Nagpur Power and Industries Limited Stock Forecast

Big movements in Nagpur Power and Industries Limited stock price on Friday moving 10.26% between high and low
(Updated on May 31, 2024)

NAGPI.BO Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Nagpur Power and Industries 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 ₹126.69 and ₹129.58. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -14.34%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Nagpur Power and Industries Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at ₹100.13 and ₹100.09. 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, Nagpur Power and Industries Limited finds support just below today's level at ₹100.13. If this is broken, then the next support from accumulated volume will be at ₹100.09 and ₹98.00.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ₹12.00 (10.26%) between high and low. For the last week, the stock has had daily average volatility of 5.52%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (NAGPI.BO) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect Nagpur Power and Industries Limited to open at ₹122.97, and during the day (based on 14 day Average True Range), to move between ₹115.15 and ₹130.65, which gives a possible trading interval of +/-₹7.75 (+/-6.31%) up or down from last closing price. If Nagpur Power and Industries Limited takes out the full calculated possible swing range there will be an estimated 12.61% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹136.09 (10.73%) than the support at ₹100.13 (18.53%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Nagpur Power and Industries Limited stock A Buy?

The Nagpur Power and Industries Limited stock holds several negative signals and despite the positive trend, we believe Nagpur Power and Industries Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.379 Sell Candidate Downgraded

Predicted Opening Price for Nagpur Power and Industries Limited of Monday, June 3, 2024

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