Rane Holdings Limited Stock Forecast
Rane Holdings Limited stock price ended at ₹1,301.45 on Tuesday, after gaining 2.36%.
(Updated on Jun 25, 2024)
The Rane Holdings Limited stock price gained 2.36% on the last trading day (Tuesday, 25th Jun 2024), rising from ₹1,271.45 to ₹1,301.45. During the last trading day the stock fluctuated 3.75% from a day low at ₹1,288.15 to a day high of ₹1,336.40. The price has risen in 7 of the last 10 days and is up by 7.19% over the past 2 weeks. Volume fell on the last day by -76 thousand shares and in total, 35 thousand shares were bought and sold for approximately ₹45.08 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.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.26% during the next 3 months and, with a 90% probability hold a price between ₹1,202.59 and ₹1,631.65 at the end of this 3-month period.
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RANEHOLDIN.NS Signals & Forecast
Mostly positive signals in the chart today. The Rane Holdings 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 ₹1,274.56 and ₹1,260.52. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 18.62%. 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). 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.
Support, Risk & Stop-loss for Rane Holdings Limited stock
Rane Holdings Limited finds support from accumulated volume at ₹1,271.45 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 ₹48.25 between high and low, or 3.75%. For the last week, the stock has had daily average volatility of 4.45%.
The Rane Holdings Limited stock is extremely overbought on RSI14 (90). This increases the short-term risk substantially.
Our recommended stop-loss: ₹1,266.31 (-2.70%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 90 and this increases the risk substantially. There is a buy signal from a pivot bottom found 35 days ago.)
Trading Expectations (RANEHOLDIN.NS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Rane Holdings Limited to open at ₹1,308.67, and during the day (based on 14 day Average True Range), to move between ₹1,244.40 and ₹1,358.50, which gives a possible trading interval of +/-₹57.05 (+/-4.38%) up or down from last closing price. If Rane Holdings Limited takes out the full calculated possible swing range there will be an estimated 8.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹1,271.45 (2.31%) than the resistance at ₹1,336.70 (2.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Rane Holdings Limited stock A Buy?
Rane Holdings Limited holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 7.487 Strong Buy Candidate Unchanged
Predicted Opening Price for Rane Holdings Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₹1,308.67 ( 0.555%) | ₹1,301.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RANEHOLDIN.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,356.92 | 4.26% |
| R2 | 1,338.49 | 2.85% |
| R1 | 1,327.10 | 1.97% |
| Price | 1,301.45 | |
| S1 | 1,290.24 | -0.86% |
| S2 | 1,278.85 | -1.74% |
| S3 | 1,260.42 | -3.15% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,461.20 | 12.27% |
| R2 | 1,400.65 | 7.62% |
| R1 | 1,336.70 | 2.71% |
| Price | 1,301.45 | |
| S1 | 1,271.45 | -2.31% |
| S2 | 1,266.45 | -2.69% |
| S3 | 1,256.95 | -3.42% |
RANEHOLDIN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 26, 2024 | Jul 26, 2024 | Aug 12, 2024 | ₹25.00 | 1.92% |
| 2 | Jul 28, 2023 | Jul 28, 2023 | Jul 28, 2023 | ₹17.00 | 1.67% |
| 3 | Jul 27, 2023 | Jul 27, 2023 | Jul 27, 2023 | ₹17.00 | 1.65% |
| 4 | Jun 21, 2022 | Jun 21, 2022 | Jun 21, 2022 | ₹12.00 | 2.14% |
| 5 | Jun 24, 2020 | Aug 06, 2020 | Aug 19, 2020 | ₹4.00 | 0.769% |
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