Himatsingka Seide Limited Stock Forecast
Green day on Wednesday for Himatsingka Seide Limited stock after gaining 2.72%
(Updated on Apr 24, 2024)
The Himatsingka Seide Limited stock price gained 2.72% on the last trading day (Wednesday, 24th Apr 2024), rising from ₹136.15 to ₹139.85. It has now gained 3 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 2.66% from a day low at ₹137.35 to a day high of ₹141.00. The price has been going up and down for this period, and there has been a -0.71% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 161 thousand more shares were traded than the day before. In total, 255 thousand shares were bought and sold for approximately ₹35.72 million.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is ₹138.27, a level that may pose a second chance to hit a runner. According to fan-theory ₹174.06 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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HIMATSEIDE.NS Signals & Forecast
The Himatsingka Seide 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 ₹135.36 and ₹133.62. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -3.62%. 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).
Support, Risk & Stop-loss for Himatsingka Seide Limited stock
Himatsingka Seide Limited finds support from accumulated volume at ₹135.40 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₹3.65 between high and low, or 2.66%. For the last week, the stock has had daily average volatility of 2.38%.
Our recommended stop-loss: ₹133.28 (-4.70%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (HIMATSEIDE.NS) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Himatsingka Seide Limited to open at ₹139.40, and during the day (based on 14 day Average True Range), to move between ₹134.85 and ₹144.85, which gives a possible trading interval of +/-₹5.00 (+/-3.57%) up or down from last closing price. If Himatsingka Seide Limited takes out the full calculated possible swing range there will be an estimated 7.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹135.40 (3.18%) than the resistance at ₹154.75 (10.65%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Himatsingka Seide Limited stock A Buy?
Himatsingka Seide 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: 0.097 Hold/Accumulate Unchanged
Predicted Opening Price for Himatsingka Seide Limited of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| ₹139.40 ( 0.322%) | ₹139.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HIMATSEIDE.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 143.05 | 2.29 % | |
| R2 | 141.66 | 1.29 % | ||
| R1 | 140.79 | 0.675 % | ||
| Current price: | 139.85 | |||
| Support | S1 | 138.01 | -1.32 % | |
| S2 | 137.14 | -1.93 % | ||
| S3 | 135.75 | -2.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 171.85 | 22.88 % | |
| R2 | 164.20 | 17.41 % | ||
| R1 | 154.75 | 10.65 % | ||
| Current price | 139.85 | |||
| Support | S1 | 135.40 | -3.18% | |
| S2 | 121.30 | -13.26% | ||
| S3 | 117.85 | -15.73% |
HIMATSEIDE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 20, 2022 | Sep 20, 2022 | Sep 20, 2022 | ₹0.500 | 0.507% |
| 2 | Aug 18, 2021 | Aug 18, 2021 | Aug 18, 2021 | ₹0.500 | 0.182% |
| 3 | Sep 18, 2020 | Sep 18, 2020 | Sep 18, 2020 | ₹0.500 | 0.551% |
| 4 | May 28, 2019 | Sep 13, 2019 | Oct 23, 2019 | ₹1.50 | 0.96% |
| 5 | May 25, 2018 | Sep 12, 2018 | Oct 21, 2018 | ₹2.50 | 1.06% |
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