Leading Leasing Finance And Investment Stock Forecast

Volatile ride for Leading Leasing Finance And Investment stock price on Tuesday moving between ₹1.93 and ₹2.21
(Updated on Apr 16, 2024)

LLFICL.BO Signals & Forecast

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. The Leading Leasing Finance And Investment stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₹2.21 and ₹2.17. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -9.48%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".

Support, Risk & Stop-loss for Leading Leasing Finance And Investment stock

On the downside, the stock finds support just below today's level from accumulated volume at ₹1.98 and ₹1.89. 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, Leading Leasing Finance And Investment finds support just below today's level at ₹1.98. If this is broken, then the next support from accumulated volume will be at ₹1.89 and ₹1.87.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved ₹0.280 between high and low, or 14.51%. For the last week the stock has had daily average volatility of 7.39%.

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

Trading Expectations (LLFICL.BO) For The Upcoming Trading Day Of Thursday 18th

For the upcoming trading day on Thursday, 18th we expect Leading Leasing Finance And Investment Company Limited to open at ₹2.08, and during the day (based on 14 day Average True Range), to move between ₹1.92 and ₹2.28, which gives a possible trading interval of +/-₹0.184 (+/-8.74%) up or down from last closing price. If Leading Leasing Finance And Investment Company Limited takes out the full calculated possible swing range there will be an estimated 17.48% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹2.16 (2.86%) than the support at ₹1.98 (5.71%), 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 Leading Leasing Finance And Investment Company Limited stock A Buy?

Leading Leasing Finance And Investment 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: -5.158 Strong Sell Candidate Unchanged

Predicted Opening Price for Leading Leasing Finance And Investment Company Limited of Thursday, April 18, 2024

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