Keerthi Industries Limited Stock Forecast
Keerthi Industries Limited stock upgraded from Strong Sell Candidate to Sell Candidate after Tuesday trading session.
(Updated on Apr 30, 2024)
The Keerthi Industries Limited stock price fell by -2.49% on the last day (Tuesday, 30th Apr 2024) from ₹118.25 to ₹115.30. During the last trading day the stock fluctuated 2.56% from a day low at ₹115.30 to a day high of ₹118.25. The price has fallen in 6 of the last 10 days and is down by -12.29% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -4 thousand shares and in total, 10 shares were bought and sold for approximately ₹1.15 thousand.
The stock lies in the middle of a very 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 -17.34% during the next 3 months and, with a 90% probability hold a price between ₹76.91 and ₹104.87 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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KEERTHI.BO Signals & Forecast
There are few to no technical positive signals at the moment. The Keerthi Industries 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 ₹119.49 and ₹120.69. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -12.29%. 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 fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Keerthi Industries Limited stock
Keerthi Industries Limited finds support from accumulated volume at ₹111.65 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved ₹2.95 between high and low, or 2.56%. For the last week the stock has had daily average volatility of 6.29%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KEERTHI.BO) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Keerthi Industries Limited to open at ₹116.28, and during the day (based on 14 day Average True Range), to move between ₹106.94 and ₹123.66, which gives a possible trading interval of +/-₹8.36 (+/-7.25%) up or down from last closing price. If Keerthi Industries Limited takes out the full calculated possible swing range there will be an estimated 14.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹118.25 (2.56%) than the support at ₹111.65 (3.17%), 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 Keerthi Industries Limited stock A Buy?
Keerthi Industries 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -2.997 Sell Candidate Upgraded
Predicted Opening Price for Keerthi Industries Limited of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| ₹116.28 ( 0.85%) | ₹115.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KEERTHI.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 119.23 | 3.41 % | |
| R2 | 118.11 | 2.43 % | ||
| R1 | 117.41 | 1.83 % | ||
| Current price: | 115.30 | |||
| Support | S1 | 115.16 | -0.125 % | |
| S2 | 114.46 | -0.728 % | ||
| S3 | 113.33 | -1.71 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 125.25 | 8.63 % | |
| R2 | 119.30 | 3.47 % | ||
| R1 | 118.25 | 2.56 % | ||
| Current price | 115.30 | |||
| Support | S1 | 111.65 | -3.17% | |
| S2 | 110.00 | -4.60% | ||
| S3 | 106.35 | -7.76% |
KEERTHI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 15, 2022 | Sep 15, 2022 | Oct 19, 2022 | ₹1.50 | 1.09% |
| 2 | Sep 14, 2021 | Sep 14, 2021 | Oct 18, 2021 | ₹1.50 | 0.96% |
| 3 | Sep 16, 2020 | Sep 16, 2020 | Oct 25, 2020 | ₹0.90 | 2.25% |
| 4 | Jul 29, 2019 | Jul 29, 2019 | Aug 08, 2019 | ₹0.90 | 2.16% |
| 5 | Sep 19, 2018 | Sep 19, 2018 | Oct 29, 2018 | ₹0.90 | 1.38% |
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