Shivalik Rasayan Limited Stock Forecast
Shivalik Rasayan Limited stock price ended at ₹580.05 on Friday, after losing 0.189%.
(Updated on Jun 14, 2024)
The Shivalik Rasayan Limited stock price fell by -0.189% on the last day (Friday, 14th Jun 2024) from ₹581.15 to ₹580.05. During the last trading day the stock fluctuated 2.49% from a day low at ₹574.95 to a day high of ₹589.25. The price has fallen in 6 of the last 10 days and is down by -2.6% 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 -2 thousand shares and in total, 1 thousand shares were bought and sold for approximately ₹770.89 thousand.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₹554.88 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 5.19% during the next 3 months and, with a 90% probability hold a price between ₹583.70 and ₹746.70 at the end of this 3-month period.
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SHIVALIK.BO Signals & Forecast
There are mixed signals in the stock today. The Shivalik Rasayan 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 ₹582.98 and ₹604.13. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 5.45%. 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).
Support, Risk & Stop-loss for Shivalik Rasayan Limited stock
Shivalik Rasayan Limited finds support from accumulated volume at ₹577.55 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved ₹14.30 between high and low, or 2.49%. For the last week the stock has had daily average volatility of 2.87%.
Our recommended stop-loss: ₹551.56 (-4.91%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 32 days ago.)
Trading Expectations (SHIVALIK.BO) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Shivalik Rasayan Limited to open at ₹581.42, and during the day (based on 14 day Average True Range), to move between ₹555.97 and ₹604.13, which gives a possible trading interval of +/-₹24.08 (+/-4.15%) up or down from last closing price. If Shivalik Rasayan Limited takes out the full calculated possible swing range there will be an estimated 8.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹577.55 (0.43%) than the resistance at ₹662.30 (14.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Shivalik Rasayan Limited stock A Buy?
Shivalik Rasayan 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: -0.894 Hold/Accumulate Unchanged
Predicted Opening Price for Shivalik Rasayan Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ₹581.42 ( 0.236%) | ₹580.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SHIVALIK.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 595.72 | 2.70% |
| R2 | 590.25 | 1.76% |
| R1 | 586.88 | 1.18% |
| Price | 580.05 | |
| S1 | 575.95 | -0.706% |
| S2 | 572.58 | -1.29% |
| S3 | 567.12 | -2.23% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 690.50 | 19.04% |
| R2 | 671.80 | 15.82% |
| R1 | 662.30 | 14.18% |
| Price | 580.05 | |
| S1 | 577.55 | -0.431% |
| S2 | 568.15 | -2.05% |
| S3 | 567.05 | -2.24% |
SHIVALIK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 22, 2023 | Sep 22, 2023 | Oct 29, 2023 | ₹0.500 | 0.0718% |
| 2 | Sep 21, 2022 | Sep 21, 2022 | Oct 29, 2022 | ₹0.500 | 0.0612% |
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