Rishiroop Limited Stock Forecast
Rishiroop Limited stock price ended at ₹169.15 on Thursday, after losing 0.734%.
(Updated on Jun 27, 2024)
The Rishiroop Limited stock price fell by -0.734% on the last day (Thursday, 27th Jun 2024) from ₹170.40 to ₹169.15. During the last trading day the stock fluctuated 1.46% from a day low at ₹168.05 to a day high of ₹170.50. The price has been going up and down for this period, and there has been a 1.14% 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 -3 thousand shares and in total, 5 thousand shares were bought and sold for approximately ₹850.82 thousand.
The stock lies in the middle of a 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 -12.24% during the next 3 months and, with a 90% probability hold a price between ₹129.26 and ₹160.89 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.
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RISHIROOP.BO Signals & Forecast
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. The Rishiroop 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 ₹169.72 and ₹172.72. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -1.28%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Rishiroop Limited stock
Rishiroop Limited finds support from accumulated volume at ₹167.95 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved ₹2.45 between high and low, or 1.46%. For the last week the stock has had daily average volatility of 2.64%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RISHIROOP.BO) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Rishiroop Limited to open at ₹169.23, and during the day (based on 14 day Average True Range), to move between ₹162.50 and ₹175.80, which gives a possible trading interval of +/-₹6.65 (+/-3.93%) up or down from last closing price. If Rishiroop Limited takes out the full calculated possible swing range there will be an estimated 7.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹167.95 (0.71%) than the resistance at ₹171.35 (1.30%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Rishiroop Limited stock A Buy?
Rishiroop Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.498 Sell Candidate Unchanged
Predicted Opening Price for Rishiroop Limited of Friday, June 28, 2024
Fair opening price June 28, 2024 | Current price |
---|---|
₹169.23 ( 0.0493%) | ₹169.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RISHIROOP.BO
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 171.68 | 1.50% |
R2 | 170.75 | 0.94% |
R1 | 170.17 | 0.603% |
Price | 169.15 | |
S1 | 168.30 | -0.504% |
S2 | 167.72 | -0.85% |
S3 | 166.78 | -1.40% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 194.80 | 15.16% |
R2 | 190.90 | 12.86% |
R1 | 171.35 | 1.30% |
Price | 169.15 | |
S1 | 167.95 | -0.709% |
S2 | 161.90 | -4.29% |
S3 | 155.65 | -7.98% |
RISHIROOP Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 01, 2023 | Sep 01, 2023 | Oct 08, 2023 | ₹1.50 | 1.10% |
2 | Jun 16, 2022 | Jun 16, 2022 | Jul 24, 2022 | ₹1.50 | 1.35% |
3 | Aug 26, 2021 | Aug 26, 2021 | Oct 03, 2021 | ₹1.20 | 1.13% |
4 | Feb 17, 2021 | Feb 17, 2021 | Mar 05, 2021 | ₹5.00 | 6.24% |
5 | Mar 05, 2020 | Mar 05, 2020 | Mar 24, 2020 | ₹1.00 | 5.03% |
FAQ
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