Navi Mutual Fund Trust Forecast

Green day on Friday for Navi Mutual Fund trust after gaining 1.04%
(Updated on Jun 28, 2024)

NAVINIFTY.BO Signals & Forecast

The Navi Mutual Fund trust 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 ₹239.54 and ₹233.79. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 6.36%. Further rise is indicated until a new top pivot has been found. Navi Mutual Fund 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. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The trust had a Golden Star Signal on Thursday, May 16, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the trust in question.

Support, Risk & Stop-loss for Navi Mutual Fund trust

Navi Mutual Fund finds support from accumulated volume at ₹240.16 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This trust has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the trust moved ₹3.80 between high and low, or 1.57%. For the last week, the trust has had daily average volatility of 1.73%.

Our recommended stop-loss: ₹231.42 (-5.34%) (This trust has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 17 days ago.)

Trading Expectations (NAVINIFTY.BO) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Navi Mutual Fund to open at ₹243.82, and during the day (based on 14 day Average True Range), to move between ₹238.17 and ₹250.77, which gives a possible trading interval of +/-₹6.30 (+/-2.58%) up or down from last closing price. If Navi Mutual Fund takes out the full calculated possible swing range there will be an estimated 5.16% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹240.16 (1.76%) than the resistance at ₹270.17 (10.51%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Navi Mutual Fund trust A Buy?

Navi Mutual Fund holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

Current score: 5.534 Strong Buy Candidate Unchanged

Predicted Opening Price for Navi Mutual Fund of Monday, July 1, 2024

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