Lahoti Overseas Limited Stock Forecast

Green day on Friday for Lahoti Overseas Limited stock after gaining 0.0213%
(Updated on May 03, 2024)

LAHOTIOV.BO Signals & Forecast

Lahoti Overseas Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Lahoti Overseas Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₹47.73 and ₹47.78. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -9.23%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Lahoti Overseas Limited stock

Lahoti Overseas Limited finds support from accumulated volume at ₹46.01 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 ₹1.73 between high and low, or 3.72%. For the last week, the stock has had daily average volatility of 3.88%.

Lahoti Overseas Limited is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (LAHOTIOV.BO) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Lahoti Overseas Limited to open at ₹47.25, and during the day (based on 14 day Average True Range), to move between ₹44.45 and ₹49.51, which gives a possible trading interval of +/-₹2.53 (+/-5.38%) up or down from last closing price. If Lahoti Overseas Limited takes out the full calculated possible swing range there will be an estimated 10.77% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹46.01 (2.06%) than the resistance at ₹49.73 (5.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Lahoti Overseas Limited stock A Buy?

Lahoti Overseas Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -2.007 Sell Candidate Unchanged

Predicted Opening Price for Lahoti Overseas Limited of Monday, May 6, 2024

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