Kirloskar Brothers Limited Stock Forecast
Stronger technical forecast for Kirloskar Brothers Limited stock price after Tuesday trading.
(Updated on Jul 02, 2024)
The Kirloskar Brothers Limited stock price gained 2.89% on the last trading day (Tuesday, 2nd Jul 2024), rising from ₹2,234.60 to ₹2,299.20. During the last trading day the stock fluctuated 5.33% from a day low at ₹2,259.45 to a day high of ₹2,379.95. The price has been going up and down for this period, and there has been a 5.61% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 82 thousand more shares were traded than the day before. In total, 246 thousand shares were bought and sold for approximately ₹564.89 million.
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 88.70% during the next 3 months and, with a 90% probability hold a price between ₹3,561.52 and ₹4,641.42 at the end of this 3-month period.
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KIRLOSBROS.NS Signals & Forecast
Mostly positive signals in the chart today. The Kirloskar Brothers 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 ₹2,193.99 and ₹1,883.54. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 05, 2024, and so far it has risen 48.17%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Kirloskar Brothers Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹1,977.85 and ₹1,862.90. 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, Kirloskar Brothers Limited finds support just below today's level at ₹1,977.85. If this is broken, then the next support from accumulated volume will be at ₹1,862.90 and ₹1,849.25.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹120.50 between high and low, or 5.33%. For the last week, the stock has had daily average volatility of 6.12%.
Our recommended stop-loss: ₹2,218.73 (-3.50%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 32 days ago.)
Trading Expectations (KIRLOSBROS.NS) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Kirloskar Brothers Limited to open at ₹2,312.87, and during the day (based on 14 day Average True Range), to move between ₹2,172.67 and ₹2,425.73, which gives a possible trading interval of +/-₹126.53 (+/-5.50%) up or down from last closing price. If Kirloskar Brothers Limited takes out the full calculated possible swing range there will be an estimated 11.01% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₹1,977.85, some ₹321.35 (13.98%) from the current price of ₹2,299.20, our system finds the risk reward attractive.
Is Kirloskar Brothers Limited stock A Buy?
Kirloskar Brothers Limited holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 7.385 Strong Buy Candidate Upgraded
Predicted Opening Price for Kirloskar Brothers Limited of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
₹2,312.87 ( 0.594%) | ₹2,299.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KIRLOSBROS.NS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 2,433.37 | 5.84% |
R2 | 2,387.34 | 3.83% |
R1 | 2,358.90 | 2.60% |
Price | 2,299.20 | |
S1 | 2,266.84 | -1.41% |
S2 | 2,238.40 | -2.64% |
S3 | 2,192.37 | -4.65% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 0 | - |
Price | 2,299.20 | |
S1 | 1,977.85 | -13.98% |
S2 | 1,862.90 | -18.98% |
S3 | 1,849.25 | -19.57% |
KIRLOSBROS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 26, 2024 | Jul 26, 2024 | Aug 31, 2024 | ₹6.00 | 0.261% |
2 | Jul 25, 2023 | Jul 25, 2023 | Jul 25, 2023 | ₹4.50 | 0.621% |
3 | Aug 02, 2022 | Aug 02, 2022 | Aug 02, 2022 | ₹3.00 | 0.85% |
4 | Aug 26, 2021 | Aug 26, 2021 | Aug 26, 2021 | ₹3.00 | 0.791% |
5 | Sep 17, 2020 | Sep 17, 2020 | Sep 17, 2020 | ₹0.500 | 0.432% |
FAQ
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