S H Kelkar and Company Limited Stock Forecast
S H Kelkar and Company Limited stock price ended at ₹185.25 on Friday, after losing 0.215%.
(Updated on Jun 28, 2024)
The S H Kelkar and Company Limited stock price fell by -0.215% on the last day (Friday, 28th Jun 2024) from ₹185.65 to ₹185.25. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.28% from a day low at ₹184.55 to a day high of ₹188.75. The price has been going up and down for this period, and there has been a -7.84% loss for the last 2 weeks. Volume has increased on the last day by 116 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 214 thousand shares were bought and sold for approximately ₹39.57 million.
The stock lies in the middle of a 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 -6.87% during the next 3 months and, with a 90% probability hold a price between ₹161.34 and ₹191.97 at the end of this 3-month period.
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SHK.BO Signals & Forecast
There are few to no technical positive signals at the moment. The S H Kelkar and Company Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₹196.68 and ₹195.67. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -10.70%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for S H Kelkar and Company Limited stock
S H Kelkar and Company Limited finds support from accumulated volume at ₹177.70 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 ₹4.20 between high and low, or 2.28%. For the last week, the stock has had daily average volatility of 4.33%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SHK.BO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect S H Kelkar and Company Limited to open at ₹186.18, and during the day (based on 14 day Average True Range), to move between ₹177.14 and ₹193.36, which gives a possible trading interval of +/-₹8.11 (+/-4.38%) 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 8.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹177.70 (4.08%) than the resistance at ₹207.40 (11.96%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is S H Kelkar and Company Limited stock A Buy?
S H Kelkar and Company Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -5.114 Strong Sell Candidate Unchanged
Predicted Opening Price for S H Kelkar and Company Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₹186.18 ( 0.504%) | ₹185.25 |
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 | |
|---|---|---|
| R3 | 190.38 | 2.77% |
| R2 | 188.78 | 1.90% |
| R1 | 187.79 | 1.37% |
| Price | 185.25 | |
| S1 | 184.58 | -0.362% |
| S2 | 183.59 | -0.90% |
| S3 | 181.98 | -1.76% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 223.65 | 20.73% |
| R2 | 207.45 | 11.98% |
| R1 | 207.40 | 11.96% |
| Price | 185.25 | |
| S1 | 177.70 | -4.08% |
| S2 | 0 | - |
| S3 | 0 | - |
SHK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 12, 2024 | Apr 12, 2024 | Apr 28, 2024 | ₹0.750 | 0.364% |
| 2 | Aug 03, 2023 | Aug 03, 2023 | Sep 09, 2023 | ₹2.00 | 1.20% |
| 3 | Aug 02, 2022 | Aug 02, 2022 | Sep 09, 2022 | ₹0.750 | 0.503% |
| 4 | Aug 02, 2017 | Aug 02, 2017 | Sep 09, 2017 | ₹1.75 | 0.667% |
| 5 | Mar 17, 2016 | Mar 17, 2016 | Mar 17, 2016 | ₹1.50 | 0.632% |
FAQ
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