Kirloskar Industries Limited Stock Forecast
Kirloskar Industries Limited stock price ended at ₹5,068.75 on Thursday, after losing 2.13%.
(Updated on May 02, 2024)
The Kirloskar Industries Limited stock price fell by -2.13% on the last day (Thursday, 2nd May 2024) from ₹5,179.25 to ₹5,068.75. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 5.66% from a day low at ₹5,000.00 to a day high of ₹5,282.85. The price has fallen in 6 of the last 10 days but is still up by 18.98% over the past 2 weeks. Volume has increased on the last day by 237 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 thousand shares were bought and sold for approximately ₹5.07 million.
The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ₹5,246.69 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 12.06% during the next 3 months and, with a 90% probability hold a price between ₹4,658.75 and ₹5,879.34 at the end of this 3-month period.
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KIRLOSIND.BO Signals & Forecast
The Kirloskar Industries 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 ₹4,875.84 and ₹4,292.48. 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 Friday, April 26, 2024, and so far it has fallen -2.83%. Further fall is indicated until a new bottom pivot has been found. 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 Kirloskar Industries Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹4,177.30 and ₹4,064.50. 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 Industries Limited finds support just below today's level at ₹4,177.30. If this is broken, then the next support from accumulated volume will be at ₹4,064.50 and ₹3,969.15.
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 ₹282.85 between high and low, or 5.66%. For the last week, the stock has had daily average volatility of 6.49%.
Our recommended stop-loss: ₹4,892.22 (-3.48%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (KIRLOSIND.BO) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Kirloskar Industries Limited to open at ₹5,117.20, and during the day (based on 14 day Average True Range), to move between ₹4,869.73 and ₹5,267.77, which gives a possible trading interval of +/-₹199.02 (+/-3.93%) up or down from last closing price. If Kirloskar Industries Limited takes out the full calculated possible swing range there will be an estimated 7.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹5,179.25 (2.18%) than the support at ₹4,177.30 (17.59%), 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 Kirloskar Industries 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 Kirloskar Industries Limited stock to perform well in the short-term.
Current score: 2.918 Buy Candidate Unchanged
Predicted Opening Price for Kirloskar Industries Limited of Friday, May 3, 2024
Fair opening price May 3, 2024 | Current price |
---|---|
₹5,117.20 ( 0.96%) | ₹5,068.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KIRLOSIND.BO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5,400.05 | 6.54 % | |
R2 | 5,292.00 | 4.40 % | ||
R1 | 5,225.25 | 3.09 % | ||
Current price: | 5,068.75 | |||
Support | S1 | 5,009.15 | -1.18 % | |
S2 | 4,942.40 | -2.49 % | ||
S3 | 4,834.35 | -4.62 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5,216.45 | 2.91 % | |
R2 | 5,216.15 | 2.91 % | ||
R1 | 5,179.25 | 2.18 % | ||
Current price | 5,068.75 | |||
Support | S1 | 4,177.30 | -17.59% | |
S2 | 4,064.50 | -19.81% | ||
S3 | 3,969.15 | -21.69% |
KIRLOSIND Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Aug 04, 2023 | Aug 04, 2023 | Sep 11, 2023 | ₹11.00 | 0.318% |
2 | Feb 17, 2023 | Feb 17, 2023 | Feb 17, 2023 | ₹2.50 | 0.122% |
3 | Aug 18, 2017 | Aug 18, 2017 | Sep 11, 2017 | ₹20.00 | 1.29% |
4 | Mar 21, 2016 | Mar 21, 2016 | Mar 21, 2016 | ₹20.00 | 3.26% |
5 | Aug 19, 2015 | Aug 19, 2015 | Aug 19, 2015 | ₹20.00 | 2.92% |
FAQ
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