The Sandesh Limited Stock Forecast

The Sandesh Limited stock upgraded to Hold/Accumulate.
(Updated on May 02, 2024)

SANDESH.NS Signals & Forecast

The The Sandesh 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 ₹1,234.62 and ₹1,210.22. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Friday, April 05, 2024, and so far it has fallen -1.64%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Monday, December 04, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for The Sandesh Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at ₹1,153.25 and ₹1,112.50. 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, The Sandesh Limited finds support just below today's level at ₹1,153.25. If this is broken, then the next support from accumulated volume will be at ₹1,112.50 and ₹1,085.70.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ₹60.00 (4.88%) between high and low. For the last week, the stock has had daily average volatility of 2.45%.

Our recommended stop-loss: ₹1,220.50 (-4.11%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 18 days ago.)

Trading Expectations (SANDESH.NS) For The Upcoming Trading Day Of Friday 3rd

For the upcoming trading day on Friday, 3rd we expect The Sandesh Limited to open at ₹1,264.25, and during the day (based on 14 day Average True Range), to move between ₹1,236.32 and ₹1,309.18, which gives a possible trading interval of +/-₹36.43 (+/-2.86%) up or down from last closing price. If The Sandesh Limited takes out the full calculated possible swing range there will be an estimated 5.72% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹1,294.80 (1.73%) than the support at ₹1,153.25 (9.39%), 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 The Sandesh Limited stock A Buy?

The Sandesh 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for The Sandesh Limited of Friday, May 3, 2024

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