PNC Infratech Limited Stock Forecast
Weaker technical forecast for PNC Infratech Limited as stock downgraded to Sell Candidate.
(Updated on Jun 14, 2024)
The PNC Infratech Limited stock price fell by -1.50% on the last day (Friday, 14th Jun 2024) from ₹480.45 to ₹473.25. During the last trading day the stock fluctuated 3.22% from a day low at ₹469.20 to a day high of ₹484.30. The price has fallen in 7 of the last 10 days and is down by -8.64% for this period. 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 -99 thousand shares and in total, 49 thousand shares were bought and sold for approximately ₹23.33 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₹460.55 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 20.09% during the next 3 months and, with a 90% probability hold a price between ₹553.09 and ₹700.92 at the end of this 3-month period.
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PNCINFRA.BO Signals & Forecast
There are few to no technical positive signals at the moment. The PNC Infratech 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 ₹499.19 and ₹475.47. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 24, 2024, and so far it has fallen -15.25%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for PNC Infratech Limited stock
PNC Infratech Limited finds support from accumulated volume at ₹470.40 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 ₹15.10 between high and low, or 3.22%. For the last week, the stock has had daily average volatility of 4.06%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PNCINFRA.BO) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect PNC Infratech Limited to open at ₹475.58, and during the day (based on 14 day Average True Range), to move between ₹443.67 and ₹502.83, which gives a possible trading interval of +/-₹29.58 (+/-6.25%) up or down from last closing price. If PNC Infratech Limited takes out the full calculated possible swing range there will be an estimated 12.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹470.40 (0.60%) than the resistance at ₹478.70 (1.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is PNC Infratech Limited stock A Buy?
The PNC Infratech Limited stock holds several negative signals and despite the positive trend, we believe PNC Infratech Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -3.282 Sell Candidate Downgraded
Predicted Opening Price for PNC Infratech Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ₹475.58 ( 0.493%) | ₹473.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PNCINFRA.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 490.68 | 3.68% |
| R2 | 484.92 | 2.46% |
| R1 | 481.35 | 1.71% |
| Price | 473.25 | |
| S1 | 469.82 | -0.726% |
| S2 | 466.25 | -1.48% |
| S3 | 460.48 | -2.70% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 558.40 | 17.99% |
| R2 | 517.35 | 9.32% |
| R1 | 478.70 | 1.15% |
| Price | 473.25 | |
| S1 | 470.40 | -0.602% |
| S2 | 464.55 | -1.84% |
| S3 | 451.00 | -4.70% |
PNCINFRA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 22, 2023 | Sep 22, 2023 | Oct 29, 2023 | ₹0.500 | 0.147% |
| 2 | Sep 21, 2022 | Sep 21, 2022 | Oct 29, 2022 | ₹0.500 | 0.194% |
| 3 | Sep 21, 2021 | Sep 21, 2021 | Oct 29, 2021 | ₹0.500 | 0.155% |
| 4 | Mar 19, 2020 | Mar 19, 2020 | Mar 31, 2020 | ₹0.500 | 0.525% |
| 5 | Sep 20, 2019 | Sep 20, 2019 | Oct 30, 2019 | ₹0.500 | 0.291% |
FAQ
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