Inani Securities Limited Stock Forecast
Inani Securities Limited stock price ended at ₹38.40 on Friday, after gaining 2.40%.
(Updated on May 17, 2024)
The Inani Securities Limited stock price gained 2.40% on the last trading day (Friday, 17th May 2024), rising from ₹37.50 to ₹38.40. During the last trading day the stock fluctuated 9.40% from a day low at ₹35.63 to a day high of ₹38.98. The price has risen in 6 of the last 10 days and is up by 1.56% over the past 2 weeks. Volume fell on the last day by -1 thousand shares and in total, 331 shares were bought and sold for approximately ₹12.71 thousand. 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 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 38.51% during the next 3 months and, with a 90% probability hold a price between ₹46.28 and ₹56.93 at the end of this 3-month period.
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INANISEC.BO Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen -2.29%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The Inani Securities 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 ₹37.79 and ₹33.47. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Inani Securities Limited stock
Inani Securities Limited finds support from accumulated volume at ₹37.81 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved ₹3.35 between high and low, or 9.40%. For the last week the stock has had daily average volatility of 7.62%.
Our recommended stop-loss: ₹36.95 (-3.76%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (INANISEC.BO) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Inani Securities Limited to open at ₹37.67, and during the day (based on 14 day Average True Range), to move between ₹35.27 and ₹41.53, which gives a possible trading interval of +/-₹3.13 (+/-8.15%) up or down from last closing price. If Inani Securities Limited takes out the full calculated possible swing range there will be an estimated 16.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹38.81 (1.07%) than the support at ₹37.81 (1.54%), 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.
Is Inani Securities 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 Inani Securities Limited stock to perform well in the short-term.
Current score: 1.415 Buy Candidate Unchanged
Predicted Opening Price for Inani Securities Limited of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| ₹37.67 ( 1.90%) | ₹38.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INANISEC.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 41.02 | 6.82 % | |
| R2 | 39.74 | 3.49 % | ||
| R1 | 38.95 | 1.43 % | ||
| Current price: | 38.40 | |||
| Support | S1 | 36.39 | -5.23 % | |
| S2 | 35.60 | -7.29 % | ||
| S3 | 34.32 | -10.63 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 39.30 | 2.34 % | |
| R2 | 38.98 | 1.51 % | ||
| R1 | 38.81 | 1.07 % | ||
| Current price | 38.40 | |||
| Support | S1 | 37.81 | -1.54% | |
| S2 | 37.56 | -2.19% | ||
| S3 | 32.83 | -14.51% |
INANISEC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 24, 2008 | Sep 24, 2008 | Sep 24, 2008 | ₹1.00 | 4.67% |
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