Precision Wires India Limited Stock Forecast
Green day on Friday for Precision Wires India Limited stock after gaining 0.544%
(Updated on Apr 26, 2024)
The Precision Wires India Limited stock price gained 0.544% on the last trading day (Friday, 26th Apr 2024), rising from ₹137.85 to ₹138.60. It has now gained 5 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 3.14% from a day low at ₹136.95 to a day high of ₹141.25. The price has risen in 6 of the last 10 days and is up by 7.11% over the past 2 weeks. Volume fell on the last day by -161 thousand shares and in total, 348 thousand shares were bought and sold for approximately ₹48.28 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.
Given the current short-term trend, the stock is expected to fall -12.05% during the next 3 months and, with a 90% probability hold a price between ₹92.46 and ₹121.90 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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PRECWIRE.NS Signals & Forecast
The Precision Wires India Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₹132.46 and ₹127.74. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 13, 2024, and so far it has risen 21.26%. 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 Precision Wires India Limited stock
Precision Wires India Limited finds support from accumulated volume at ₹136.45 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 ₹4.30 between high and low, or 3.14%. For the last week, the stock has had daily average volatility of 4.71%.
Our recommended stop-loss: ₹134.03 (-3.30%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 29 days ago.)
Trading Expectations (PRECWIRE.NS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Precision Wires India Limited to open at ₹138.93, and during the day (based on 14 day Average True Range), to move between ₹133.07 and ₹144.13, which gives a possible trading interval of +/-₹5.53 (+/-3.99%) up or down from last closing price. If Precision Wires India Limited takes out the full calculated possible swing range there will be an estimated 7.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹136.45 (1.55%) than the resistance at ₹143.85 (3.79%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Precision Wires India Limited stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.791 Buy Candidate Unchanged
Predicted Opening Price for Precision Wires India Limited of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| ₹138.93 ( 0.241%) | ₹138.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PRECWIRE.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 143.23 | 3.34 % | |
| R2 | 141.59 | 2.16 % | ||
| R1 | 140.58 | 1.43 % | ||
| Current price: | 138.60 | |||
| Support | S1 | 137.29 | -0.94 % | |
| S2 | 136.28 | -1.68 % | ||
| S3 | 134.63 | -2.86 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 153.60 | 10.82 % | |
| R2 | 147.75 | 6.60 % | ||
| R1 | 143.85 | 3.79 % | ||
| Current price | 138.60 | |||
| Support | S1 | 136.45 | -1.55% | |
| S2 | 133.45 | -3.72% | ||
| S3 | 129.90 | -6.28% |
PRECWIRE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 20, 2024 | Feb 20, 2024 | Mar 09, 2024 | ₹0.300 | 0.224% |
| 2 | Nov 17, 2023 | Nov 17, 2023 | Nov 17, 2023 | ₹0.300 | 0.261% |
| 3 | Feb 24, 2023 | Feb 24, 2023 | Feb 24, 2023 | ₹0.300 | 0.453% |
| 4 | Aug 25, 2022 | Aug 25, 2022 | Aug 25, 2022 | ₹0.533 | 0.88% |
| 5 | Aug 19, 2022 | Aug 19, 2022 | Aug 19, 2022 | ₹0.300 | 0.480% |
FAQ
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