Khazanchi Jewellers Limited Stock Forecast

Khazanchi Jewellers Limited stock price ended at ₹402.00 on Friday, after losing 0.310%.
(Updated on Jun 28, 2024)

KHAZANCHI.BO Signals & Forecast

There are few to no technical positive signals at the moment. The Khazanchi Jewellers Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₹408.45 and ₹406.04. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 07, 2024, and so far it has fallen -3.46%. 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 Khazanchi Jewellers Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at ₹366.20 and ₹345.35. 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, Khazanchi Jewellers Limited finds support just below today's level at ₹366.20. If this is broken, then the next support from accumulated volume will be at ₹345.35 and ₹336.00.

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 ₹6.95 between high and low, or 1.74%. For the last week the stock has had daily average volatility of 2.05%.

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

Trading Expectations (KHAZANCHI.BO) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Khazanchi Jewellers Limited to open at ₹403.02, and during the day (based on 14 day Average True Range), to move between ₹392.39 and ₹411.61, which gives a possible trading interval of +/-₹9.61 (+/-2.39%) up or down from last closing price. If Khazanchi Jewellers Limited takes out the full calculated possible swing range there will be an estimated 4.78% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹409.00 (1.74%) than the support at ₹366.20 (8.91%), 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 Khazanchi Jewellers Limited stock A Buy?

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

Current score: -4.468 Sell Candidate Unchanged

Predicted Opening Price for Khazanchi Jewellers Limited of Monday, July 1, 2024

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