RSI low/high Values: [ 20 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SHK.BO
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S H Kelkar and Company Limited stock upgraded to Hold/Accumulate.
(Updated on Mar 27, 2024)

Hold candidate since Mar 27, 2024 PDF

The S H Kelkar and Company Limited stock price fell by -1.09% on the last day (Wednesday, 27th Mar 2024) from ₹206.55 to ₹204.30. During the last trading day the stock fluctuated 3.92% from a day low at ₹201.50 to a day high of ₹209.40. The price has risen in 6 of the last 10 days and is up by 7.36% 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 -12 thousand shares and in total, 16 thousand shares were bought and sold for approximately ₹3.21 million.

The stock lies in the middle of a very 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 25.73% during the next 3 months and, with a 90% probability hold a price between ₹224.03 and ₹280.78 at the end of this 3-month period.

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SHK.BO Signals & Forecast

The S H Kelkar and Company Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₹197.06 and ₹199.64. A breakdown below any of these levels will issue sell signals. 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 05, 2024, and so far it has fallen -4.08%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for S H Kelkar and Company Limited stock

S H Kelkar and Company Limited finds support from accumulated volume at ₹200.35 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 ₹7.90 between high and low, or 3.92%. For the last week, the stock has had daily average volatility of 4.74%.

Our recommended stop-loss: ₹194.92 (-4.59%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 14 days ago.)

Trading Expectations (SHK.BO) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect S H Kelkar and Company Limited to open at ₹205.07, and during the day (based on 14 day Average True Range), to move between ₹192.77 and ₹215.83, which gives a possible trading interval of +/-₹11.53 (+/-5.64%) up or down from last closing price. If S H Kelkar and Company Limited takes out the full calculated possible swing range there will be an estimated 11.29% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹207.50 (1.57%) than the support at ₹200.35 (1.93%), 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 S H Kelkar and Company Limited stock A Buy?

S H Kelkar and Company 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: 0.008 Hold/Accumulate Upgraded

Predicted Opening Price for S H Kelkar and Company Limited of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
₹205.07 ( 0.375%) ₹204.30

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

Trading levels for SHK.BO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 212.97 4.24 %
R2 209.95 2.76 %
R1 208.08 1.85 %
Current price: 204.30
Support S1 202.05 -1.10 %
S2 200.18 -2.01 %
S3 197.17 -3.49 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 209.60 2.59 %
R2 209.35 2.47 %
R1 207.50 1.57 %
Current price 204.30
Support S1 200.35 -1.93%
S2 181.90 -10.96%
S3 162.25 -20.58%

FAQ

What is the symbol for S H Kelkar and Company Limited Stock and on which exchange is it traded?
The symbol for S H Kelkar and Company Limited is SHK.BO and it is traded on the XBOM (Bombay Stock Exchange).

Should I buy or sell S H Kelkar and Company Limited Stock?
S H Kelkar and Company 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 S H Kelkar and Company Limited Stock?
S H Kelkar and Company 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 S H Kelkar and Company Limited Stock.

What's the current price of S H Kelkar and Company Limited Stock?
As of the end of day on the 2024-03-27, the price of an S H Kelkar and Company Limited (SHK.BO) share was ₹204.30.

What is the 52-week high and low for S H Kelkar and Company Limited Stock?
The 52-week high for S H Kelkar and Company Limited Stock is ₹226.35 and the 52-week low is ₹82.60.

When is the next earnings date for S H Kelkar and Company Limited?
The upcoming earnings date for S H Kelkar and Company Limited is May 28, 2024.
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