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AI Analysis of SHEMAROO.BO
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Shemaroo Entertainment Limited stock upgraded to Hold/Accumulate.
(Updated on Jun 14, 2024)

Hold candidate since Jun 14, 2024 PDF

The Shemaroo Entertainment Limited stock price fell by -0.399% on the last day (Friday, 14th Jun 2024) from ₹150.50 to ₹149.90. During the last trading day the stock fluctuated 1.34% from a day low at ₹149.55 to a day high of ₹151.55. The price has risen in 6 of the last 10 days and is up by 6.58% over the past 2 weeks. 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 -3 thousand shares and in total, 3 thousand shares were bought and sold for approximately ₹397.24 thousand.

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 -4.20% during the next 3 months and, with a 90% probability hold a price between ₹128.36 and ₹161.37 at the end of this 3-month period.

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SHEMAROO.BO Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 11.04%. Further rise is indicated until a new top pivot has been found. 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. The Shemaroo Entertainment 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 ₹153.10. On a fall, the stock will find some support from the short-term average at ₹147.80. 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. 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 Shemaroo Entertainment Limited stock

Shemaroo Entertainment Limited finds support from accumulated volume at ₹142.75 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 ₹2.00 between high and low, or 1.34%. For the last week the stock has had daily average volatility of 2.19%.

Our recommended stop-loss: ₹144.38 (-3.68%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 35 days ago.)

Trading Expectations (SHEMAROO.BO) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Shemaroo Entertainment Limited to open at ₹150.33, and during the day (based on 14 day Average True Range), to move between ₹144.11 and ₹155.69, which gives a possible trading interval of +/-₹5.79 (+/-3.86%) up or down from last closing price. If Shemaroo Entertainment Limited takes out the full calculated possible swing range there will be an estimated 7.72% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹150.50 (0.40%) than the support at ₹142.75 (4.77%), 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 Shemaroo Entertainment Limited stock A Buy?

Shemaroo Entertainment 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.868 Hold/Accumulate Upgraded

Predicted Opening Price for Shemaroo Entertainment Limited of Tuesday, June 18, 2024

Fair opening price June 18, 2024 Current price
₹150.33 ( 0.289%) ₹149.90

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

Trading levels for SHEMAROO.BO

Fibonacci Support & Resistance Levels

Level Price
R3 152.33 1.62%
R2 151.57 1.11%
R1 151.10 0.799%
Price 149.90
S1 149.57 -0.221%
S2 149.10 -0.535%
S3 148.33 -1.05%

Accumulated Volume Support & Resistance Levels

Level Price
R3 172.90 15.34%
R2 168.10 12.14%
R1 150.50 0.400%
Price 149.90
S1 142.75 -4.77%
S2 141.65 -5.50%
S3 141.00 -5.94%

SHEMAROO Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Sep 16, 2019 Sep 16, 2019 Oct 24, 2019 ₹1.65 0.91%
2 Sep 19, 2017 Sep 19, 2017 Oct 27, 2017 ₹1.40 0.359%
3 Sep 16, 2016 Sep 16, 2016 Sep 16, 2016 ₹1.40 0.415%
4 Sep 11, 2015 Sep 11, 2015 Sep 11, 2015 ₹1.20 0.478%

FAQ

What is the symbol for Shemaroo Entertainment Limited Stock and on which exchange is it traded?
The symbol for Shemaroo Entertainment Limited is SHEMAROO.BO and it is traded on the XBOM (Bombay Stock Exchange).

Should I buy or sell Shemaroo Entertainment Limited Stock?
Shemaroo Entertainment 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Shemaroo Entertainment Limited Stock?
Shemaroo Entertainment 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 Shemaroo Entertainment Limited Stock.

What's the current price of Shemaroo Entertainment Limited Stock?
As of the end of day on the Jun 14, 2024, the price of an Shemaroo Entertainment Limited (SHEMAROO.BO) share was ₹149.90.

What is the 52-week high and low for Shemaroo Entertainment Limited Stock?
The 52-week high for Shemaroo Entertainment Limited Stock is ₹239.80 and the 52-week low is ₹122.00.

What is the market capitalization of Shemaroo Entertainment Limited Stock?
As of the Jun 14, 2024, the market capitalization of Shemaroo Entertainment Limited is 4.087B.

When is the next earnings date for Shemaroo Entertainment Limited?
The upcoming earnings date for Shemaroo Entertainment Limited is Jul 17, 2024.
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