Rollatainers Limited Stock Forecast

Rollatainers Limited stock upgraded from Buy Candidate to Strong Buy Candidate after Friday trading session.
(Updated on May 10, 2024)

ROLLT.BO Signals & Forecast

Mostly positive signals in the chart today. The Rollatainers 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 ₹3.42 and ₹2.28. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 200.83%. 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 is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Rollatainers Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at ₹3.24 and ₹3.18. 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, Rollatainers Limited finds support just below today's level at ₹3.24. If this is broken, then the next support from accumulated volume will be at ₹3.18 and ₹2.98.

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 ₹0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 0%.

Since the Rollatainers Limited has been rising for 10 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: ₹3.47 (-4.00%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 34 days ago.)

Trading Expectations (ROLLT.BO) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Rollatainers Limited to open at ₹3.61, and during the day (based on 14 day Average True Range), to move between ₹3.52 and ₹3.70, which gives a possible trading interval of +/-₹0.0875 (+/-2.42%) up or down from last closing price. If Rollatainers Limited takes out the full calculated possible swing range there will be an estimated 4.85% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ ₹3.24, some ₹0.370 (10.25%) from the current price of ₹3.61, our system finds the risk reward attractive.

Is Rollatainers Limited stock A Buy?

Rollatainers Limited holds several positive signals and is within a strong 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.438 Strong Buy Candidate Upgraded

Predicted Opening Price for Rollatainers Limited of Monday, May 13, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.