IntraSoft Technologies Limited Stock Forecast
IntraSoft Technologies Limited stock price up 1.49% on Friday
(Updated on Apr 26, 2024)
The IntraSoft Technologies Limited stock price gained 1.49% on the last trading day (Friday, 26th Apr 2024), rising from ₹134.40 to ₹136.40. During the last trading day the stock fluctuated 2.92% from a day low at ₹133.45 to a day high of ₹137.35. The price has been going up and down for this period, and there has been a 12.45% gain for the last 2 weeks. Volume fell on the last day by -37 thousand shares and in total, 97 thousand shares were bought and sold for approximately ₹13.21 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 the upper part of a very 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 ₹144.06 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 -27.16% during the next 3 months and, with a 90% probability hold a price between ₹66.57 and ₹104.93 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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ISFT.NS Signals & Forecast
The IntraSoft Technologies 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 ₹133.36 and ₹126.42. A breakdown below any of these levels will issue sell signals. 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. 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 Tuesday, April 23, 2024, and so far it has fallen -7.05%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for IntraSoft Technologies Limited stock
IntraSoft Technologies Limited finds support from accumulated volume at ₹136.10 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 ₹3.90 between high and low, or 2.92%. For the last week, the stock has had daily average volatility of 8.69%.
Our recommended stop-loss: ₹129.12 (-5.34%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (ISFT.NS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect IntraSoft Technologies Limited to open at ₹135.73, and during the day (based on 14 day Average True Range), to move between ₹127.76 and ₹145.04, which gives a possible trading interval of +/-₹8.64 (+/-6.34%) up or down from last closing price. If IntraSoft Technologies Limited takes out the full calculated possible swing range there will be an estimated 12.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹136.10 (0.22%) than the resistance at ₹140.40 (2.93%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is IntraSoft Technologies Limited stock A Buy?
IntraSoft Technologies 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: -0.468 Hold/Accumulate Unchanged
Predicted Opening Price for IntraSoft Technologies Limited of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| ₹135.73 ( 0.489%) | ₹136.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ISFT.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 139.63 | 2.37 % | |
| R2 | 138.14 | 1.28 % | ||
| R1 | 137.22 | 0.603 % | ||
| Current price: | 136.40 | |||
| Support | S1 | 134.24 | -1.58 % | |
| S2 | 133.32 | -2.26 % | ||
| S3 | 131.83 | -3.35 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 169.65 | 24.38 % | |
| R2 | 146.75 | 7.59 % | ||
| R1 | 140.40 | 2.93 % | ||
| Current price | 136.40 | |||
| Support | S1 | 136.10 | -0.220% | |
| S2 | 134.40 | -1.47% | ||
| S3 | 109.30 | -19.87% |
ISFT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 05, 2022 | Sep 05, 2022 | Sep 05, 2022 | ₹1.00 | 0.612% |
| 2 | Sep 20, 2021 | Sep 20, 2021 | Sep 20, 2021 | ₹1.00 | 0.780% |
| 3 | Oct 21, 2020 | Oct 21, 2020 | Oct 21, 2020 | ₹1.00 | 1.19% |
| 4 | May 28, 2019 | Aug 30, 2019 | Oct 10, 2019 | ₹2.00 | 2.28% |
| 5 | May 28, 2018 | Sep 04, 2018 | Oct 12, 2018 | ₹2.00 | 1.22% |
FAQ
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