Ramky Infrastructure Limited Stock Forecast
High volatility in Ramky Infrastructure Limited stock price on Monday which ended trading at ₹590.30
(Updated on Apr 15, 2024)
The Ramky Infrastructure Limited stock price fell by -0.82% on the last day (Monday, 15th Apr 2024) from ₹595.20 to ₹590.30. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 11.29% from a day low at ₹548.05 to a day high of ₹609.90. The price has been going up and down for this period, and there has been a 6.74% gain for the last 2 weeks. Volume has increased on the last day by 42 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 121 thousand shares were bought and sold for approximately ₹71.66 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -33.29% during the next 3 months and, with a 90% probability hold a price between ₹213.47 and ₹472.39 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.
RAMKY.NS Signals & Forecast
The Ramky Infrastructure 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 ₹608.44. On a fall, the stock will find some support from the long-term average at approximately ₹550.60. 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, April 04, 2024, and so far it has fallen -6.81%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Ramky Infrastructure Limited stock
Ramky Infrastructure Limited finds support from accumulated volume at ₹582.55 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ₹61.85 between high and low, or 11.29%. For the last week, the stock has had daily average volatility of 5.42%.
Our recommended stop-loss: ₹564.97 (-4.29%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (RAMKY.NS) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Ramky Infrastructure Limited to open at ₹582.75, and during the day (based on 14 day Average True Range), to move between ₹553.39 and ₹627.21, which gives a possible trading interval of +/-₹36.91 (+/-6.25%) up or down from last closing price. If Ramky Infrastructure Limited takes out the full calculated possible swing range there will be an estimated 12.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹582.55 (1.31%) than the resistance at ₹599.85 (1.62%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ramky Infrastructure Limited stock A Buy?
Ramky Infrastructure 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.
Current score: -0.975 Hold/Accumulate Unchanged
Predicted Opening Price for Ramky Infrastructure Limited of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| ₹582.75 ( 1.28%) | ₹590.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RAMKY.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 644.60 | 9.20 % | |
| R2 | 620.97 | 5.20 % | ||
| R1 | 606.38 | 2.72 % | ||
| Current price: | 590.30 | |||
| Support | S1 | 559.12 | -5.28 % | |
| S2 | 544.53 | -7.75 % | ||
| S3 | 520.90 | -11.76 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 675.05 | 14.36 % | |
| R2 | 615.95 | 4.35 % | ||
| R1 | 599.85 | 1.62 % | ||
| Current price | 590.30 | |||
| Support | S1 | 582.55 | -1.31% | |
| S2 | 553.05 | -6.31% | ||
| S3 | 485.80 | -17.70% |
RAMKY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 26, 2011 | Aug 04, 2011 | Sep 11, 2011 | ₹4.50 | 2.00% |
FAQ
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