Igarashi Motors India Limited Stock Forecast
Igarashi Motors India Limited stock price up 1.11% on Friday
(Updated on May 17, 2024)
The Igarashi Motors India Limited stock price gained 1.11% on the last trading day (Friday, 17th May 2024), rising from ₹517.80 to ₹523.55. During the last trading day the stock fluctuated 2.75% from a day low at ₹517.75 to a day high of ₹532.00. The price has been going up and down for this period, and there has been a 0.06% gain for the last 2 weeks. Volume fell on the last day by -16 thousand shares and in total, 34 thousand shares were bought and sold for approximately ₹17.82 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 lies in the middle of a very wide and strong 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 11.67% during the next 3 months and, with a 90% probability hold a price between ₹496.71 and ₹650.71 at the end of this 3-month period.
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IGARASHI.NS Signals & Forecast
The Igarashi Motors India 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 ₹512.38 and ₹488.27. 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 7.01%. Further rise is indicated until a new top pivot has been found. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Igarashi Motors India Limited stock
Igarashi Motors India Limited finds support from accumulated volume at ₹516.00 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 ₹14.25 between high and low, or 2.75%. For the last week, the stock has had daily average volatility of 3.76%.
Our recommended stop-loss: ₹503.57 (-3.82%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (IGARASHI.NS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Igarashi Motors India Limited to open at ₹524.43, and during the day (based on 14 day Average True Range), to move between ₹501.71 and ₹545.39, which gives a possible trading interval of +/-₹21.84 (+/-4.17%) up or down from last closing price. If Igarashi Motors India Limited takes out the full calculated possible swing range there will be an estimated 8.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹526.00 (0.47%) than the support at ₹516.00 (1.44%), 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.
Earnings coming up
Igarashi Motors India Limited will release earnings BMO on Thursday, May 23, 2024. We will update the financials statements for Igarashi Motors India Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.02% in the first trading day after earnings release.
Is Igarashi Motors India Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Igarashi Motors India Limited stock to perform well in the short-term.
Current score: 1.928 Buy Candidate Unchanged
Predicted Opening Price for Igarashi Motors India Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₹524.43 ( 0.169%) | ₹523.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IGARASHI.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 538.68 | 2.89 % | |
| R2 | 533.24 | 1.85 % | ||
| R1 | 529.88 | 1.21 % | ||
| Current price: | 523.55 | |||
| Support | S1 | 518.99 | -0.87 % | |
| S2 | 515.63 | -1.51 % | ||
| S3 | 510.18 | -2.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 568.50 | 8.59 % | |
| R2 | 540.80 | 3.29 % | ||
| R1 | 526.00 | 0.468 % | ||
| Current price | 523.55 | |||
| Support | S1 | 516.00 | -1.44% | |
| S2 | 500.40 | -4.42% | ||
| S3 | 472.75 | -9.70% |
IGARASHI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 31, 2023 | Jul 31, 2023 | Jul 31, 2023 | ₹1.00 | 0.187% |
| 2 | Jul 29, 2021 | Jul 29, 2021 | Jul 29, 2021 | ₹1.50 | 0.286% |
| 3 | Sep 09, 2020 | Sep 09, 2020 | Sep 09, 2020 | ₹1.20 | 0.403% |
| 4 | May 16, 2019 | Sep 19, 2019 | Oct 07, 2019 | ₹4.90 | 2.45% |
| 5 | Jul 30, 2019 | Jul 30, 2019 | Jul 30, 2019 | ₹4.90 | 2.52% |
FAQ
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