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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of MONTECARLO.NS
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Monte Carlo Fashions Limited stock upgraded to Hold/Accumulate.
(Updated on Jun 14, 2024)

Hold candidate since Jun 14, 2024 PDF

The Monte Carlo Fashions Limited stock price gained 0.289% on the last trading day (Friday, 14th Jun 2024), rising from ₹587.45 to ₹589.15. During the last trading day the stock fluctuated 2.79% from a day low at ₹582.25 to a day high of ₹598.50. The price has fallen in 7 of the last 10 days and is down by -4.33% for this period. Volume fell on the last day by -10 thousand shares and in total, 58 thousand shares were bought and sold for approximately ₹34.39 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.

The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at ₹584.90 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Monte Carlo Fashions Limited stock with a 90% probability to be traded between ₹581.33 and ₹693.89 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.

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MONTECARLO.NS Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 07, 2024, and so far it has risen 0.666%. Further rise is indicated until a new top pivot has been found. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Monte Carlo Fashions Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₹590.22 and ₹652.11. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Monte Carlo Fashions Limited stock

Monte Carlo Fashions Limited finds support from accumulated volume at ₹587.45 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 ₹16.25 between high and low, or 2.79%. For the last week, the stock has had daily average volatility of 2.46%.

Monte Carlo Fashions Limited is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: ₹554.43 (-5.89%) (This stock has high daily movements and this gives high risk. Low RSI14 is 23 which reduces the risk some. There is a buy signal from a pivot bottom found 31 days ago.)

Trading Expectations (MONTECARLO.NS) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Monte Carlo Fashions Limited to open at ₹589.97, and during the day (based on 14 day Average True Range), to move between ₹566.10 and ₹612.20, which gives a possible trading interval of +/-₹23.05 (+/-3.91%) up or down from last closing price. If Monte Carlo Fashions Limited takes out the full calculated possible swing range there will be an estimated 7.83% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹587.45 (0.29%) than the resistance at ₹602.70 (2.30%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Monte Carlo Fashions Limited stock A Buy?

Monte Carlo Fashions Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: -0.577 Hold/Accumulate Upgraded

Predicted Opening Price for Monte Carlo Fashions Limited of Tuesday, June 18, 2024

Fair opening price June 18, 2024 Current price
₹589.97 ( 0.139%) ₹589.15

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for MONTECARLO.NS

Fibonacci Support & Resistance Levels

Level Price
R3 606.22 2.90%
R2 600.01 1.84%
R1 596.17 1.19%
Price 589.15
S1 583.76 -0.92%
S2 579.92 -1.57%
S3 573.72 -2.62%

Accumulated Volume Support & Resistance Levels

Level Price
R3 700.30 18.87%
R2 616.15 4.58%
R1 602.70 2.30%
Price 589.15
S1 587.45 -0.289%
S2 586.25 -0.492%
S3 585.25 -0.662%

MONTECARLO Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Aug 24, 2023 Aug 24, 2023 Sep 30, 2023 ₹20.00 2.51%
2 Sep 20, 2022 Sep 20, 2022 Sep 20, 2022 ₹20.00 2.36%
3 Sep 16, 2021 Sep 16, 2021 Sep 16, 2021 ₹15.00 4.14%
4 Sep 18, 2020 Sep 18, 2020 Sep 18, 2020 ₹5.00 2.76%
5 May 25, 2018 Sep 18, 2018 Oct 27, 2018 ₹12.00 3.46%

FAQ

What is the symbol for Monte Carlo Fashions Limited Stock and on which exchange is it traded?
The symbol for Monte Carlo Fashions Limited is MONTECARLO.NS and it is traded on the NSE (National Stock Exchange of India).

Should I buy or sell Monte Carlo Fashions Limited Stock?
Monte Carlo Fashions Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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.

How to buy Monte Carlo Fashions Limited Stock?
Monte Carlo Fashions Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Monte Carlo Fashions Limited Stock.

What's the current price of Monte Carlo Fashions Limited Stock?
As of the end of day on the Jun 14, 2024, the price of an Monte Carlo Fashions Limited (MONTECARLO.NS) share was ₹589.15.

What is the 52-week high and low for Monte Carlo Fashions Limited Stock?
The 52-week high for Monte Carlo Fashions Limited Stock is ₹918.00 and the 52-week low is ₹565.00.

What is the market capitalization of Monte Carlo Fashions Limited Stock?
As of the Jun 14, 2024, the market capitalization of Monte Carlo Fashions Limited is 12.214B.

When is the next earnings date for Monte Carlo Fashions Limited?
The upcoming earnings date for Monte Carlo Fashions Limited is Aug 05, 2024.
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About Monte Carlo Fashions Limited

Monte Carlo Fashions Limited Monte Carlo Fashions Limited engages in manufacturing and trading woolen/cotton readymade apparels under the Monte Carlo brand in India and internationally. The company provides shirts, trousers, denims, Bermudas, lowers, hi-street fashion shirts, tops, dresses, jumpsuits, urban tunics, shrugs, shorts, capris, narrow pants, leggings, track suits, T-shirts, ties, belts, and socks for men, women, and tweens. It also offers home furnishings and kids... MONTECARLO.NS Profile

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