Ravileela Granites Limited Stock Forecast
Red day on Friday for Ravileela Granites Limited
(Updated on May 31, 2024)
No changes to the price of Ravileela Granites Limited stock on the last trading day (Friday, 31st May 2024). During the last trading day the stock fluctuated 0% from a day low at ₹38.63 to a day high of ₹38.63. The price has been going up and down for this period, and there has been a -4.62% loss for the last 2 weeks.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₹37.07 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 8.09% during the next 3 months and, with a 90% probability hold a price between ₹40.07 and ₹55.08 at the end of this 3-month period.
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RALEGRA.BO Signals & Forecast
There are mixed signals in the stock today. The Ravileela Granites Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₹40.31. On a fall, the stock will find some support from the short-term average at ₹38.56. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, May 30, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Monday, April 08, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Monday, April 08, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Ravileela Granites Limited stock
Ravileela Granites Limited finds support from accumulated volume at ₹38.15 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved ₹0 between high and low, or 0%. For the last week the stock has had daily average volatility of 3.95%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RALEGRA.BO) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Ravileela Granites Limited to open at ₹38.63, and during the day (based on 14 day Average True Range), to move between ₹36.57 and ₹40.69, which gives a possible trading interval of +/-₹2.06 (+/-5.33%) up or down from last closing price. If Ravileela Granites Limited takes out the full calculated possible swing range there will be an estimated 10.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹38.15 (1.24%) than the resistance at ₹40.74 (5.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ravileela Granites Limited stock A Buy?
Ravileela Granites Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.930 Sell Candidate Unchanged
Predicted Opening Price for Ravileela Granites Limited of Monday, June 3, 2024
Fair opening price June 3, 2024 | Current price |
---|---|
₹38.63 ( 0%) | ₹38.63 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RALEGRA.BO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 38.63 | . | |
R2 | 38.63 | . | ||
R1 | 38.63 | . | ||
Current price: | 38.63 | |||
Support | S1 | 38.63 | . | |
S2 | 38.63 | . | ||
S3 | 38.63 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 44.34 | 14.78 % | |
R2 | 41.13 | 6.47 % | ||
R1 | 40.74 | 5.46 % | ||
Current price | 38.63 | |||
Support | S1 | 38.15 | -1.24% | |
S2 | 36.39 | -5.80% | ||
S3 | 34.05 | -11.86% |
FAQ
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