Sandhar Technologies Limited Stock Forecast
Sandhar Technologies Limited stock price down 3.10% on Thursday
(Updated on May 09, 2024)
The Sandhar Technologies Limited stock price fell by -3.10% on the last day (Thursday, 9th May 2024) from ₹491.55 to ₹476.30. During the last trading day the stock fluctuated 5.24% from a day low at ₹474.05 to a day high of ₹498.90. The price has fallen in 6 of the last 10 days and is down by -8.15% for this period. Volume has increased on the last day by 17 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 56 thousand shares were bought and sold for approximately ₹26.45 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.27% during the next 3 months and, with a 90% probability hold a price between ₹439.30 and ₹535.81 at the end of this 3-month period.
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SANDHAR.NS Signals & Forecast
There are few to no technical positive signals at the moment. The Sandhar Technologies Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₹494.69 and ₹507.13. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 18, 2024, and so far it has fallen -11.21%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Sandhar Technologies Limited stock
Sandhar Technologies Limited finds support from accumulated volume at ₹473.50 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 ₹24.85 between high and low, or 5.24%. For the last week, the stock has had daily average volatility of 3.57%.
Sandhar Technologies Limited is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SANDHAR.NS) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Sandhar Technologies Limited to open at ₹483.08, and during the day (based on 14 day Average True Range), to move between ₹457.18 and ₹495.42, which gives a possible trading interval of +/-₹19.12 (+/-4.01%) up or down from last closing price. If Sandhar Technologies Limited takes out the full calculated possible swing range there will be an estimated 8.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹473.50 (0.59%) than the resistance at ₹541.70 (13.73%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sandhar Technologies Limited stock A Buy?
Sandhar Technologies Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.984 Sell Candidate Unchanged
Predicted Opening Price for Sandhar Technologies Limited of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| ₹483.08 ( 1.42%) | ₹476.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SANDHAR.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 507.93 | 6.64 % | |
| R2 | 498.44 | 4.65 % | ||
| R1 | 492.58 | 3.42 % | ||
| Current price: | 476.30 | |||
| Support | S1 | 473.59 | -0.569 % | |
| S2 | 467.73 | -1.80 % | ||
| S3 | 458.23 | -3.79 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 559.90 | 17.55 % | |
| R2 | 548.95 | 15.25 % | ||
| R1 | 541.70 | 13.73 % | ||
| Current price | 476.30 | |||
| Support | S1 | 473.50 | -0.588% | |
| S2 | 467.90 | -1.76% | ||
| S3 | 457.70 | -3.91% |
SANDHAR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 14, 2022 | Sep 14, 2022 | Sep 14, 2022 | ₹2.25 | 0.96% |
| 2 | Sep 15, 2021 | Sep 15, 2021 | Sep 15, 2021 | ₹1.00 | 0.320% |
| 3 | Feb 24, 2021 | Feb 24, 2021 | Feb 24, 2021 | ₹1.25 | 0.513% |
| 4 | Sep 15, 2020 | Sep 15, 2020 | Sep 15, 2020 | ₹0.750 | 0.296% |
| 5 | Feb 10, 2020 | Feb 18, 2020 | Mar 10, 2020 | ₹1.25 | 0.556% |
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