Ind-Swift Laboratories Limited Stock Forecast
Ind-Swift Laboratories Limited stock upgraded from Buy Candidate to Strong Buy Candidate after Friday trading session.
(Updated on Jun 28, 2024)
The Ind-Swift Laboratories Limited stock price gained 2.07% on the last trading day (Friday, 28th Jun 2024), rising from ₹127.28 to ₹129.92. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 6.67% from a day low at ₹127.50 to a day high of ₹136.00. The price has risen in 6 of the last 10 days and is up by 9.04% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 1 million shares were bought and sold for approximately ₹171.42 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 stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is ₹127.27, a level that may pose a second chance to hit a runner. According to fan-theory ₹155.95 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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INDSWFTLAB.NS Signals & Forecast
Mostly positive signals in the chart today. The Ind-Swift Laboratories 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 ₹121.59 and ₹112.08. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 05, 2024, and so far it has risen 29.86%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for Ind-Swift Laboratories Limited stock
Ind-Swift Laboratories Limited finds support from accumulated volume at ₹128.25 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 ₹8.50 between high and low, or 6.67%. For the last week, the stock has had daily average volatility of 6.18%.
Our recommended stop-loss: ₹126.02 (-3.00%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 57 days ago.)
Trading Expectations (INDSWFTLAB.NS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ind-Swift Laboratories Limited to open at ₹131.14, and during the day (based on 14 day Average True Range), to move between ₹123.59 and ₹136.25, which gives a possible trading interval of +/-₹6.33 (+/-4.87%) up or down from last closing price. If Ind-Swift Laboratories Limited takes out the full calculated possible swing range there will be an estimated 9.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹129.95 (0.02%) than the support at ₹128.25 (1.29%), 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 Ind-Swift Laboratories Limited stock A Buy?
Ind-Swift Laboratories Limited holds several positive signals and the break up from the falling trend indicates a possible shift of trend as well. The trend doesn't have to go from falling to rising, it may as well go horizontal or even just decrease the earlier fall rate, but we find the risk-reward to be attractive and expect the stock to perform very well in the short term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.311 Strong Buy Candidate Upgraded
Predicted Opening Price for Ind-Swift Laboratories Limited of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
₹131.14 ( 0.94%) | ₹129.92 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INDSWFTLAB.NS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 139.64 | 7.48% |
R2 | 136.39 | 4.98% |
R1 | 134.39 | 3.44% |
Price | 129.92 | |
S1 | 127.89 | -1.56% |
S2 | 125.89 | -3.10% |
S3 | 122.64 | -5.60% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 132.45 | 1.95% |
R2 | 131.40 | 1.14% |
R1 | 129.95 | 0.0231% |
Price | 129.92 | |
S1 | 128.25 | -1.29% |
S2 | 110.90 | -14.64% |
S3 | 109.75 | -15.52% |
INDSWFTLAB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 25, 2011 | Sep 20, 2011 | Oct 26, 2011 | ₹1.00 | 1.18% |
2 | May 29, 2010 | Sep 16, 2010 | Oct 22, 2010 | ₹1.00 | 0.723% |
3 | Jun 29, 2009 | Sep 17, 2009 | Oct 24, 2009 | ₹1.00 | 1.47% |
4 | Jun 19, 2008 | Sep 18, 2008 | Nov 01, 2008 | ₹1.00 | 3.81% |
5 | Jul 30, 2007 | Sep 21, 2007 | Nov 01, 2007 | ₹1.00 | 1.88% |
FAQ
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