KAMA Holdings Limited Stock Forecast

Green day on Friday for KAMA Holdings Limited stock after gaining 1.44%
(Updated on May 17, 2024)

KAMAHOLD.BO Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, May 16, 2024, and so far it has risen 1.44%. 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. The KAMA Holdings 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 ₹2,514.35 and ₹2,657.02. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for KAMA Holdings Limited stock

KAMA Holdings Limited finds support from accumulated volume at ₹2,498.70 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 ₹40.00 between high and low, or 1.62%. For the last week, the stock has had daily average volatility of 2.37%.

KAMA Holdings Limited is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Trading Expectations (KAMAHOLD.BO) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect KAMA Holdings Limited to open at ₹2,499.58, and during the day (based on 14 day Average True Range), to move between ₹2,432.86 and ₹2,584.64, which gives a possible trading interval of +/-₹75.89 (+/-3.02%) up or down from last closing price. If KAMA Holdings Limited takes out the full calculated possible swing range there will be an estimated 6.05% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹2,498.70 (0.40%) than the resistance at ₹2,539.65 (1.23%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is KAMA Holdings Limited stock A Buy?

The KAMA Holdings Limited stock holds several negative signals and despite the positive trend, we believe KAMA Holdings Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -1.355 Sell Candidate Unchanged

Predicted Opening Price for KAMA Holdings Limited of Tuesday, May 21, 2024

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