Kisan Mouldings Limited Stock Forecast
Green day on Friday for Kisan Mouldings Limited
(Updated on May 03, 2024)
The Kisan Mouldings Limited stock price gained 1.48% on the last trading day (Friday, 3rd May 2024), rising from ₹91.64 to ₹93.00. It has now gained 10 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 0.505% from a day low at ₹93.00 to a day high of ₹93.47. The price has risen in 10 of the last 10 days and is up by 21.22% over the past 2 weeks. Volume fell on the last day by -496 thousand shares and in total, 2 million shares were bought and sold for approximately ₹143.18 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
Given the current short-term trend, the stock is expected to rise 365.53% during the next 3 months and, with a 90% probability hold a price between ₹406.36 and ₹432.95 at the end of this 3-month period.
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KISAN.BO Signals & Forecast
The Kisan Mouldings 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 ₹88.09 and ₹67.46. 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). 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. 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 Tuesday, November 30, -1. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Kisan Mouldings Limited stock
Kisan Mouldings Limited finds support from accumulated volume at ₹91.64 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 ₹0.470 between high and low, or 0.505%. For the last week, the stock has had daily average volatility of 0.101%.
Since the Kisan Mouldings Limited has been rising for 10 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: ₹4.65 (-5.00%) (Unable to calculate.)
Trading Expectations (KISAN.BO) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Kisan Mouldings Limited to open at ₹93.16, and during the day (based on 14 day Average True Range), to move between ₹91.47 and ₹94.53, which gives a possible trading interval of +/-₹1.53 (+/-1.64%) up or down from last closing price. If Kisan Mouldings Limited takes out the full calculated possible swing range there will be an estimated 3.29% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₹91.64, some ₹1.36 (1.46%) from the current price of ₹93.00, our system finds the risk reward attractive.
Is Kisan Mouldings Limited stock A Buy?
Kisan Mouldings 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.
Current score: 6.375 Strong Buy Candidate Unchanged
Predicted Opening Price for Kisan Mouldings Limited of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ₹93.16 ( 0.168%) | ₹93.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KISAN.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 93.63 | 0.674 % | |
| R2 | 93.45 | 0.481 % | ||
| R1 | 93.34 | 0.362 % | ||
| Current price: | 93.00 | |||
| Support | S1 | 92.98 | -0.0246 % | |
| S2 | 92.87 | -0.144 % | ||
| S3 | 92.69 | -0.337 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 93.00 | |||
| Support | S1 | 91.64 | -1.46% | |
| S2 | 81.40 | -12.47% | ||
| S3 | 73.75 | -20.70% |
KISAN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 23, 2014 | Sep 23, 2014 | Sep 23, 2014 | ₹0.500 | 2.31% |
| 2 | Sep 24, 2013 | Sep 24, 2013 | Sep 24, 2013 | ₹0.500 | 2.48% |
| 3 | Sep 25, 2012 | Sep 25, 2012 | Sep 25, 2012 | ₹0.600 | 3.16% |
| 4 | Sep 22, 2011 | Sep 22, 2011 | Sep 22, 2011 | ₹1.00 | 3.70% |
| 5 | Sep 23, 2010 | Sep 23, 2010 | Sep 23, 2010 | ₹1.20 | 2.34% |
FAQ
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