Kolte-Patil Developers Limited Stock Forecast
Kolte-Patil Developers Limited stock price ended at ₹520.90 on Friday, after gaining 1.44%.
(Updated on May 17, 2024)
The Kolte-Patil Developers Limited stock price gained 1.44% on the last trading day (Friday, 17th May 2024), rising from ₹513.50 to ₹520.90. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.75% from a day low at ₹515.95 to a day high of ₹525.00. The price has risen in 6 of the last 10 days but is still down by -3.88% for this period. Volume fell on the last day by -2 thousand shares and in total, 4 thousand shares were bought and sold for approximately ₹2.28 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.
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 13.46% during the next 3 months and, with a 90% probability hold a price between ₹528.46 and ₹665.54 at the end of this 3-month period.
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KOLTEPATIL.BO Signals & Forecast
The Kolte-Patil Developers Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₹501.15 and ₹511.11. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 10, 2024, and so far it has risen 7.00%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Kolte-Patil Developers Limited stock
Kolte-Patil Developers Limited finds support from accumulated volume at ₹517.05 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₹9.05 between high and low, or 1.75%. For the last week, the stock has had daily average volatility of 2.52%.
Our recommended stop-loss: ₹501.73 (-3.68%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (KOLTEPATIL.BO) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Kolte-Patil Developers Limited to open at ₹520.62, and during the day (based on 14 day Average True Range), to move between ₹501.10 and ₹540.70, which gives a possible trading interval of +/-₹19.80 (+/-3.80%) up or down from last closing price. If Kolte-Patil Developers Limited takes out the full calculated possible swing range there will be an estimated 7.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹517.05 (0.74%) than the resistance at ₹542.05 (4.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Kolte-Patil Developers Limited will release earnings BMO on Thursday, May 23, 2024. We will update the financials statements for Kolte-Patil Developers Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.87% in the first trading day after earnings release.
Is Kolte-Patil Developers Limited stock A Buy?
Kolte-Patil Developers Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.351 Hold/Accumulate Unchanged
Predicted Opening Price for Kolte-Patil Developers Limited of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| ₹520.62 ( 0.0544%) | ₹520.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KOLTEPATIL.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 529.67 | 1.68 % | |
| R2 | 526.21 | 1.02 % | ||
| R1 | 524.07 | 0.609 % | ||
| Current price: | 520.90 | |||
| Support | S1 | 517.16 | -0.718 % | |
| S2 | 515.02 | -1.13 % | ||
| S3 | 511.57 | -1.79 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 558.50 | 7.22 % | |
| R2 | 547.90 | 5.18 % | ||
| R1 | 542.05 | 4.06 % | ||
| Current price | 520.90 | |||
| Support | S1 | 517.05 | -0.739% | |
| S2 | 487.25 | -6.46% | ||
| S3 | 415.70 | -20.20% |
KOLTEPATIL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 11, 2023 | Aug 11, 2023 | Sep 18, 2023 | ₹4.00 | 0.90% |
| 2 | Aug 04, 2022 | Aug 04, 2022 | Aug 22, 2022 | ₹2.00 | 0.739% |
| 3 | Sep 08, 2016 | Sep 08, 2016 | Sep 08, 2016 | ₹1.50 | 1.18% |
| 4 | Sep 08, 2015 | Sep 08, 2015 | Sep 08, 2015 | ₹2.00 | 1.26% |
| 5 | Sep 04, 2014 | Sep 04, 2014 | Sep 04, 2014 | ₹1.60 | 0.90% |
FAQ
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