Info Edge (India) Limited Stock Forecast
Info Edge (India) Limited stock downgraded to Hold/Accumulate
(Updated on Mar 28, 2024)
The Info Edge (India) Limited stock price gained 2.13% on the last trading day (Thursday, 28th Mar 2024), rising from ₹5,475.55 to ₹5,592.00. During the last trading day the stock fluctuated 4.00% from a day low at ₹5,415.00 to a day high of ₹5,631.80. The price has risen in 6 of the last 10 days and is up by 9.49% over the past 2 weeks. Volume fell on the last day by -185 thousand shares and in total, 573 thousand shares were bought and sold for approximately ₹3.20 billion. 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 has broken the wide and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at ₹5,571.54, a level that may pose a second chance to hit a runner. According to fan-theory ₹6,161.24 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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NAUKRI.NS Signals & Forecast
The Info Edge (India) 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 ₹5,289.52 and ₹5,261.06. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 05, 2024, and so far it has risen 11.34%. 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 Info Edge (India) Limited stock
Info Edge (India) Limited finds support from accumulated volume at ₹5,475.55 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 ₹216.80 (4.00%) between high and low. For the last week, the stock has had daily average volatility of 4.27%.
Our recommended stop-loss: ₹5,374.68 (-3.89%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (NAUKRI.NS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Info Edge (India) Limited to open at ₹5,546.27, and during the day (based on 14 day Average True Range), to move between ₹5,419.23 and ₹5,764.77, which gives a possible trading interval of +/-₹172.77 (+/-3.09%) up or down from last closing price. If Info Edge (India) Limited takes out the full calculated possible swing range there will be an estimated 6.18% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₹5,475.55, some ₹116.45 (2.08%) from the current price of ₹5,592.00, our system finds the risk reward attractive.
Is Info Edge (India) Limited stock A Buy?
Info Edge (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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Info Edge (India) Limited of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
₹5,546.27 ( 0.82%) | ₹5,592.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NAUKRI.NS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5,763.07 | 3.06 % | |
R2 | 5,680.25 | 1.58 % | ||
R1 | 5,629.08 | 0.663 % | ||
Current price: | 5,592.00 | |||
Support | S1 | 5,463.45 | -2.30 % | |
S2 | 5,412.28 | -3.21 % | ||
S3 | 5,329.47 | -4.69 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 5,592.00 | |||
Support | S1 | 5,475.55 | -2.08% | |
S2 | 5,246.15 | -6.18% | ||
S3 | 5,112.55 | -8.57% |
NAUKRI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Nov 17, 2023 | Nov 17, 2023 | Nov 17, 2023 | ₹10.00 | 0.208% |
2 | Jul 28, 2023 | Jul 28, 2023 | Jul 28, 2023 | ₹9.00 | 0.197% |
3 | Jul 27, 2023 | Jul 27, 2023 | Jul 27, 2023 | ₹9.00 | 0.197% |
4 | Nov 18, 2022 | Nov 18, 2022 | Nov 18, 2022 | ₹10.00 | 0.257% |
5 | Aug 18, 2022 | Aug 18, 2022 | Aug 18, 2022 | ₹5.00 | 0.112% |
FAQ
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