RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SAREGAMA.NS
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Saregama India Limited stock price down 0.287% on Thursday
(Updated on Mar 28, 2024)

Sell candidate since Mar 22, 2024 Loss -4.85% PDF

The Saregama India Limited stock price fell by -0.287% on the last day (Thursday, 28th Mar 2024) from ₹348.35 to ₹347.35. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 3.10% from a day low at ₹340.25 to a day high of ₹350.80. The price has fallen in 6 of the last 10 days but is still up by 0.52% over the past 2 weeks. Volume has increased on the last day by 50 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, 659 thousand shares were bought and sold for approximately ₹228.79 million.

The stock has broken the wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at ₹348.45. A reaction back to this level may hold a second chance to get out before further falls.

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SAREGAMA.NS Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, March 13, 2024, and so far it has risen 0.521%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Saregama India 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 ₹359.84 and ₹379.46. A break-up above any of these levels will issue buy signals. 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 Saregama India Limited stock

Saregama India Limited finds support from accumulated volume at ₹345.55 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 ₹10.55 between high and low, or 3.10%. For the last week, the stock has had daily average volatility of 3.39%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SAREGAMA.NS) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Saregama India Limited to open at ₹346.13, and during the day (based on 14 day Average True Range), to move between ₹332.49 and ₹362.21, which gives a possible trading interval of +/-₹14.86 (+/-4.28%) up or down from last closing price. If Saregama India Limited takes out the full calculated possible swing range there will be an estimated 8.56% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹345.55 (0.52%) than the resistance at ₹390.80 (12.51%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Saregama India Limited stock A Buy?

The Saregama India Limited stock holds several negative signals and despite the positive trend, we believe Saregama India Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -1.382 Sell Candidate Unchanged

Predicted Opening Price for Saregama India Limited of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
₹346.13 ( 0.350%) ₹347.35

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

Trading levels for SAREGAMA.NS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 356.68 2.69 %
R2 352.65 1.53 %
R1 350.16 0.81 %
Current price: 347.35
Support S1 342.10 -1.51 %
S2 339.61 -2.23 %
S3 335.58 -3.39 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 415.35 19.58 %
R2 406.90 17.14 %
R1 390.80 12.51 %
Current price 347.35
Support S1 345.55 -0.518%
S2 345.45 -0.547%
S3 332.70 -4.22%

SAREGAMA Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 21, 2024 Feb 21, 2024 Mar 10, 2024 ₹4.00 1.03%
2 Feb 02, 2023 Feb 02, 2023 Feb 02, 2023 ₹3.00 0.88%
3 Jan 31, 2022 Jan 31, 2022 Jan 31, 2022 ₹3.00 0.640%
4 Apr 05, 2021 Apr 05, 2021 Apr 05, 2021 ₹2.00 1.18%
5 Jun 05, 2020 Aug 03, 2020 Sep 10, 2020 ₹0.150 0.285%

FAQ

What is the symbol for Saregama India Limited Stock and on which exchange is it traded?
The symbol for Saregama India Limited is SAREGAMA.NS and it is traded on the NSE (National Stock Exchange of India).

Should I buy or sell Saregama India Limited Stock?
The Saregama India Limited stock holds several negative signals and despite the positive trend, we believe Saregama India Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

How to buy Saregama India Limited Stock?
Saregama India Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Saregama India Limited Stock.

What's the current price of Saregama India Limited Stock?
As of the end of day on the 2024-03-28, the price of an Saregama India Limited (SAREGAMA.NS) share was ₹347.35.

What is the 52-week high and low for Saregama India Limited Stock?
The 52-week high for Saregama India Limited Stock is ₹489.45 and the 52-week low is ₹303.25.

What is the market capitalization of Saregama India Limited Stock?
As of the 2024-03-28, the market capitalization of Saregama India Limited is 66.813B.

When is the next earnings date for Saregama India Limited?
The upcoming earnings date for Saregama India Limited is May 17, 2024.
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About Saregama India Limited

Saregama India Limited Saregama India Limited engages in the sound recording and publishing business in India and internationally. The company operates through Music, Films/TV Serials, and Publication segments. The Music segment manufactures and sells music storage devices, such as carvaan, mini carvaan, music cards, audio compact discs, digital versatile discs, etc., as well as deals with related music rights. The Films/TV Serials segment produces, sells, telecasts, a... SAREGAMA.NS Profile

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