Senthil Infotek Limited Stock Forecast
Senthil Infotek Limited stock price ended at ₹18.38 on Thursday, after gaining 4.91%.
(Updated on Jun 27, 2024)
The Senthil Infotek Limited stock price gained 4.91% on the last trading day (Thursday, 27th Jun 2024), rising from ₹17.52 to ₹18.38. During the last trading day the stock fluctuated 0.109% from a day low at ₹18.37 to a day high of ₹18.39. The price has fallen in 5 of the last 10 days but is still up by 1.55% over the past 2 weeks. Volume fell on the last day by -209 shares and in total, 521 shares were bought and sold for approximately ₹9.58 thousand. 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.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 28.26% during the next 3 months and, with a 90% probability hold a price between ₹21.08 and ₹25.99 at the end of this 3-month period.
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SENINFO.BO Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, June 07, 2024, and so far it has fallen -0.97%. 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 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. The Senthil Infotek 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 ₹17.47 and ₹16.83. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Senthil Infotek Limited stock
Senthil Infotek Limited finds support from accumulated volume at ₹18.20 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved ₹0.0200 between high and low, or 0.109%. For the last week the stock has had daily average volatility of 4.18%.
Our recommended stop-loss: ₹17.74 (-3.50%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (SENINFO.BO) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Senthil Infotek Limited to open at ₹18.38, and during the day (based on 14 day Average True Range), to move between ₹17.72 and ₹19.04, which gives a possible trading interval of +/-₹0.658 (+/-3.58%) up or down from last closing price. If Senthil Infotek Limited takes out the full calculated possible swing range there will be an estimated 7.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹18.46 (0.44%) than the support at ₹18.20 (0.98%), 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 Senthil Infotek Limited 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 Senthil Infotek Limited stock to perform well in the short-term.
Current score: 2.938 Buy Candidate Unchanged
Predicted Opening Price for Senthil Infotek Limited of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| ₹18.38 ( 0%) | ₹18.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SENINFO.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 18.40 | 0.109% |
| R2 | 18.39 | 0.0672% |
| R1 | 18.39 | 0.0416% |
| Price | 18.38 | |
| S1 | 18.37 | -0.0416% |
| S2 | 18.37 | -0.0672% |
| S3 | 18.36 | -0.109% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 18.56 | 0.98% |
| R1 | 18.46 | 0.435% |
| Price | 18.38 | |
| S1 | 18.20 | -0.98% |
| S2 | 16.69 | -9.19% |
| S3 | 16.50 | -10.23% |
FAQ
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