Maharashtra Seamless Limited Stock Forecast
Stronger technical forecast for Maharashtra Seamless Limited stock price after Tuesday trading.
(Updated on May 21, 2024)
The Maharashtra Seamless Limited stock price fell by -0.394% on the last day (Tuesday, 21st May 2024) from ₹812.15 to ₹808.95. During the last trading day the stock fluctuated 4.71% from a day low at ₹802.20 to a day high of ₹840.00. The price has fallen in 5 of the last 10 days and is down by -2.28% for this period. Volume has increased on the last day by 298 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, 298 thousand shares were bought and sold for approximately ₹241.03 million.
The stock lies in the middle of a 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 -12.07% during the next 3 months and, with a 90% probability hold a price between ₹629.15 and ₹758.54 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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MAHSEAMLES.NS Signals & Forecast
There are mixed signals in the stock today. The Maharashtra Seamless Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₹866.44. On a fall, the stock will find some support from the short-term average at ₹805.39. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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. A buy signal was issued from a pivot bottom point on Friday, May 10, 2024, and so far it has risen 1.75%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Maharashtra Seamless Limited stock
Maharashtra Seamless Limited finds support from accumulated volume at ₹807.80 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 ₹37.80 between high and low, or 4.71%. For the last week, the stock has had daily average volatility of 2.48%.
Maharashtra Seamless Limited is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: ₹767.06 (-5.18%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 20 which reduces the risk some. There is a buy signal from a pivot bottom found 32 days ago.)
Trading Expectations (MAHSEAMLES.NS) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect Maharashtra Seamless Limited to open at ₹817.05, and during the day (based on 14 day Average True Range), to move between ₹779.46 and ₹838.44, which gives a possible trading interval of +/-₹29.49 (+/-3.65%) up or down from last closing price. If Maharashtra Seamless Limited takes out the full calculated possible swing range there will be an estimated 7.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹807.80 (0.14%) than the resistance at ₹867.75 (7.27%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Maharashtra Seamless Limited stock A Buy?
Maharashtra Seamless 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Maharashtra Seamless Limited of Wednesday, May 22, 2024
Fair opening price May 22, 2024 | Current price |
---|---|
₹817.05 ( 1.00%) | ₹808.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MAHSEAMLES.NS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 854.85 | 5.67 % | |
R2 | 840.41 | 3.89 % | ||
R1 | 831.49 | 2.79 % | ||
Current price: | 808.95 | |||
Support | S1 | 802.61 | -0.784 % | |
S2 | 793.69 | -1.89 % | ||
S3 | 779.25 | -3.67 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 922.05 | 13.98 % | |
R2 | 896.90 | 10.87 % | ||
R1 | 867.75 | 7.27 % | ||
Current price | 808.95 | |||
Support | S1 | 807.80 | -0.142% | |
S2 | 799.95 | -1.11% | ||
S3 | 795.00 | -1.72% |
MAHSEAMLES Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 07, 2022 | Sep 07, 2022 | Sep 07, 2022 | ₹2.50 | 0.606% |
2 | Sep 14, 2021 | Sep 14, 2021 | Sep 14, 2021 | ₹1.75 | 1.11% |
3 | Sep 14, 2020 | Sep 14, 2020 | Sep 14, 2020 | ₹1.25 | 1.09% |
4 | May 29, 2019 | Sep 09, 2019 | Sep 27, 2019 | ₹3.00 | 1.54% |
5 | Sep 17, 2018 | Sep 17, 2018 | Sep 17, 2018 | ₹3.00 | 1.28% |
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