Kakatiya Cement Sugar and Industries Ltd Stock Forecast
Kakatiya Cement Sugar and Industries Ltd stock upgraded to Hold/Accumulate.
(Updated on May 17, 2024)
The Kakatiya Cement Sugar and Industries Ltd stock price gained 0.743% on the last trading day (Friday, 17th May 2024), rising from ₹215.20 to ₹216.80. During the last trading day the stock fluctuated 4.94% from a day low at ₹209.55 to a day high of ₹219.90. The price has fallen in 6 of the last 10 days and is down by -1.23% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 thousand more shares were traded than the day before. In total, 11 thousand shares were bought and sold for approximately ₹2.38 million.
The stock lies the upper part of a 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 ₹224.05 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 -2.12% during the next 3 months and, with a 90% probability hold a price between ₹180.67 and ₹219.30 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
KAKATCEM.NS Signals & Forecast
The Kakatiya Cement Sugar and Industries Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₹211.35 and ₹215.88. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Friday, April 05, 2024, and so far it has fallen -4.24%. 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).
Support, Risk & Stop-loss for Kakatiya Cement Sugar and Industries Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹200.50 and ₹198.90. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Kakatiya Cement Sugar and Industries Ltd finds support just below today's level at ₹200.50. If this is broken, then the next support from accumulated volume will be at ₹198.90 and ₹188.15.
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 ₹10.35 (4.94%) between high and low. For the last week, the stock has had daily average volatility of 3.59%.
Our recommended stop-loss: ₹206.00 (-4.98%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 29 days ago.)
Trading Expectations (KAKATCEM.NS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Kakatiya Cement Sugar and Industries Limited to open at ₹215.42, and during the day (based on 14 day Average True Range), to move between ₹209.95 and ₹223.65, which gives a possible trading interval of +/-₹6.85 (+/-3.16%) up or down from last closing price. If Kakatiya Cement Sugar and Industries Limited takes out the full calculated possible swing range there will be an estimated 6.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹226.40 (4.43%) than the support at ₹200.50 (7.52%), 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.
Earnings coming up
Kakatiya Cement Sugar and Industries Limited will release earnings BMO on Monday, May 20, 2024. We will update the financials statements for Kakatiya Cement Sugar and Industries Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.89% in the first trading day after earnings release.
Is Kakatiya Cement Sugar and Industries Limited stock A Buy?
Kakatiya Cement Sugar and Industries Ltd 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.028 Hold/Accumulate Upgraded
Predicted Opening Price for Kakatiya Cement Sugar and Industries Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₹215.42 ( 0.638%) | ₹216.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KAKATCEM.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 225.77 | 4.14 % | |
| R2 | 221.81 | 2.31 % | ||
| R1 | 219.37 | 1.19 % | ||
| Current price: | 216.80 | |||
| Support | S1 | 211.46 | -2.46 % | |
| S2 | 209.02 | -3.59 % | ||
| S3 | 205.07 | -5.41 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 227.00 | 4.70 % | |
| R2 | 226.65 | 4.54 % | ||
| R1 | 226.40 | 4.43 % | ||
| Current price | 216.80 | |||
| Support | S1 | 200.50 | -7.52% | |
| S2 | 198.90 | -8.26% | ||
| S3 | 188.15 | -13.21% |
KAKATCEM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 18, 2023 | Sep 18, 2023 | Sep 18, 2023 | ₹3.00 | 1.33% |
| 2 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | ₹3.00 | 1.45% |
| 3 | Aug 25, 2021 | Aug 25, 2021 | Aug 25, 2021 | ₹3.00 | 1.21% |
| 4 | Sep 01, 2020 | Sep 01, 2020 | Sep 01, 2020 | ₹3.00 | 1.94% |
| 5 | Jul 03, 2019 | Jul 03, 2019 | Jul 03, 2019 | ₹3.00 | 1.60% |
FAQ
Click here for our free guide on how to buy Kakatiya Cement Sugar and Industries Limited Stock.
