Lambodhara Textiles Limited Stock Forecast
Red day on Thursday for Lambodhara Textiles Limited
(Updated on May 23, 2024)
The Lambodhara Textiles Limited stock price fell by -0.370% on the last day (Thursday, 23rd May 2024) from ₹148.65 to ₹148.10. During the last trading day the stock fluctuated 6.12% from a day low at ₹147.00 to a day high of ₹156.00. The price has fallen in 5 of the last 10 days but is still up by 1.09% over the past 2 weeks. Volume has increased on the last day by 5 thousand 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, 20 thousand shares were bought and sold for approximately ₹2.99 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -6.76% during the next 3 months and, with a 90% probability hold a price between ₹120.77 and ₹155.24 at the end of this 3-month period.
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LAMBODHARA.NS Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, May 13, 2024, and so far it has risen 1.65%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Lambodhara Textiles 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 ₹148.98 and ₹153.54. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Lambodhara Textiles Limited stock
Lambodhara Textiles Limited finds support from accumulated volume at ₹147.65 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ₹9.00 (6.12%) between high and low. For the last week, the stock has had daily average volatility of 2.94%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LAMBODHARA.NS) For The Upcoming Trading Day Of Friday 24th
For the upcoming trading day on Friday, 24th we expect Lambodhara Textiles Limited to open at ₹150.37, and during the day (based on 14 day Average True Range), to move between ₹142.14 and ₹154.06, which gives a possible trading interval of +/-₹5.96 (+/-4.03%) up or down from last closing price. If Lambodhara Textiles Limited takes out the full calculated possible swing range there will be an estimated 8.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹147.65 (0.30%) than the resistance at ₹152.25 (2.80%), 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
Lambodhara Textiles Limited will release earnings BMO on Monday, May 27, 2024. We will update the financials statements for Lambodhara Textiles Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.92% in the first trading day after earnings release.
Is Lambodhara Textiles Limited stock A Buy?
Lambodhara Textiles 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: -2.757 Sell Candidate Unchanged
Predicted Opening Price for Lambodhara Textiles Limited of Friday, May 24, 2024
| Fair opening price May 24, 2024 | Current price |
|---|---|
| ₹150.37 ( 1.53%) | ₹148.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LAMBODHARA.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 159.37 | 7.61 % | |
| R2 | 155.93 | 5.29 % | ||
| R1 | 153.80 | 3.85 % | ||
| Current price: | 148.10 | |||
| Support | S1 | 146.93 | -0.791 % | |
| S2 | 144.80 | -2.23 % | ||
| S3 | 141.37 | -4.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 173.45 | 17.12 % | |
| R2 | 153.15 | 3.41 % | ||
| R1 | 152.25 | 2.80 % | ||
| Current price | 148.10 | |||
| Support | S1 | 147.65 | -0.304% | |
| S2 | 145.50 | -1.76% | ||
| S3 | 145.45 | -1.79% |
LAMBODHARA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | ₹1.50 | 1.60% |
| 2 | Sep 01, 2021 | Sep 01, 2021 | Sep 01, 2021 | ₹1.00 | 1.22% |
| 3 | Sep 18, 2020 | Sep 18, 2020 | Sep 18, 2020 | ₹0.500 | 1.67% |
| 4 | Sep 18, 2019 | Sep 18, 2019 | Sep 18, 2019 | ₹1.00 | 3.07% |
| 5 | May 30, 2018 | Sep 11, 2018 | Oct 20, 2018 | ₹1.00 | 2.47% |
FAQ
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