PNC Infratech Limited Stock Forecast
PNC Infratech Limited stock price down 0.398% on Wednesday
(Updated on Jun 26, 2024)
The PNC Infratech Limited stock price fell by -0.398% on the last day (Wednesday, 26th Jun 2024) from ₹489.80 to ₹487.85. During the last trading day the stock fluctuated 2.47% from a day low at ₹482.35 to a day high of ₹494.25. The price has been going up and down for this period, and there has been a 1.87% gain for the last 2 weeks. 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 -2 million shares and in total, 849 thousand shares were bought and sold for approximately ₹414.38 million.
The stock lies in the lower part of a 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 ₹469.28 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 14.97% during the next 3 months and, with a 90% probability hold a price between ₹539.52 and ₹674.17 at the end of this 3-month period.
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PNCINFRA.NS 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 ₹475.84 and ₹482.79. 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 5.06%. Further rise is indicated until a new top pivot has been found. 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). 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 ₹478.90 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 ₹11.90 between high and low, or 2.47%. For the last week, the stock has had daily average volatility of 3.00%.
Our recommended stop-loss: ₹460.05 (-5.70%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (PNCINFRA.NS) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect PNC Infratech Limited to open at ₹488.15, and during the day (based on 14 day Average True Range), to move between ₹464.81 and ₹510.89, which gives a possible trading interval of +/-₹23.04 (+/-4.72%) up or down from last closing price. If PNC Infratech Limited takes out the full calculated possible swing range there will be an estimated 9.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹478.90 (1.83%) than the resistance at ₹517.60 (6.10%), 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.
Current score: 3.025 Buy Candidate Unchanged
Predicted Opening Price for PNC Infratech Limited of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| ₹488.15 ( 0.0615%) | ₹487.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PNCINFRA.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 500.05 | 2.50% |
| R2 | 495.50 | 1.57% |
| R1 | 492.70 | 0.99% |
| Price | 487.85 | |
| S1 | 483.60 | -0.87% |
| S2 | 480.80 | -1.45% |
| S3 | 476.25 | -2.38% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 537.30 | 10.14% |
| R2 | 528.95 | 8.42% |
| R1 | 517.60 | 6.10% |
| Price | 487.85 | |
| S1 | 478.90 | -1.83% |
| S2 | 470.40 | -3.58% |
| S3 | 464.30 | -4.83% |
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 | Sep 21, 2022 | ₹0.500 | 0.184% |
| 3 | Sep 21, 2021 | Sep 21, 2021 | Sep 21, 2021 | ₹0.500 | 0.141% |
| 4 | Mar 09, 2020 | Mar 19, 2020 | Mar 31, 2020 | ₹0.500 | 0.532% |
| 5 | May 24, 2019 | Sep 20, 2019 | Oct 30, 2019 | ₹0.500 | 0.289% |
FAQ
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