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RSI low/high Values: [ 25 - 75 ]
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AI Analysis of INDIAHOME.BO
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India Home Loan Limited stock downgraded to Sell Candidate
(Updated on May 08, 2024)

Sell candidate since May 08, 2024 PDF

The India Home Loan Limited stock price gained 1.86% on the last trading day (Wednesday, 8th May 2024), rising from ₹32.30 to ₹32.90. During the last trading day the stock fluctuated 3.04% from a day low at ₹32.20 to a day high of ₹33.18. The price has been going up and down for this period, and there has been a -2.05% 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, 2 thousand more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately ₹77.15 thousand.

The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at ₹33.46 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -10.75% during the next 3 months and, with a 90% probability hold a price between ₹24.43 and ₹29.86 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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INDIAHOME.BO Signals & Forecast

The India Home Loan 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 ₹32.86 and ₹32.43. A breakdown below any of these levels will issue sell signals. India Home Loan Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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 12, 2024, and so far it has fallen -4.94%. 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 India Home Loan Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at ₹30.94 and ₹29.94. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, India Home Loan Limited finds support just below today's level at ₹30.94. If this is broken, then the next support from accumulated volume will be at ₹29.94 and ₹29.74.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ₹0.98 between high and low, or 3.04%. For the last week the stock has had daily average volatility of 3.91%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (INDIAHOME.BO) For The Upcoming Trading Day Of Thursday 9th

For the upcoming trading day on Thursday, 9th we expect India Home Loan Limited to open at ₹32.76, and during the day (based on 14 day Average True Range), to move between ₹31.21 and ₹34.59, which gives a possible trading interval of +/-₹1.69 (+/-5.14%) up or down from last closing price. If India Home Loan Limited takes out the full calculated possible swing range there will be an estimated 10.28% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹33.56 (2.01%) than the support at ₹30.94 (5.96%), 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 India Home Loan Limited stock A Buy?

India Home Loan Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.414 Sell Candidate Downgraded

Predicted Opening Price for India Home Loan Limited of Thursday, May 9, 2024

Fair opening price May 9, 2024 Current price
₹32.76 ( 0.426%) ₹32.90

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

Trading levels for INDIAHOME.BO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 33.74 2.55 %
R2 33.37 1.42 %
R1 33.13 0.712 %
Current price: 32.90
Support S1 32.39 -1.56 %
S2 32.15 -2.27 %
S3 31.78 -3.40 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 37.50 13.98 %
R2 37.19 13.04 %
R1 33.56 2.01 %
Current price 32.90
Support S1 30.94 -5.96%
S2 29.94 -9.00%
S3 29.74 -9.60%

INDIAHOME Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Sep 21, 2021 Sep 21, 2021 Oct 29, 2021 ₹0.100 0%
2 Sep 17, 2020 Sep 17, 2020 Oct 25, 2020 ₹0.150 0%
3 Sep 05, 2019 Sep 05, 2019 Oct 13, 2019 ₹0.200 0%
4 Aug 21, 2018 Aug 21, 2018 Sep 30, 2018 ₹0.200 0%
5 Aug 09, 2017 Aug 09, 2017 Sep 16, 2017 ₹0.100 0%

FAQ

What is the symbol for India Home Loan Limited Stock and on which exchange is it traded?
The symbol for India Home Loan Limited is INDIAHOME.BO and it is traded on the XBOM (Bombay Stock Exchange).

Should I buy or sell India Home Loan Limited Stock?
India Home Loan Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy India Home Loan Limited Stock?
India Home Loan 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 India Home Loan Limited Stock.

What's the current price of India Home Loan Limited Stock?
As of the end of day on the May 08, 2024, the price of an India Home Loan Limited (INDIAHOME.BO) share was ₹32.90.

What is the 52-week high and low for India Home Loan Limited Stock?
The 52-week high for India Home Loan Limited Stock is ₹423.00 and the 52-week low is ₹257.00.

What is the market capitalization of India Home Loan Limited Stock?
As of the May 08, 2024, the market capitalization of India Home Loan Limited is 453.082M.
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