RSI low/high Values: [ 25 - 75 ]
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AI Analysis of OCTAVE.BO
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Red day on Thursday for Perfect Octave Media Projects Limited
(Updated on Mar 28, 2024)

Hold candidate since Mar 27, 2024 Loss -1.77% PDF

The Perfect Octave Media Projects Limited stock price fell by -1.77% on the last day (Thursday, 28th Mar 2024) from ₹2.26 to ₹2.22. During the last trading day the stock fluctuated 1.80% from a day low at ₹2.22 to a day high of ₹2.26. The price has fallen in 8 of the last 10 days and is down by -12.6% for this period. Volume has increased on the last day by 2 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, 2 thousand shares were bought and sold for approximately ₹4.58 thousand.

Given the current short-term trend, the stock is expected to rise 12.92% during the next 3 months and, with a 90% probability hold a price between ₹2.51 and ₹3.54 at the end of this 3-month period.

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OCTAVE.BO Signals & Forecast

There are few to no technical positive signals at the moment. The Perfect Octave Media Projects 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 ₹2.30 and ₹2.52. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, February 27, 2024, and so far it has fallen -26.49%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Perfect Octave Media Projects Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Perfect Octave Media Projects Limited stock

Perfect Octave Media Projects Limited finds support from accumulated volume at ₹2.17 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹0.0400 between high and low, or 1.80%. For the last week, the stock has had daily average volatility of 1.06%.

Our recommended stop-loss: ₹2.15 (-3.00%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 20 days ago.)

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

For the upcoming trading day on Monday, 1st we expect Perfect Octave Media Projects Limited to open at ₹2.23, and during the day (based on 14 day Average True Range), to move between ₹2.17 and ₹2.27, which gives a possible trading interval of +/-₹0.0532 (+/-2.40%) up or down from last closing price. If Perfect Octave Media Projects Limited takes out the full calculated possible swing range there will be an estimated 4.79% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹2.25 (1.35%) than the support at ₹2.17 (2.25%), 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 Perfect Octave Media Projects Limited stock A Buy?

Perfect Octave Media Projects Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.944 Hold/Accumulate Unchanged

Predicted Opening Price for Perfect Octave Media Projects Limited of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
₹2.23 ( 0.601%) ₹2.22

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

Trading levels for OCTAVE.BO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2.27 2.40 %
R2 2.26 1.71 %
R1 2.25 1.29 %
Current price: 2.22
Support S1 2.22 -0.0877 %
S2 2.21 -0.513 %
S3 2.19 -1.20 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 2.59 16.67 %
R2 2.36 6.31 %
R1 2.25 1.35 %
Current price 2.22
Support S1 2.17 -2.25%
S2 2.00 -9.91%
S3 1.99 -10.36%

FAQ

What is the symbol for Perfect Octave Media Projects Limited Stock and on which exchange is it traded?
The symbol for Perfect Octave Media Projects Limited is OCTAVE.BO and it is traded on the XBOM (Bombay Stock Exchange).

Should I buy or sell Perfect Octave Media Projects Limited Stock?
Perfect Octave Media Projects Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy Perfect Octave Media Projects Limited Stock?
Perfect Octave Media Projects 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 Perfect Octave Media Projects Limited Stock.

What's the current price of Perfect Octave Media Projects Limited Stock?
As of the end of day on the 2024-03-28, the price of an Perfect Octave Media Projects Limited (OCTAVE.BO) share was ₹2.22.

What is the 52-week high and low for Perfect Octave Media Projects Limited Stock?
The 52-week high for Perfect Octave Media Projects Limited Stock is ₹3.02 and the 52-week low is ₹1.55.
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