ICICI Securities Limited Stock Forecast
ICICI Securities Limited stock price up 0.315% on Wednesday
(Updated on May 15, 2024)
The ICICI Securities Limited stock price gained 0.315% on the last trading day (Wednesday, 15th May 2024), rising from ₹729.70 to ₹732.00. During the last trading day the stock fluctuated 0.96% from a day low at ₹727.00 to a day high of ₹733.95. The price has fallen in 6 of the last 10 days and is down by -3.21% for this period. Volume fell on the last day by -87 thousand shares and in total, 203 thousand shares were bought and sold for approximately ₹148.61 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 stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -10.29% during the next 3 months and, with a 90% probability hold a price between ₹605.87 and ₹684.91 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ISEC.NS Signals & Forecast
The ICICI 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 ₹731.71 and ₹731.22. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 4.04%. Further rise is indicated until a new top pivot has been found. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for ICICI Securities Limited stock
ICICI Securities Limited finds support from accumulated volume at ₹727.65 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ₹6.95 (0.96%) between high and low. For the last week, the stock has had daily average volatility of 1.74%.
Our recommended stop-loss: ₹691.75 (-5.50%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (ISEC.NS) For The Upcoming Trading Day Of Thursday 16th
For the upcoming trading day on Thursday, 16th we expect ICICI Securities Limited to open at ₹730.98, and during the day (based on 14 day Average True Range), to move between ₹717.88 and ₹746.12, which gives a possible trading interval of +/-₹14.12 (+/-1.93%) up or down from last closing price. If ICICI Securities Limited takes out the full calculated possible swing range there will be an estimated 3.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹727.65 (0.59%) than the resistance at ₹756.25 (3.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ICICI Securities Limited stock A Buy?
ICICI Securities Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.464 Hold/Accumulate Unchanged
Predicted Opening Price for ICICI Securities Limited of Thursday, May 16, 2024
| Fair opening price May 16, 2024 | Current price |
|---|---|
| ₹730.98 ( 0.139%) | ₹732.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ISEC.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 737.93 | 0.81 % | |
| R2 | 735.28 | 0.448 % | ||
| R1 | 733.64 | 0.224 % | ||
| Current price: | 732.00 | |||
| Support | S1 | 728.33 | -0.502 % | |
| S2 | 726.69 | -0.726 % | ||
| S3 | 724.03 | -1.09 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 761.55 | 4.04 % | |
| R2 | 759.65 | 3.78 % | ||
| R1 | 756.25 | 3.31 % | ||
| Current price | 732.00 | |||
| Support | S1 | 727.65 | -0.594% | |
| S2 | 724.20 | -1.07% | ||
| S3 | 710.65 | -2.92% |
ISEC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 26, 2024 | Apr 26, 2024 | May 18, 2024 | ₹17.00 | 2.32% |
| 2 | Oct 27, 2023 | Oct 27, 2023 | Oct 27, 2023 | ₹0 | 0% |
| 3 | Aug 22, 2023 | Aug 22, 2023 | Aug 22, 2023 | ₹9.25 | 1.49% |
| 4 | Oct 31, 2022 | Oct 31, 2022 | Oct 31, 2022 | ₹9.75 | 1.89% |
| 5 | Aug 18, 2022 | Aug 18, 2022 | Aug 18, 2022 | ₹12.75 | 2.41% |
FAQ
Click here for our free guide on how to buy ICICI Securities Limited Stock.
