Sri Adhikari Bros Stock Forecast
Sri Adhikari Bros stock price up 2.00% on Friday
(Updated on Jun 28, 2024)
The Sri Adhikari Bros stock price gained 2.00% on the last trading day (Friday, 28th Jun 2024), rising from ₹237.68 to ₹242.43. It has now gained 10 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 0% from a day low at ₹242.43 to a day high of ₹242.43. The price has risen in 10 of the last 10 days and is up by 21.87% over the past 2 weeks. Volume fell on the last day by -103 shares and in total, 1 shares were bought and sold for approximately ₹242.43 . 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.
Given the current short-term trend, the stock is expected to rise 60.24% during the next 3 months and, with a 90% probability hold a price between ₹379.42 and ₹388.47 at the end of this 3-month period.
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SABTNL.NS Signals & Forecast
The Sri Adhikari Bros 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 ₹228.64 and ₹193.20. 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, November 30, -1. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Sri Adhikari Bros stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹228.46 and ₹215.30. 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, Sri Adhikari Bros finds support just below today's level at ₹228.46. If this is broken, then the next support from accumulated volume will be at ₹215.30 and ₹195.03.
This stock may move very much during the day (volatility) and with periodic low trading volume 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 Sri Adhikari Bros 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: ₹12.12 (-5.00%) (Unable to calculate.)
Trading Expectations (SABTNL.NS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Sri Adhikari Bros to open at ₹242.43, and during the day (based on 14 day Average True Range), to move between ₹238.49 and ₹246.37, which gives a possible trading interval of +/-₹3.94 (+/-1.62%) up or down from last closing price. If Sri Adhikari Bros takes out the full calculated possible swing range there will be an estimated 3.25% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₹228.46, some ₹13.97 (5.76%) from the current price of ₹242.43, our system finds the risk reward attractive.
Is Sri Adhikari Bros 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 Sri Adhikari Bros stock to perform well in the short-term.
Current score: 2.188 Buy Candidate Unchanged
Predicted Opening Price for Sri Adhikari Bros of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₹242.43 ( 0.00000000%) | ₹242.43 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SABTNL.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 242.43 | 0.00000000% |
| R2 | 242.43 | 0.00000000% |
| R1 | 242.43 | 0.00000000% |
| Price | 242.43 | |
| S1 | 242.43 | 0.00000000% |
| S2 | 242.43 | 0.00000000% |
| S3 | 242.43 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 242.43 | |
| S1 | 228.46 | -5.76% |
| S2 | 215.30 | -11.19% |
| S3 | 195.03 | -19.55% |
SABTNL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 15, 2017 | Sep 15, 2017 | Sep 15, 2017 | ₹60.00 | 0.464% |
| 2 | Sep 22, 2016 | Sep 22, 2016 | Sep 22, 2016 | ₹60.00 | 0.228% |
| 3 | Sep 16, 2015 | Sep 16, 2015 | Sep 16, 2015 | ₹60.00 | 0.207% |
| 4 | Sep 18, 2014 | Sep 18, 2014 | Sep 18, 2014 | ₹60.00 | 0.437% |
| 5 | Sep 19, 2013 | Sep 19, 2013 | Sep 19, 2013 | ₹60.00 | 0.788% |
FAQ
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