Indsil Hydro Power and Manganese Limited Stock Forecast
Red day on Friday for Indsil Hydro Power and Manganese Limited
(Updated on May 31, 2024)
The Indsil Hydro Power and Manganese Limited stock price fell by -1.86% on the last day (Friday, 31st May 2024) from ₹52.19 to ₹51.22. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 4.28% from a day low at ₹50.25 to a day high of ₹52.40. The price has fallen in 6 of the last 10 days and is down by -3.58% for this period. 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 -25 thousand shares and in total, 18 thousand shares were bought and sold for approximately ₹936.61 thousand.
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 16.70% during the next 3 months and, with a 90% probability hold a price between ₹56.61 and ₹70.98 at the end of this 3-month period.
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INDSILHYD.BO Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Indsil Hydro Power and Manganese Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₹54.86 and ₹52.86. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -14.03%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Indsil Hydro Power and Manganese Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹45.02 and ₹44.55. 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, Indsil Hydro Power and Manganese Limited finds support just below today's level at ₹45.02. If this is broken, then the next support from accumulated volume will be at ₹44.55 and ₹42.13.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved ₹2.15 between high and low, or 4.28%. For the last week the stock has had daily average volatility of 6.55%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (INDSILHYD.BO) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Indsil Hydro Power and Manganese Limited to open at ₹51.29, and during the day (based on 14 day Average True Range), to move between ₹47.99 and ₹54.45, which gives a possible trading interval of +/-₹3.23 (+/-6.30%) up or down from last closing price. If Indsil Hydro Power and Manganese Limited takes out the full calculated possible swing range there will be an estimated 12.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹52.54 (2.58%) than the support at ₹45.02 (12.10%), 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 Indsil Hydro Power and Manganese Limited stock A Buy?
The Indsil Hydro Power and Manganese Limited stock holds several negative signals and despite the positive trend, we believe Indsil Hydro Power and Manganese Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.689 Sell Candidate Unchanged
Predicted Opening Price for Indsil Hydro Power and Manganese Limited of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| ₹51.29 ( 0.137%) | ₹51.22 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INDSILHYD.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 53.44 | 4.33 % | |
| R2 | 52.62 | 2.73 % | ||
| R1 | 52.11 | 1.74 % | ||
| Current price: | 51.22 | |||
| Support | S1 | 50.47 | -1.47 % | |
| S2 | 49.96 | -2.46 % | ||
| S3 | 49.14 | -4.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 59.58 | 16.32 % | |
| R2 | 54.44 | 6.29 % | ||
| R1 | 52.54 | 2.58 % | ||
| Current price | 51.22 | |||
| Support | S1 | 45.02 | -12.10% | |
| S2 | 44.55 | -13.02% | ||
| S3 | 42.13 | -17.75% |
INDSILHYD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 18, 2018 | Sep 18, 2018 | Oct 20, 2018 | ₹0.700 | 0.99% |
| 2 | Dec 13, 2017 | Dec 13, 2017 | Jan 20, 2018 | ₹0.80 | 0.418% |
| 3 | Sep 06, 2016 | Sep 06, 2016 | Sep 06, 2016 | ₹0.600 | 1.88% |
| 4 | Dec 08, 2015 | Dec 08, 2015 | Dec 08, 2015 | ₹1.20 | 2.96% |
| 5 | Dec 12, 2014 | Dec 12, 2014 | Dec 12, 2014 | ₹1.20 | 2.65% |
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