RSI low/high Values: [ 25 - 75 ]
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AI Analysis of SDBL.BO
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Som Distilleries & Breweries Limited stock price down 3.68% on Thursday
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 22, 2024 Loss -3.31% PDF

The Som Distilleries & Breweries Limited stock price fell by -3.68% on the last day (Thursday, 28th Mar 2024) from ₹272.85 to ₹262.80. During the last trading day the stock fluctuated 6.57% from a day low at ₹258.85 to a day high of ₹275.85. The price has been going up and down for this period, and there has been a 19.05% gain for the last 2 weeks. Volume has increased on the last day by 84 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, 117 thousand shares were bought and sold for approximately ₹30.62 million.

The stock lies in the middle of a very 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 -12.64% during the next 3 months and, with a 90% probability hold a price between ₹187.24 and ₹240.79 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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SDBL.BO Signals & Forecast

The Som Distilleries & Breweries 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 ₹259.71 and ₹257.98. 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, March 26, 2024, and so far it has fallen -5.09%. Further fall is indicated until a new bottom pivot has been found. 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 Som Distilleries & Breweries Limited stock

Som Distilleries & Breweries Limited finds support from accumulated volume at ₹262.05 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 ₹17.00 between high and low, or 6.57%. For the last week, the stock has had daily average volatility of 6.11%.

Our recommended stop-loss: ₹250.20 (-4.79%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (SDBL.BO) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Som Distilleries & Breweries Limited to open at ₹265.83, and during the day (based on 14 day Average True Range), to move between ₹247.94 and ₹277.66, which gives a possible trading interval of +/-₹14.86 (+/-5.65%) up or down from last closing price. If Som Distilleries & Breweries Limited takes out the full calculated possible swing range there will be an estimated 11.31% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹263.20 (0.15%) than the support at ₹262.05 (0.29%), 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 Som Distilleries & Breweries Limited stock A Buy?

Som Distilleries & Breweries 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.

Current score: 0.456 Hold/Accumulate Unchanged

Predicted Opening Price for Som Distilleries & Breweries Limited of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
₹265.83 ( 1.15%) ₹262.80

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

Trading levels for SDBL.BO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 282.83 7.62 %
R2 276.34 5.15 %
R1 272.33 3.63 %
Current price: 262.80
Support S1 259.34 -1.32 %
S2 255.33 -2.84 %
S3 248.83 -5.31 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 290.05 10.37 %
R2 284.35 8.20 %
R1 263.20 0.152 %
Current price 262.80
Support S1 262.05 -0.285%
S2 259.10 -1.41%
S3 256.90 -2.25%

FAQ

What is the symbol for Som Distilleries & Breweries Limited Stock and on which exchange is it traded?
The symbol for Som Distilleries & Breweries Limited is SDBL.BO and it is traded on the XBOM (Bombay Stock Exchange).

Should I buy or sell Som Distilleries & Breweries Limited Stock?
Som Distilleries & Breweries 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.

How to buy Som Distilleries & Breweries Limited Stock?
Som Distilleries & Breweries 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 Som Distilleries & Breweries Limited Stock.

What's the current price of Som Distilleries & Breweries Limited Stock?
As of the end of day on the 2024-03-28, the price of an Som Distilleries & Breweries Limited (SDBL.BO) share was ₹262.80.

What is the 52-week high and low for Som Distilleries & Breweries Limited Stock?
The 52-week high for Som Distilleries & Breweries Limited Stock is ₹389.80 and the 52-week low is ₹136.55.

When is the next earnings date for Som Distilleries & Breweries Limited?
The upcoming earnings date for Som Distilleries & Breweries Limited is Apr 25, 2024.
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