Kajaria Ceramics Limited Stock Forecast
Evaluation of Kajaria Ceramics Limited stock downgraded after the last trading session.
(Updated on May 03, 2024)
The Kajaria Ceramics Limited stock price fell by -0.98% on the last day (Friday, 3rd May 2024) from ₹1,196.05 to ₹1,184.30. During the last trading day the stock fluctuated 2.43% from a day low at ₹1,173.50 to a day high of ₹1,202.05. The price has fallen in 6 of the last 10 days and is down by -0.82% for this period. Volume has increased on the last day by 102 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 237 thousand shares were bought and sold for approximately ₹280.81 million.
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 -5.21% during the next 3 months and, with a 90% probability hold a price between ₹1,057.78 and ₹1,183.49 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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KAJARIACER.NS Signals & Forecast
There are few to no technical positive signals at the moment. The Kajaria Ceramics 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 ₹1,202.15 and ₹1,210.07. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -6.93%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Kajaria Ceramics Limited stock
Kajaria Ceramics Limited finds support from accumulated volume at ₹1,154.85 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ₹28.55 between high and low, or 2.43%. For the last week the stock has had daily average volatility of 1.65%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KAJARIACER.NS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Kajaria Ceramics Limited to open at ₹1,186.62, and during the day (based on 14 day Average True Range), to move between ₹1,154.29 and ₹1,214.31, which gives a possible trading interval of +/-₹30.01 (+/-2.53%) up or down from last closing price. If Kajaria Ceramics Limited takes out the full calculated possible swing range there will be an estimated 5.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹1,154.85 (2.49%) than the resistance at ₹1,218.70 (2.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Kajaria Ceramics Limited will release earnings BMO on Tuesday, May 07, 2024. We will update the financials statements for Kajaria Ceramics Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.02% in the first trading day after earnings release.
Is Kajaria Ceramics Limited stock A Buy?
Kajaria Ceramics Limited holds several negative signals and is within a 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.540 Sell Candidate Downgraded
Predicted Opening Price for Kajaria Ceramics Limited of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ₹1,186.62 ( 0.196%) | ₹1,184.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KAJARIACER.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,215.17 | 2.61 % | |
| R2 | 1,204.26 | 1.69 % | ||
| R1 | 1,197.52 | 1.12 % | ||
| Current price: | 1,184.30 | |||
| Support | S1 | 1,175.71 | -0.725 % | |
| S2 | 1,168.97 | -1.29 % | ||
| S3 | 1,158.07 | -2.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,234.45 | 4.23 % | |
| R2 | 1,226.90 | 3.60 % | ||
| R1 | 1,218.70 | 2.90 % | ||
| Current price | 1,184.30 | |||
| Support | S1 | 1,154.85 | -2.49% | |
| S2 | 1,146.90 | -3.16% | ||
| S3 | 1,145.65 | -3.26% |
KAJARIACER Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 02, 2023 | Nov 02, 2023 | Nov 02, 2023 | ₹0 | 0% |
| 2 | Feb 08, 2023 | Feb 08, 2023 | Feb 08, 2023 | ₹6.00 | 0.540% |
| 3 | Sep 15, 2022 | Sep 15, 2022 | Sep 15, 2022 | ₹3.00 | 0.241% |
| 4 | Nov 02, 2021 | Nov 02, 2021 | Nov 02, 2021 | ₹8.00 | 0.660% |
| 5 | Feb 02, 2021 | Feb 02, 2021 | Feb 02, 2021 | ₹10.00 | 1.20% |
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