2011 | Feb 14, 2011 | ₹1.99 | 1.93% |
FAQ
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