Maharashtra Scooters Ltd. Stock Forecast
Maharashtra Scooters Ltd. stock price up 0.347% on Friday
(Updated on May 03, 2024)
The Maharashtra Scooters Ltd. stock price gained 0.347% on the last trading day (Friday, 3rd May 2024), rising from ₹7,771.15 to ₹7,798.15. During the last trading day the stock fluctuated 3.07% from a day low at ₹7,751.00 to a day high of ₹7,988.95. The price has fallen in 5 of the last 10 days but is still up by 4.03% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 6 thousand shares were bought and sold for approximately ₹48.91 million.
The stock lies in the middle of a wide and weak 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 3.23% during the next 3 months and, with a 90% probability hold a price between ₹7,159.44 and ₹8,384.20 at the end of this 3-month period.
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MAHSCOOTER.NS Signals & Forecast
The Maharashtra Scooters Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₹7,855.10. On a fall, the stock will find some support from the long-term average at approximately ₹7,441.49. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume is rising along with the price. This is considered to be a good technical signal. 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 Wednesday, April 24, 2024, and so far it has fallen -3.64%. 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 Maharashtra Scooters Ltd. stock
Maharashtra Scooters Ltd. finds support from accumulated volume at ₹7,612.10 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 ₹237.95 between high and low, or 3.07%. For the last week, the stock has had daily average volatility of 2.18%.
Our recommended stop-loss: ₹7,424.98 (-4.79%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (MAHSCOOTER.NS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Maharashtra Scooters Ltd. to open at ₹7,846.03, and during the day (based on 14 day Average True Range), to move between ₹7,576.04 and ₹8,020.26, which gives a possible trading interval of +/-₹222.11 (+/-2.85%) up or down from last closing price. If Maharashtra Scooters Ltd. takes out the full calculated possible swing range there will be an estimated 5.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹7,905.00 (1.37%) than the support at ₹7,612.10 (2.39%), 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 Maharashtra Scooters Ltd. stock A Buy?
Maharashtra Scooters Ltd. 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: -0.008 Hold/Accumulate Unchanged
Predicted Opening Price for Maharashtra Scooters Ltd. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ₹7,846.03 ( 0.614%) | ₹7,798.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MAHSCOOTER.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8,083.98 | 3.67 % | |
| R2 | 7,993.09 | 2.50 % | ||
| R1 | 7,936.93 | 1.78 % | ||
| Current price: | 7,798.15 | |||
| Support | S1 | 7,755.14 | -0.552 % | |
| S2 | 7,698.98 | -1.27 % | ||
| S3 | 7,608.08 | -2.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8,092.40 | 3.77 % | |
| R2 | 7,955.85 | 2.02 % | ||
| R1 | 7,905.00 | 1.37 % | ||
| Current price | 7,798.15 | |||
| Support | S1 | 7,612.10 | -2.39% | |
| S2 | 7,590.00 | -2.67% | ||
| S3 | 7,518.60 | -3.58% |
MAHSCOOTER Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2024 | Jun 28, 2024 | Jul 27, 2024 | ₹60.00 | 0.769% |
| 2 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | ₹110.00 | 1.47% |
| 3 | Jun 30, 2023 | Jun 30, 2023 | Jun 30, 2023 | ₹60.00 | 1.09% |
| 4 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | ₹60.00 | 1.10% |
| 5 | Sep 22, 2022 | Sep 22, 2022 | Sep 22, 2022 | ₹100.00 | 1.93% |
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