Rushil Décor Limited Stock Forecast
Red day on Tuesday for Rushil Décor Limited
(Updated on Jul 02, 2024)
The Rushil Décor Limited stock price fell by -0.217% on the last day (Tuesday, 2nd Jul 2024) from ₹346.40 to ₹345.65. During the last trading day the stock fluctuated 3.49% from a day low at ₹338.20 to a day high of ₹350.00. The price has fallen in 6 of the last 10 days but is still up by 6.96% over the past 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 -61 thousand shares and in total, 96 thousand shares were bought and sold for approximately ₹33.28 million.
The stock lies in the middle of a 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 8.23% during the next 3 months and, with a 90% probability hold a price between ₹335.45 and ₹385.71 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
RUSHIL.NS Signals & Forecast
The Rushil Décor 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 ₹346.46. On a fall, the stock will find some support from the long-term average at approximately ₹324.81. 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 Tuesday, June 25, 2024, and so far it has fallen -2.41%. 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 Rushil Décor Limited stock
Rushil Décor Limited finds support from accumulated volume at ₹330.40 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 ₹11.80 between high and low, or 3.49%. For the last week, the stock has had daily average volatility of 4.00%.
Our recommended stop-loss: ₹330.59 (-4.36%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 34 days ago.)
Trading Expectations (RUSHIL.NS) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Rushil Décor Limited to open at ₹344.62, and during the day (based on 14 day Average True Range), to move between ₹332.22 and ₹359.08, which gives a possible trading interval of +/-₹13.43 (+/-3.89%) up or down from last closing price. If Rushil Décor Limited takes out the full calculated possible swing range there will be an estimated 7.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹346.45 (0.23%) than the support at ₹330.40 (4.41%), 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 Rushil Décor Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Rushil Décor Limited stock to perform well in the short-term.
Current score: 2.578 Buy Candidate Unchanged
Predicted Opening Price for Rushil Décor Limited of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| ₹344.62 ( 0.299%) | ₹345.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RUSHIL.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 356.42 | 3.11% |
| R2 | 351.91 | 1.81% |
| R1 | 349.12 | 1.01% |
| Price | 345.65 | |
| S1 | 340.11 | -1.60% |
| S2 | 337.32 | -2.41% |
| S3 | 332.82 | -3.71% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 354.20 | 2.47% |
| R2 | 348.45 | 0.81% |
| R1 | 346.45 | 0.231% |
| Price | 345.65 | |
| S1 | 330.40 | -4.41% |
| S2 | 319.00 | -7.71% |
| S3 | 304.35 | -11.95% |
RUSHIL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 15, 2023 | Sep 15, 2023 | Oct 25, 2023 | ₹0.500 | 0.149% |
| 2 | Sep 19, 2022 | Sep 19, 2022 | Sep 19, 2022 | ₹0.444 | 0.0860% |
| 3 | Sep 17, 2021 | Sep 17, 2021 | Sep 17, 2021 | ₹0.444 | 0.191% |
| 4 | Dec 10, 2020 | Dec 10, 2020 | Dec 10, 2020 | ₹0.444 | 0.352% |
| 5 | May 18, 2019 | Sep 12, 2019 | Oct 21, 2019 | ₹0.388 | 0.508% |
FAQ
Click here for our free guide on how to buy Rushil Décor Limited Stock.
