Nandani Creation Limited Stock Forecast

Nandani Creation Limited stock price ended at ₹46.47 on Friday, after losing 2.07%.
(Updated on Jun 28, 2024)

JAIPURKURT.NS 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 Nandani Creation Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₹48.94 and ₹49.45. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -10.03%. Further fall is indicated until a new bottom pivot has been found. Nandani Creation Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Buy

Special Signal Notification

Double Bottom Formation

A buy signal from a double bottom formation was found on Thursday, June 06, 2024 and based on theory for this formation the price should go up by 31.48% to ₹61.10 within 18 trading days since signal was issued (Wednesday, July 03, 2024).

Support, Risk & Stop-loss for Nandani Creation Limited stock

Nandani Creation Limited finds support from accumulated volume at ₹46.25 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 ₹3.40 between high and low, or 7.46%. For the last week, the stock has had daily average volatility of 6.91%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (JAIPURKURT.NS) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Nandani Creation Limited to open at ₹47.02, and during the day (based on 14 day Average True Range), to move between ₹44.67 and ₹48.27, which gives a possible trading interval of +/-₹1.80 (+/-3.88%) up or down from last closing price. If Nandani Creation Limited takes out the full calculated possible swing range there will be an estimated 7.77% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹46.57 (0.22%) than the support at ₹46.25 (0.47%), 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 Nandani Creation Limited stock A Buy?

Nandani Creation Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -1.614 Sell Candidate Unchanged

Predicted Opening Price for Nandani Creation Limited of Monday, July 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.