Kalyani Investment Company Limited Stock Forecast

Kalyani Investment Company Limited stock upgraded to Strong Buy Candidate.
(Updated on Jul 02, 2024)

KICL.NS Signals & Forecast

Mostly positive signals in the chart today. The Kalyani Investment Company 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 ₹6,107.74 and ₹4,753.95. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 61.31%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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.

Support, Risk & Stop-loss for Kalyani Investment Company Limited stock

Kalyani Investment Company Limited finds support from accumulated volume at ₹6,298.45 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ₹350.60 between high and low, or 5.57%. For the last week, the stock has had daily average volatility of 6.57%.

The Kalyani Investment Company Limited stock is extremely overbought on RSI14 (90). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: ₹6,359.72 (-2.70%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 90 and this increases the risk substantially. There is a buy signal from a pivot bottom found 25 days ago.)

Trading Expectations (KICL.NS) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Kalyani Investment Company Limited to open at ₹6,491.87, and during the day (based on 14 day Average True Range), to move between ₹6,215.08 and ₹6,857.32, which gives a possible trading interval of +/-₹321.12 (+/-4.91%) up or down from last closing price. If Kalyani Investment Company Limited takes out the full calculated possible swing range there will be an estimated 9.83% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ ₹6,298.45, some ₹237.75 (3.64%) from the current price of ₹6,536.20, our system finds the risk reward attractive.

Is Kalyani Investment Company Limited stock A Buy?

Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Kalyani Investment Company Limited stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.

Current score: 6.594 Strong Buy Candidate Upgraded

Predicted Opening Price for Kalyani Investment Company Limited of Wednesday, July 3, 2024

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