Kavveri Telecom Products Limited Stock Forecast
Green day on Tuesday for Kavveri Telecom Products Limited
(Updated on Jun 18, 2024)
The Kavveri Telecom Products Limited stock price gained 1.99% on the last trading day (Tuesday, 18th Jun 2024), rising from ₹18.08 to ₹18.44. It has now gained 7 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 0% from a day low at ₹18.44 to a day high of ₹18.44. The price has risen in 8 of the last 10 days and is up by 28.95% over the past 2 weeks. Volume fell on the last day by -16 thousand shares and in total, 13 thousand shares were bought and sold for approximately ₹236.73 thousand. 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 in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 29.13% during the next 3 months and, with a 90% probability hold a price between ₹19.11 and ₹28.92 at the end of this 3-month period.
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KAVVERITEL.NS Signals & Forecast
The Kavveri Telecom Products 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 ₹16.74 and ₹16.65. 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). 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 Wednesday, May 08, 2024, and so far it has fallen -7.80%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Kavveri Telecom Products Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹17.45 and ₹16.30. 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, Kavveri Telecom Products Limited finds support just below today's level at ₹17.45. If this is broken, then the next support from accumulated volume will be at ₹16.30 and ₹15.00.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved ₹0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.0498%.
Since the Kavveri Telecom Products Limited has been rising for 7 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: ₹17.51 (-5.06%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 60 days ago.)
Trading Expectations (KAVVERITEL.NS) For The Upcoming Trading Day Of Wednesday 19th
For the upcoming trading day on Wednesday, 19th we expect Kavveri Telecom Products Limited to open at ₹18.44, and during the day (based on 14 day Average True Range), to move between ₹17.45 and ₹19.43, which gives a possible trading interval of +/-₹0.99 (+/-5.38%) up or down from last closing price. If Kavveri Telecom Products Limited takes out the full calculated possible swing range there will be an estimated 10.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹19.00 (3.04%) than the support at ₹17.45 (5.37%), 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 Kavveri Telecom Products Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Kavveri Telecom Products Limited stock to perform well in the short-term.
Current score: 1.542 Buy Candidate Unchanged
Predicted Opening Price for Kavveri Telecom Products Limited of Wednesday, June 19, 2024
| Fair opening price June 19, 2024 | Current price |
|---|---|
| ₹18.44 ( 0%) | ₹18.44 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KAVVERITEL.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 18.44 | - |
| R2 | 18.44 | - |
| R1 | 18.44 | - |
| Price | 18.44 | |
| S1 | 18.44 | - |
| S2 | 18.44 | - |
| S3 | 18.44 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.00 | 8.46% |
| R2 | 19.05 | 3.31% |
| R1 | 19.00 | 3.04% |
| Price | 18.44 | |
| S1 | 17.45 | -5.37% |
| S2 | 16.30 | -11.61% |
| S3 | 15.00 | -18.66% |
KAVVERITEL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 18, 2012 | Sep 18, 2012 | Sep 18, 2012 | ₹1.50 | 0.95% |
| 2 | Sep 15, 2011 | Sep 15, 2011 | Sep 15, 2011 | ₹1.50 | 1.13% |
| 3 | Sep 16, 2010 | Sep 16, 2010 | Sep 16, 2010 | ₹2.00 | 1.37% |
| 4 | Sep 16, 2009 | Sep 16, 2009 | Sep 16, 2009 | ₹1.00 | 1.75% |
| 5 | Sep 16, 2008 | Sep 16, 2008 | Sep 16, 2008 | ₹1.00 | 0.96% |
FAQ
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