PNC Infratech Limited Stock Forecast
PNC Infratech Limited stock upgraded to Buy Candidate.
(Updated on Jun 25, 2024)
The PNC Infratech Limited stock price gained 2.95% on the last trading day (Tuesday, 25th Jun 2024), rising from ₹475.50 to ₹489.55. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.21% from a day low at ₹476.70 to a day high of ₹492.00. The price has been going up and down for this period, and there has been a -6.14% loss for the last 2 weeks. Volume fell on the last day by -17 thousand shares and in total, 69 thousand shares were bought and sold for approximately ₹34.00 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 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 ₹467.94 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 15.35% during the next 3 months and, with a 90% probability hold a price between ₹539.78 and ₹676.74 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
PNCINFRA.BO Signals & Forecast
The PNC Infratech Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₹473.71 and ₹480.13. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 5.53%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for PNC Infratech Limited stock
PNC Infratech Limited finds support from accumulated volume at ₹478.70 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 ₹15.30 between high and low, or 3.21%. For the last week, the stock has had daily average volatility of 3.12%.
Our recommended stop-loss: ₹463.56 (-5.31%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (PNCINFRA.BO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect PNC Infratech Limited to open at ₹486.08, and during the day (based on 14 day Average True Range), to move between ₹465.46 and ₹513.64, which gives a possible trading interval of +/-₹24.09 (+/-4.92%) up or down from last closing price. If PNC Infratech Limited takes out the full calculated possible swing range there will be an estimated 9.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹478.70 (2.22%) than the resistance at ₹517.35 (5.68%), 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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for PNC Infratech Limited stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.912 Buy Candidate Upgraded
Predicted Opening Price for PNC Infratech Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₹486.08 ( 0.708%) | ₹489.55 |
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 | 501.38 | 2.42% |
| R2 | 495.54 | 1.22% |
| R1 | 491.93 | 0.486% |
| Price | 489.55 | |
| S1 | 480.24 | -1.90% |
| S2 | 476.63 | -2.64% |
| S3 | 470.78 | -3.83% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 558.40 | 14.06% |
| R2 | 537.75 | 9.85% |
| R1 | 517.35 | 5.68% |
| Price | 489.55 | |
| S1 | 478.70 | -2.22% |
| S2 | 470.40 | -3.91% |
| S3 | 464.55 | -5.11% |
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
Click here for our free guide on how to buy PNC Infratech Limited Stock.
