Inventure Growth & Securities Limited Stock Forecast
Inventure Growth & Securities Limited stock price up more than 8.89% on Monday
(Updated on May 27, 2024)
The Inventure Growth & Securities Limited stock price gained 8.89% on the last trading day (Monday, 27th May 2024), rising from ₹2.25 to ₹2.45. During the last trading day the stock fluctuated 6.52% from a day low at ₹2.30 to a day high of ₹2.45. The price has been going up and down for this period, and there has been a 8.89% gain 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, 3 million more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately ₹9.91 million.
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 ₹2.36, a level that may pose a second chance to hit a runner. According to fan-theory ₹2.90 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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INVENTURE.NS Signals & Forecast
Mostly positive signals in the chart today. The Inventure Growth & 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 ₹2.31 and ₹2.30. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, May 07, 2024, and so far it has risen 16.67%. 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 is rising along with the price. This is considered to be a good technical signal.
A buy signal from a double bottom formation was found on Tuesday, May 07, 2024 and based on theory for this formation the price should go up by 1.41% to ₹2.48 within 26 trading days since signal was issued (Tuesday, May 28, 2024).
Support, Risk & Stop-loss for Inventure Growth & Securities Limited stock
Inventure Growth & Securities Limited finds support from accumulated volume at ₹2.40 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 ₹0.150 between high and low, or 6.52%. For the last week, the stock has had daily average volatility of 4.41%.
The Inventure Growth & Securities Limited stock is extremely overbought on RSI14 (77). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: ₹2.37 (-3.46%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from a pivot bottom found 40 days ago.)
Trading Expectations (INVENTURE.NS) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Inventure Growth & Securities Limited to open at ₹2.40, and during the day (based on 14 day Average True Range), to move between ₹2.37 and ₹2.53, which gives a possible trading interval of +/-₹0.0818 (+/-3.34%) up or down from last closing price. If Inventure Growth & Securities Limited takes out the full calculated possible swing range there will be an estimated 6.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹2.40 (2.04%) than the resistance at ₹2.60 (6.12%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Inventure Growth & Securities Limited stock A Buy?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.441 Buy Candidate Upgraded
Predicted Opening Price for Inventure Growth & Securities Limited of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| ₹2.40 ( 2.04%) | ₹2.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INVENTURE.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.55 | 4.08 % | |
| R2 | 2.49 | 1.74 % | ||
| R1 | 2.46 | 0.298 % | ||
| Current price: | 2.45 | |||
| Support | S1 | 2.34 | -4.38 % | |
| S2 | 2.31 | -5.82 % | ||
| S3 | 2.25 | -8.16 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.85 | 16.33 % | |
| R2 | 2.80 | 14.29 % | ||
| R1 | 2.60 | 6.12 % | ||
| Current price | 2.45 | |||
| Support | S1 | 2.40 | -2.04% | |
| S2 | 2.35 | -4.08% | ||
| S3 | 2.30 | -6.12% |
INVENTURE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 24, 2019 | Sep 19, 2019 | Oct 03, 2019 | ₹0.0250 | 1.67% |
| 2 | Apr 04, 2012 | Apr 17, 2012 | May 04, 2012 | ₹0.0250 | 0.494% |
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