N G Industries LTD Stock Forecast
Red day on Tuesday for N G Industries LTD stock after losing 4.04%
(Updated on Jun 25, 2024)
The N G Industries LTD stock price fell by -4.04% on the last day (Tuesday, 25th Jun 2024) from ₹180.75 to ₹173.45. During the last trading day the stock fluctuated 8.16% from a day low at ₹171.05 to a day high of ₹185.00. The price has been going up and down for this period, and there has been a 12.67% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -15 thousand shares and in total, 7 thousand shares were bought and sold for approximately ₹1.19 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect N G Industries LTD stock with a 90% probability to be traded between ₹154.66 and ₹187.01 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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NGIND.BO Signals & Forecast
The N G Industries LTD stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₹173.95. On a fall, the stock will find some support from the long-term average at approximately ₹162.39. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -5.61%. Further fall is indicated until a new bottom pivot has been found. 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 N G Industries LTD stock
N G Industries LTD finds support from accumulated volume at ₹171.75 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved ₹13.95 between high and low, or 8.16%. For the last week the stock has had daily average volatility of 7.37%.
Our recommended stop-loss: ₹166.00 (-4.29%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (NGIND.BO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect N G Industries LTD to open at ₹176.50, and during the day (based on 14 day Average True Range), to move between ₹163.25 and ₹183.65, which gives a possible trading interval of +/-₹10.20 (+/-5.88%) up or down from last closing price. If N G Industries LTD takes out the full calculated possible swing range there will be an estimated 11.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹174.10 (0.37%) than the support at ₹171.75 (0.98%), 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 N G Industries LTD 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 N G Industries LTD stock to perform well in the short-term period.
Current score: 3.193 Buy Candidate Unchanged
Predicted Opening Price for N G Industries LTD of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₹176.50 ( 1.76%) | ₹173.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NGIND.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 190.45 | 9.80% |
| R2 | 185.12 | 6.73% |
| R1 | 181.83 | 4.83% |
| Price | 173.45 | |
| S1 | 171.17 | -1.31% |
| S2 | 167.88 | -3.21% |
| S3 | 162.55 | -6.28% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 183.75 | 5.94% |
| R2 | 180.75 | 4.21% |
| R1 | 174.10 | 0.375% |
| Price | 173.45 | |
| S1 | 171.75 | -0.98% |
| S2 | 170.95 | -1.44% |
| S3 | 153.95 | -11.24% |
NGIND Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 22, 2023 | Sep 22, 2023 | Oct 30, 2023 | ₹3.50 | 2.43% |
| 2 | Sep 16, 2022 | Sep 16, 2022 | Oct 23, 2022 | ₹3.50 | 4.43% |
| 3 | Sep 12, 2019 | Sep 12, 2019 | Oct 20, 2019 | ₹3.50 | 6.26% |
| 4 | Sep 12, 2018 | Sep 12, 2018 | Oct 22, 2018 | ₹3.50 | 5.15% |
| 5 | Sep 14, 2017 | Sep 14, 2017 | Oct 23, 2017 | ₹3.50 | 4.64% |
FAQ
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