Priti International Limited Stock Forecast

Priti International Limited stock upgraded to Hold/Accumulate.
(Updated on Jun 25, 2024)

PRITI.NS Signals & Forecast

There are mixed signals in the stock today. The Priti International 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 ₹144.75 and ₹144.78. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 7.43%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Priti International Limited stock

Priti International Limited finds support from accumulated volume at ₹139.40 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 ₹3.91 between high and low, or 2.75%. For the last week, the stock has had daily average volatility of 3.13%.

Our recommended stop-loss: ₹135.12 (-5.36%) (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 (PRITI.NS) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Priti International Limited to open at ₹143.57, and during the day (based on 14 day Average True Range), to move between ₹135.59 and ₹149.97, which gives a possible trading interval of +/-₹7.19 (+/-5.04%) up or down from last closing price. If Priti International Limited takes out the full calculated possible swing range there will be an estimated 10.08% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹143.85 (0.75%) than the support at ₹139.40 (2.37%), 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 Priti International Limited stock A Buy?

Priti International Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.030 Hold/Accumulate Upgraded

Predicted Opening Price for Priti International Limited of Wednesday, June 26, 2024

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