H.G. Infra Engineering Limited Stock Forecast
Stronger technical forecast for H.G. Infra Engineering Limited stock price after Friday trading.
(Updated on May 17, 2024)
The H.G. Infra Engineering Limited stock price gained 1.41% on the last trading day (Friday, 17th May 2024), rising from ₹1,374.90 to ₹1,394.30. During the last trading day the stock fluctuated 4.60% from a day low at ₹1,362.95 to a day high of ₹1,425.65. The price has risen in 6 of the last 10 days and is up by 16.75% over the past 2 weeks. Volume fell on the last day by -36 thousand shares and in total, 16 thousand shares were bought and sold for approximately ₹22.91 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at ₹1,289.04, a level that may pose a second chance to hit a runner. According to fan-theory ₹1,410.06 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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HGINFRA.BO Signals & Forecast
Mostly positive signals in the chart today. The H.G. Infra Engineering 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 ₹1,289.21 and ₹1,116.35. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 09, 2024, and so far it has risen 22.21%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Wednesday, March 27, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Wednesday, March 27, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A buy signal from a double bottom formation was found on Wednesday, March 13, 2024 with a target of ₹959.20. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for H.G. Infra Engineering Limited stock
H.G. Infra Engineering Limited finds support from accumulated volume at ₹1,379.95 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹62.70 between high and low, or 4.60%. For the last week, the stock has had daily average volatility of 6.46%.
Our recommended stop-loss: ₹1,351.36 (-3.08%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (HGINFRA.BO) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect H.G. Infra Engineering Limited to open at ₹1,394.30, and during the day (based on 14 day Average True Range), to move between ₹1,330.28 and ₹1,458.32, which gives a possible trading interval of +/-₹64.02 (+/-4.59%) up or down from last closing price. If H.G. Infra Engineering Limited takes out the full calculated possible swing range there will be an estimated 9.18% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₹1,379.95, some ₹14.35 (1.03%) from the current price of ₹1,394.30, our system finds the risk reward attractive.
Is H.G. Infra Engineering Limited stock A Buy?
Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for H.G. Infra Engineering Limited stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.683 Strong Buy Candidate Upgraded
Predicted Opening Price for H.G. Infra Engineering Limited of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| ₹1,394.30 ( 0.00000000%) | ₹1,394.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HGINFRA.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,457.00 | 4.50 % | |
| R2 | 1,433.05 | 2.78 % | ||
| R1 | 1,418.25 | 1.72 % | ||
| Current price: | 1,394.30 | |||
| Support | S1 | 1,370.35 | -1.72 % | |
| S2 | 1,355.55 | -2.78 % | ||
| S3 | 1,331.60 | -4.50 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 1,394.30 | |||
| Support | S1 | 1,379.95 | -1.03% | |
| S2 | 1,176.90 | -15.59% | ||
| S3 | 1,060.30 | -23.95% |
HGINFRA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 14, 2024 | Aug 14, 2024 | Sep 20, 2024 | ₹1.50 | 0.108% |
| 2 | Aug 14, 2023 | Aug 14, 2023 | Sep 19, 2023 | ₹1.25 | 0.128% |
| 3 | Jul 21, 2022 | Jul 21, 2022 | Sep 01, 2022 | ₹1.00 | 0.168% |
FAQ
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