RSI low/high Values: [ 25 - 75 ]
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AI Analysis of HMVL.BO
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Weaker technical forecast for Hindustan Media Ventures Limited as stock downgraded to Hold/Accumulate.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 26, 2024 Loss -2.44% PDF

The Hindustan Media Ventures Limited stock price fell by -4.25% on the last day (Thursday, 28th Mar 2024) from ₹112.85 to ₹108.05. During the last trading day the stock fluctuated 9.74% from a day low at ₹105.75 to a day high of ₹116.05. The price has been going up and down for this period, and there has been a 22.71% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -102 thousand shares and in total, 32 thousand shares were bought and sold for approximately ₹3.44 million.

The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.63% during the next 3 months and, with a 90% probability hold a price between ₹90.47 and ₹127.03 at the end of this 3-month period.

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HMVL.BO Signals & Forecast

The Hindustan Media Ventures Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₹98.90 and ₹104.26. 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 Wednesday, March 27, 2024, and so far it has fallen -4.25%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Hindustan Media Ventures Limited stock

Hindustan Media Ventures Limited finds support from accumulated volume at ₹105.23 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 ₹10.30 between high and low, or 9.74%. For the last week, the stock has had daily average volatility of 10.13%.

Our recommended stop-loss: ₹102.07 (-5.54%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (HMVL.BO) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Hindustan Media Ventures Limited to open at ₹109.95, and during the day (based on 14 day Average True Range), to move between ₹100.40 and ₹115.70, which gives a possible trading interval of +/-₹7.65 (+/-7.08%) up or down from last closing price. If Hindustan Media Ventures Limited takes out the full calculated possible swing range there will be an estimated 14.15% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹105.23 (2.61%) than the resistance at ₹113.95 (5.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Hindustan Media Ventures Limited stock A Buy?

Hindustan Media Ventures 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.252 Hold/Accumulate Downgraded

Predicted Opening Price for Hindustan Media Ventures Limited of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
₹109.95 ( 1.76%) ₹108.05

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

Trading levels for HMVL.BO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 120.25 11.29 %
R2 116.32 7.65 %
R1 113.88 5.40 %
Current price: 108.05
Support S1 106.02 -1.88 %
S2 103.58 -4.13 %
S3 99.65 -7.77 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 122.60 13.47 %
R2 115.60 6.99 %
R1 113.95 5.46 %
Current price 108.05
Support S1 105.23 -2.61%
S2 101.41 -6.15%
S3 97.50 -9.76%

FAQ

What is the symbol for Hindustan Media Ventures Limited Stock and on which exchange is it traded?
The symbol for Hindustan Media Ventures Limited is HMVL.BO and it is traded on the XBOM (Bombay Stock Exchange).

Should I buy or sell Hindustan Media Ventures Limited Stock?
Hindustan Media Ventures 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Hindustan Media Ventures Limited Stock?
Hindustan Media Ventures Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Hindustan Media Ventures Limited Stock.

What's the current price of Hindustan Media Ventures Limited Stock?
As of the end of day on the 2024-03-28, the price of an Hindustan Media Ventures Limited (HMVL.BO) share was ₹108.05.

What is the 52-week high and low for Hindustan Media Ventures Limited Stock?
The 52-week high for Hindustan Media Ventures Limited Stock is ₹128.00 and the 52-week low is ₹41.00.

When is the next earnings date for Hindustan Media Ventures Limited?
The upcoming earnings date for Hindustan Media Ventures Limited is May 14, 2024.
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