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AI Analysis of NH.NS
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Narayana Hrudayalaya Limited stock price down 2.64% on Friday
(Updated on Jun 21, 2024)

Sell candidate since Jun 13, 2024 Loss -2.14% PDF

The Narayana Hrudayalaya Limited stock price fell by -2.64% on the last day (Friday, 21st Jun 2024) from ₹1,232.90 to ₹1,200.30. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.26% from a day low at ₹1,197.00 to a day high of ₹1,236.00. The price has fallen in 6 of the last 10 days and is down by -3.47% for this period. Volume has increased on the last day by 542 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 772 thousand shares were bought and sold for approximately ₹926.74 million.

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 -5.32% during the next 3 months and, with a 90% probability hold a price between ₹1,068.90 and ₹1,226.44 at the end of this 3-month period.

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NH.NS Signals & Forecast

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. The Narayana Hrudayalaya Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₹1,231.34 and ₹1,239.60. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 10, 2024, and so far it has fallen -8.02%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

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 ₹39.00 between high and low, or 3.26%. For the last week, the stock has had daily average volatility of 2.36%.

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 Monday 24th

For the upcoming trading day on Monday, 24th we expect Narayana Hrudayalaya Limited to open at ₹1,211.10, and during the day (based on 14 day Average True Range), to move between ₹1,158.22 and ₹1,242.38, which gives a possible trading interval of +/-₹42.08 (+/-3.51%) up or down from last closing price. If Narayana Hrudayalaya Limited takes out the full calculated possible swing range there will be an estimated 7.01% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹1,189.25 (0.92%) than the resistance at ₹1,243.45 (3.59%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

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: -4.732 Sell Candidate Unchanged

Predicted Opening Price for Narayana Hrudayalaya Limited of Monday, June 24, 2024

Fair opening price June 24, 2024 Current price
₹1,211.10 ( 0.90%) ₹1,200.30

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 1,250.10 4.15%
R2 1,235.20 2.91%
R1 1,226.00 2.14%
Price 1,200.30
S1 1,196.20 -0.341%
S2 1,187.00 -1.11%
S3 1,172.10 -2.35%

Accumulated Volume Support & Resistance Levels

Level Price
R3 1,325.25 10.41%
R2 1,254.45 4.51%
R1 1,243.45 3.59%
Price 1,200.30
S1 1,189.25 -0.92%
S2 1,182.55 -1.48%
S3 1,167.50 -2.73%

NH Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Aug 02, 2024 Aug 02, 2024 Sep 29, 2024 ₹4.00 0.333%
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

What is the symbol for Narayana Hrudayalaya Limited Stock and on which exchange is it traded?
The symbol for Narayana Hrudayalaya Limited is NH.NS and it is traded on the NSE (National Stock Exchange of India).

Should I buy or sell Narayana Hrudayalaya Limited Stock?
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.

How to buy Narayana Hrudayalaya Limited Stock?
Narayana Hrudayalaya Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Narayana Hrudayalaya Limited Stock.

What's the current price of Narayana Hrudayalaya Limited Stock?
As of the end of day on the Jun 21, 2024, the price of an Narayana Hrudayalaya Limited (NH.NS) share was ₹1,200.30.

What is the 52-week high and low for Narayana Hrudayalaya Limited Stock?
The 52-week high for Narayana Hrudayalaya Limited Stock is ₹1,444.90 and the 52-week low is ₹968.00.

What is the market capitalization of Narayana Hrudayalaya Limited Stock?
As of the Jun 21, 2024, the market capitalization of Narayana Hrudayalaya Limited is 245.295B.

When is the next earnings date for Narayana Hrudayalaya Limited?
The upcoming earnings date for Narayana Hrudayalaya Limited is Jul 31, 2024.
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About Narayana Hrudayalaya Limited

Narayana Hrudayalaya Limited Narayana Hrudayalaya Limited provides healthcare services. The company operates and maintains hospitals, clinics, health centers, nursing homes, and other related activities. It offers services in approximately 30 specialties, including cardiology, cardiac surgery, nephrology, urology, neurology, neuro-surgery, endocrinology, orthopedics, internal medicines, obstetrics, gynecology, pediatrics, neonatology, and gastroenterology and oncology. The c... NH.NS Profile

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