Narayana Hrudayalaya Limited Stock Forecast
Green day on Friday for Narayana Hrudayalaya Limited
(Updated on Jun 14, 2024)
The Narayana Hrudayalaya Limited stock price gained 0.88% on the last trading day (Friday, 14th Jun 2024), rising from ₹1,226.55 to ₹1,237.30. During the last trading day the stock fluctuated 2.07% from a day low at ₹1,227.20 to a day high of ₹1,252.65. The price has been going up and down for this period, and there has been a 4.04% gain for the last 2 weeks. Volume fell on the last day by -132 thousand shares and in total, 309 thousand shares were bought and sold for approximately ₹382.79 million. 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 lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.53% during the next 3 months and, with a 90% probability hold a price between ₹1,098.71 and ₹1,255.95 at the end of this 3-month period.
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NH.NS Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 0.88%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Narayana Hrudayalaya Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₹1,254.25 and ₹1,245.12. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Narayana Hrudayalaya Limited stock
Narayana Hrudayalaya Limited finds support from accumulated volume at ₹1,189.25 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 ₹25.45 between high and low, or 2.07%. For the last week, the stock has had daily average volatility of 2.86%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NH.NS) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Narayana Hrudayalaya Limited to open at ₹1,239.05, and during the day (based on 14 day Average True Range), to move between ₹1,191.05 and ₹1,283.55, which gives a possible trading interval of +/-₹46.25 (+/-3.74%) up or down from last closing price. If Narayana Hrudayalaya Limited takes out the full calculated possible swing range there will be an estimated 7.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹1,243.45 (0.50%) than the support at ₹1,189.25 (3.88%), 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 Narayana Hrudayalaya Limited stock A Buy?
Narayana Hrudayalaya Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.605 Sell Candidate Unchanged
Predicted Opening Price for Narayana Hrudayalaya Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ₹1,239.05 ( 0.141%) | ₹1,237.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NH.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,264.50 | 2.20% |
| R2 | 1,254.78 | 1.41% |
| R1 | 1,248.77 | 0.93% |
| Price | 1,237.30 | |
| S1 | 1,229.33 | -0.644% |
| S2 | 1,223.32 | -1.13% |
| S3 | 1,213.60 | -1.92% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,325.25 | 7.11% |
| R2 | 1,254.45 | 1.39% |
| R1 | 1,243.45 | 0.497% |
| Price | 1,237.30 | |
| S1 | 1,189.25 | -3.88% |
| S2 | 1,182.55 | -4.42% |
| S3 | 1,167.50 | -5.64% |
NH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 02, 2024 | Aug 02, 2024 | Sep 29, 2024 | ₹4.00 | 0.323% |
| 2 | Jul 07, 2023 | Jul 07, 2023 | Jul 07, 2023 | ₹2.50 | 0.248% |
| 3 | Jul 06, 2023 | Jul 06, 2023 | Jul 06, 2023 | ₹2.50 | 0.247% |
| 4 | Aug 22, 2022 | Aug 22, 2022 | Aug 22, 2022 | ₹1.00 | 0.142% |
| 5 | Feb 27, 2020 | Mar 11, 2020 | Mar 18, 2020 | ₹1.00 | 0.431% |
FAQ
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