NCL Research & Financial Services Ltd Stock Forecast

Red day on Friday for NCL Research & Financial Services Ltd stock after losing 0%
(Updated on Jun 14, 2024)

NCLRESE.BO Signals & Forecast

The NCL Research & Financial Services Ltd 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 ₹0.724 and ₹0.708. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 09, 2024, and so far it has risen 8.82%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. The stock had a Golden Star Signal on Monday, August 07, 2023 in the long-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 stock in question.

Support, Risk & Stop-loss for NCL Research & Financial Services Ltd stock

NCL Research & Financial Services Ltd finds support from accumulated volume at ₹0.720 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₹0.0200 between high and low, or 2.74%. For the last week, the stock has had daily average volatility of 4.47%.

Our recommended stop-loss: ₹0.711 (-3.88%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 45 days ago.)

Trading Expectations (NCLRESE.BO) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect NCL Research & Financial Services Limited to open at ₹0.740, and during the day (based on 14 day Average True Range), to move between ₹0.712 and ₹0.768, which gives a possible trading interval of +/-₹0.0280 (+/-3.78%) up or down from last closing price. If NCL Research & Financial Services Limited takes out the full calculated possible swing range there will be an estimated 7.56% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹0.720 (2.70%) than the resistance at ₹0.770 (4.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is NCL Research & Financial Services Limited stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for NCL Research & Financial Services Ltd stock to perform well in the short-term period.

Current score: 3.741 Buy Candidate Unchanged

Predicted Opening Price for NCL Research & Financial Services Limited of Tuesday, June 18, 2024

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