Ce Info Systems Ltd. Stock Forecast
Ce Info Systems Ltd. stock price up 2.68% on Friday
(Updated on Jun 28, 2024)
The Ce Info Systems Ltd. stock price gained 2.68% on the last trading day (Friday, 28th Jun 2024), rising from ₹2,241.10 to ₹2,301.25. During the last trading day the stock fluctuated 6.44% from a day low at ₹2,203.00 to a day high of ₹2,344.90. The price has risen in 6 of the last 10 days and is up by 16.83% 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, 182 thousand more shares were traded than the day before. In total, 352 thousand shares were bought and sold for approximately ₹810.02 million.
The stock lies in the middle of a wide and strong 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 23.02% during the next 3 months and, with a 90% probability hold a price between ₹2,638.35 and ₹3,240.72 at the end of this 3-month period.
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MAPMYINDIA.NS Signals & Forecast
The Ce Info Systems 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 ₹2,368.61. On a fall, the stock will find some support from the long-term average at approximately ₹2,069.97. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Friday, June 21, 2024, and so far it has fallen -9.10%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Ce Info Systems Ltd. stock
Ce Info Systems Ltd. finds support from accumulated volume at ₹2,276.35 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹141.90 between high and low, or 6.44%. For the last week, the stock has had daily average volatility of 5.21%.
Our recommended stop-loss: ₹2,170.54 (-5.68%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (MAPMYINDIA.NS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ce Info Systems Ltd. to open at ₹2,283.05, and during the day (based on 14 day Average True Range), to move between ₹2,190.91 and ₹2,411.59, which gives a possible trading interval of +/-₹110.34 (+/-4.79%) up or down from last closing price. If Ce Info Systems Ltd. takes out the full calculated possible swing range there will be an estimated 9.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹2,276.35 (1.08%) than the resistance at ₹2,406.50 (4.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ce Info Systems Ltd. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Ce Info Systems Ltd. stock to perform well in the short-term.
Current score: 3.059 Buy Candidate Unchanged
Predicted Opening Price for Ce Info Systems Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₹2,283.05 ( 0.791%) | ₹2,301.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MAPMYINDIA.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,424.95 | 5.38% |
| R2 | 2,370.74 | 3.02% |
| R1 | 2,337.26 | 1.56% |
| Price | 2,301.25 | |
| S1 | 2,228.84 | -3.15% |
| S2 | 2,195.36 | -4.60% |
| S3 | 2,141.15 | -6.96% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,531.50 | 10.01% |
| R2 | 2,409.65 | 4.71% |
| R1 | 2,406.50 | 4.57% |
| Price | 2,301.25 | |
| S1 | 2,276.35 | -1.08% |
| S2 | 2,241.10 | -2.61% |
| S3 | 1,991.60 | -13.46% |
MAPMYINDIA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 25, 2023 | Aug 25, 2023 | Sep 30, 2023 | ₹3.00 | 0.150% |
| 2 | Feb 15, 2022 | Feb 15, 2022 | Mar 06, 2022 | ₹2.00 | 0.138% |
| 3 | Feb 11, 2022 | Feb 11, 2022 | Feb 11, 2022 | ₹2.00 | 0.136% |
FAQ
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