Pvr Inox Limited Stock Forecast
Stronger technical forecast for Pvr Inox Limited stock price after Friday trading.
(Updated on Jun 28, 2024)
The Pvr Inox Limited stock price fell by -2.80% on the last day (Friday, 28th Jun 2024) from ₹1,468.70 to ₹1,427.55. During the last trading day the stock fluctuated 4.22% from a day low at ₹1,420.00 to a day high of ₹1,479.90. The price has been going up and down for this period, and there has been a 2.6% 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 -43 thousand shares and in total, 40 thousand shares were bought and sold for approximately ₹56.45 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Pvr Inox Limited stock with a 90% probability to be traded between ₹1,271.04 and ₹1,468.87 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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PVRINOX.BO Signals & Forecast
The Pvr Inox Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₹1,431.46. On a fall, the stock will find some support from the long-term average at approximately ₹1,356.83. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen -2.80%. Further fall is indicated until a new bottom pivot has been found. 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 Pvr Inox Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹1,322.45 and ₹1,309.75. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Pvr Inox Limited finds support just below today's level at ₹1,322.45. If this is broken, then the next support from accumulated volume will be at ₹1,309.75 and ₹1,297.65.
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 ₹59.90 between high and low, or 4.22%. For the last week, the stock has had daily average volatility of 2.82%.
Our recommended stop-loss: ₹1,372.90 (-3.83%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (PVRINOX.BO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Pvr Inox Limited to open at ₹1,442.48, and during the day (based on 14 day Average True Range), to move between ₹1,390.73 and ₹1,464.37, which gives a possible trading interval of +/-₹36.82 (+/-2.58%) up or down from last closing price. If Pvr Inox Limited takes out the full calculated possible swing range there will be an estimated 5.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹1,427.75 (0.01%) than the support at ₹1,322.45 (7.36%), 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 Pvr Inox Limited stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Pvr Inox Limited stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.612 Buy Candidate Upgraded
Predicted Opening Price for Pvr Inox Limited of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
₹1,442.48 ( 1.05%) | ₹1,427.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PVRINOX.BO
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1,502.38 | 5.24% |
R2 | 1,479.50 | 3.64% |
R1 | 1,465.37 | 2.65% |
Price | 1,427.55 | |
S1 | 1,419.60 | -0.557% |
S2 | 1,405.47 | -1.55% |
S3 | 1,382.58 | -3.15% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1,452.35 | 1.74% |
R2 | 1,437.55 | 0.701% |
R1 | 1,427.75 | 0.0140% |
Price | 1,427.55 | |
S1 | 1,322.45 | -7.36% |
S2 | 1,309.75 | -8.25% |
S3 | 1,297.65 | -9.10% |
PVRINOX Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 05, 2020 | Mar 05, 2020 | Mar 27, 2020 | ₹3.93 | 0.312% |
2 | Jul 17, 2017 | Jul 17, 2017 | Aug 23, 2017 | ₹1.96 | 0.156% |
3 | Sep 20, 2016 | Sep 20, 2016 | Sep 20, 2016 | ₹2.00 | 0.163% |
4 | Sep 18, 2015 | Sep 18, 2015 | Sep 18, 2015 | ₹1.00 | 0.123% |
5 | Sep 18, 2014 | Sep 18, 2014 | Sep 18, 2014 | ₹2.50 | 0.355% |
FAQ
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