Raghav Productivity Enhancers Limited Stock Forecast

Weaker technical forecast for Raghav Productivity Enhancers Limited as stock downgraded to Hold/Accumulate.
(Updated on May 29, 2024)

RPEL.BO Signals & Forecast

The Raghav Productivity Enhancers 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 ₹699.18 and ₹657.36. A breakdown below any of these levels will issue sell signals. 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 Tuesday, May 14, 2024, and so far it has fallen -4.86%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Raghav Productivity Enhancers Limited stock

Raghav Productivity Enhancers Limited finds support from accumulated volume at ₹692.40 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹17.50 between high and low, or 2.50%. For the last week, the stock has had daily average volatility of 4.39%.

Our recommended stop-loss: ₹664.96 (-5.72%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 48 days ago.)

Trading Expectations (RPEL.BO) For The Upcoming Trading Day Of Thursday 30th

For the upcoming trading day on Thursday, 30th we expect Raghav Productivity Enhancers Limited to open at ₹706.93, and during the day (based on 14 day Average True Range), to move between ₹670.02 and ₹740.58, which gives a possible trading interval of +/-₹35.28 (+/-5.00%) up or down from last closing price. If Raghav Productivity Enhancers Limited takes out the full calculated possible swing range there will be an estimated 10.00% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹709.15 (0.55%) than the support at ₹692.40 (1.83%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Raghav Productivity Enhancers Limited stock A Buy?

Raghav Productivity Enhancers 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.828 Hold/Accumulate Downgraded

Predicted Opening Price for Raghav Productivity Enhancers Limited of Thursday, May 30, 2024

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