Shashijit Infraprojects Limited Stock Forecast
Shashijit Infraprojects Limited stock price down 0.482% on Friday
(Updated on Jun 21, 2024)
The Shashijit Infraprojects Limited stock price fell by -0.482% on the last day (Friday, 21st Jun 2024) from ₹6.22 to ₹6.19. During the last trading day the stock fluctuated 6.58% from a day low at ₹6.08 to a day high of ₹6.48. The price has fallen in 7 of the last 10 days and is down by -1.43% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -52 thousand shares and in total, 64 thousand shares were bought and sold for approximately ₹398.34 thousand.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Shashijit Infraprojects Limited stock with a 90% probability to be traded between ₹5.64 and ₹7.16 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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SHASHIJIT.BO Signals & Forecast
There are mixed signals in the stock today. The Shashijit Infraprojects Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₹6.49. On a fall, the stock will find some support from the short-term average at ₹6.08. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, June 19, 2024, and so far it has fallen -3.73%. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Shashijit Infraprojects Limited stock
Shashijit Infraprojects Limited finds support from accumulated volume at ₹6.11 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 ₹0.400 between high and low, or 6.58%. For the last week the stock has had daily average volatility of 13.18%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SHASHIJIT.BO) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Shashijit Infraprojects Limited to open at ₹6.25, and during the day (based on 14 day Average True Range), to move between ₹5.66 and ₹6.72, which gives a possible trading interval of +/-₹0.529 (+/-8.55%) up or down from last closing price. If Shashijit Infraprojects Limited takes out the full calculated possible swing range there will be an estimated 17.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹6.11 (1.29%) than the resistance at ₹6.40 (3.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Shashijit Infraprojects Limited stock A Buy?
Shashijit Infraprojects Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.243 Sell Candidate Unchanged
Predicted Opening Price for Shashijit Infraprojects Limited of Monday, June 24, 2024
Fair opening price June 24, 2024 | Current price |
---|---|
₹6.25 ( 0.97%) | ₹6.19 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SHASHIJIT.BO
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 6.65 | 7.43% |
R2 | 6.50 | 4.96% |
R1 | 6.40 | 3.44% |
Price | 6.19 | |
S1 | 6.10 | -1.50% |
S2 | 6.00 | -3.02% |
S3 | 5.85 | -5.49% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 7.09 | 14.54% |
R2 | 6.62 | 6.95% |
R1 | 6.40 | 3.39% |
Price | 6.19 | |
S1 | 6.11 | -1.29% |
S2 | 6.08 | -1.78% |
S3 | 5.65 | -8.72% |
SHASHIJIT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 20, 2019 | Sep 20, 2019 | Oct 30, 2019 | ₹0.0100 | 0.0308% |
2 | Sep 12, 2018 | Sep 12, 2018 | Oct 29, 2018 | ₹0.0333 | 0.136% |
3 | Sep 14, 2017 | Sep 14, 2017 | Oct 25, 2017 | ₹0.0217 | 0.0963% |
FAQ
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