MBL Infrastructures Limited Stock Forecast
On Friday, MBL Infrastructures Limited stock price gained an impressive 6.29%
(Updated on Jun 28, 2024)
The MBL Infrastructures Limited stock price gained 6.29% on the last trading day (Friday, 28th Jun 2024), rising from ₹63.24 to ₹67.22. During the last trading day the stock fluctuated 6.04% from a day low at ₹65.02 to a day high of ₹68.95. The price has risen in 6 of the last 10 days and is up by 22.44% over the past 2 weeks. Volume fell on the last day by -720 thousand shares and in total, 609 thousand shares were bought and sold for approximately ₹40.93 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
Given the current horizontal trend, you can expect MBL Infrastructures Limited stock with a 90% probability to be traded between ₹38.47 and ₹66.42 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. 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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MBLINFRA.NS Signals & Forecast
Mostly positive signals in the chart today. The MBL Infrastructures 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 ₹60.87 and ₹49.16. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 71.70%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for MBL Infrastructures Limited stock
MBL Infrastructures Limited finds support from accumulated volume at ₹66.90 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 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 ₹3.93 between high and low, or 6.04%. For the last week, the stock has had daily average volatility of 12.27%.
The MBL Infrastructures Limited stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: ₹65.22 (-2.98%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 54 days ago.)
Trading Expectations (MBLINFRA.NS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect MBL Infrastructures Limited to open at ₹67.06, and during the day (based on 14 day Average True Range), to move between ₹62.20 and ₹72.24, which gives a possible trading interval of +/-₹5.02 (+/-7.46%) up or down from last closing price. If MBL Infrastructures Limited takes out the full calculated possible swing range there will be an estimated 14.92% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₹66.90, some ₹0.320 (0.48%) from the current price of ₹67.22, our system finds the risk reward attractive.
Is MBL Infrastructures Limited stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for MBL Infrastructures Limited stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.531 Buy Candidate Upgraded
Predicted Opening Price for MBL Infrastructures Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₹67.06 ( 0.233%) | ₹67.22 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MBLINFRA.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 70.99 | 5.61% |
| R2 | 69.49 | 3.38% |
| R1 | 68.56 | 2.00% |
| Price | 67.22 | |
| S1 | 65.56 | -2.47% |
| S2 | 64.63 | -3.85% |
| S3 | 63.13 | -6.08% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 67.22 | |
| S1 | 66.90 | -0.476% |
| S2 | 55.56 | -17.35% |
| S3 | 54.90 | -18.33% |
MBLINFRA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2016 | Aug 04, 2016 | Sep 11, 2016 | ₹1.50 | 1.64% |
| 2 | May 23, 2015 | Jul 08, 2015 | Aug 16, 2015 | ₹1.50 | 0.585% |
| 3 | May 26, 2014 | Jul 31, 2014 | Sep 08, 2014 | ₹1.50 | 1.08% |
| 4 | Jul 15, 2013 | Aug 22, 2013 | Sep 30, 2013 | ₹1.50 | 4.58% |
| 5 | May 30, 2012 | Jul 26, 2012 | Sep 03, 2012 | ₹0.750 | 0.94% |
FAQ
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