MSR India Limited Stock Forecast
MSR India Limited stock price ended at ₹9.99 on Friday, after gaining 0.100%.
(Updated on May 24, 2024)
The MSR India Limited stock price gained 0.100% on the last trading day (Friday, 24th May 2024), rising from ₹9.98 to ₹9.99. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.05% from a day low at ₹9.85 to a day high of ₹10.15. The price has risen in 6 of the last 10 days and is up by 2.04% 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, 23 thousand more shares were traded than the day before. In total, 48 thousand shares were bought and sold for approximately ₹479.45 thousand.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at ₹10.30 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -9.19% during the next 3 months and, with a 90% probability hold a price between ₹7.87 and ₹9.36 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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MSRINDIA.BO Signals & Forecast
There are mixed signals in the stock today. The MSR India 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 ₹10.17. On a fall, the stock will find some support from the short-term average at ₹9.93. 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. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -8.01%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). MSR India 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 MSR India Limited stock
MSR India Limited finds support from accumulated volume at ₹9.97 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ₹0.300 between high and low, or 3.05%. For the last week the stock has had daily average volatility of 5.20%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MSRINDIA.BO) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect MSR India Limited to open at ₹10.00, and during the day (based on 14 day Average True Range), to move between ₹9.39 and ₹10.59, which gives a possible trading interval of +/-₹0.595 (+/-5.96%) up or down from last closing price. If MSR India Limited takes out the full calculated possible swing range there will be an estimated 11.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹9.97 (0.20%) than the resistance at ₹10.15 (1.60%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is MSR India Limited stock A Buy?
MSR India Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.893 Sell Candidate Unchanged
Predicted Opening Price for MSR India Limited of Monday, May 27, 2024
| Fair opening price May 27, 2024 | Current price |
|---|---|
| ₹10.00 ( 0.0667%) | ₹9.99 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MSRINDIA.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.30 | 3.07 % | |
| R2 | 10.18 | 1.92 % | ||
| R1 | 10.11 | 1.21 % | ||
| Current price: | 9.99 | |||
| Support | S1 | 9.88 | -1.08 % | |
| S2 | 9.81 | -1.79 % | ||
| S3 | 9.70 | -2.94 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.96 | 9.71 % | |
| R2 | 10.26 | 2.70 % | ||
| R1 | 10.15 | 1.60 % | ||
| Current price | 9.99 | |||
| Support | S1 | 9.97 | -0.200% | |
| S2 | 9.96 | -0.300% | ||
| S3 | 9.84 | -1.50% |
FAQ
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