MSR India Limited Stock Forecast

MSR India Limited stock price down 1.26% on Tuesday
(Updated on Jun 25, 2024)

MSRINDIA.BO Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 0.96%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 ₹9.78. On a fall, the stock will find some support from the short-term average at ₹9.41. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for MSR India Limited stock

MSR India Limited finds support from accumulated volume at ₹9.38 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved ₹0.310 between high and low, or 3.30%. For the last week the stock has had daily average volatility of 3.83%.

Our recommended stop-loss: ₹8.91 (-5.54%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 51 days ago.)

Trading Expectations (MSRINDIA.BO) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect MSR India Limited to open at ₹9.50, and during the day (based on 14 day Average True Range), to move between ₹9.02 and ₹9.84, which gives a possible trading interval of +/-₹0.413 (+/-4.38%) up or down from last closing price. If MSR India Limited takes out the full calculated possible swing range there will be an estimated 8.77% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹9.38 (0.53%) than the resistance at ₹9.55 (1.27%), 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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.440 Hold/Accumulate Unchanged

Predicted Opening Price for MSR India Limited of Wednesday, June 26, 2024

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