Marsons Limited Stock Forecast
Green day on Friday for Marsons Limited stock after gaining 1.99%
(Updated on May 17, 2024)
The Marsons Limited stock price gained 1.99% on the last trading day (Friday, 17th May 2024), rising from ₹62.43 to ₹63.67. It has now gained 10 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 0% from a day low at ₹63.67 to a day high of ₹63.67. The price has risen in 10 of the last 10 days and is up by 21.79% 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, 946 more shares were traded than the day before. In total, 14 thousand shares were bought and sold for approximately ₹879.03 thousand.
The stock has broken the strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at ₹59.83, a level that may pose a second chance to hit a runner. According to fan-theory ₹64.81 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
MARSONS.BO Signals & Forecast
Mostly positive signals in the chart today. The Marsons Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₹60.06 and ₹46.66. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 02, 2024, and so far it has risen 80.47%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Marsons Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Marsons Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹54.38 and ₹52.28. 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, Marsons Limited finds support just below today's level at ₹54.38. If this is broken, then the next support from accumulated volume will be at ₹52.28 and ₹51.26.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ₹0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 0%.
Since the Marsons Limited has been rising for 10 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: ₹61.12 (-4.00%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 29 days ago.)
Trading Expectations (MARSONS.BO) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Marsons Limited to open at ₹63.67, and during the day (based on 14 day Average True Range), to move between ₹62.65 and ₹64.69, which gives a possible trading interval of +/-₹1.02 (+/-1.61%) up or down from last closing price. If Marsons Limited takes out the full calculated possible swing range there will be an estimated 3.22% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₹54.38, some ₹9.29 (14.59%) from the current price of ₹63.67, our system finds the risk reward attractive.
Is Marsons Limited stock A Buy?
Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Marsons Limited stock to perform well in the short-term period.
Current score: 6.938 Strong Buy Candidate Unchanged
Predicted Opening Price for Marsons Limited of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| ₹63.67 ( 0.00000000%) | ₹63.67 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MARSONS.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 63.67 | 0.00000000 % | |
| R2 | 63.67 | 0.00000000 % | ||
| R1 | 63.67 | 0.00000000 % | ||
| Current price: | 63.67 | |||
| Support | S1 | 63.67 | 0.00000000 % | |
| S2 | 63.67 | 0.00000000 % | ||
| S3 | 63.67 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 63.67 | |||
| Support | S1 | 54.38 | -14.59% | |
| S2 | 52.28 | -17.89% | ||
| S3 | 51.26 | -19.49% |
MARSONS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 06, 2012 | Dec 06, 2012 | Dec 06, 2012 | ₹0.500 | 1.47% |
| 2 | Sep 21, 2011 | Sep 21, 2011 | Sep 21, 2011 | ₹2.50 | 3.38% |
| 3 | Sep 21, 2010 | Sep 21, 2010 | Sep 21, 2010 | ₹2.00 | 2.84% |
FAQ
Click here for our free guide on how to buy Marsons Limited Stock.
