Shradha Infraprojects Limited Stock Forecast
Shradha Infraprojects Limited stock price ended at ₹138.67 on Thursday, after losing 1.72%.
(Updated on Jun 27, 2024)
The Shradha Infraprojects Limited stock price fell by -1.72% on the last day (Thursday, 27th Jun 2024) from ₹141.10 to ₹138.67. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 4.44% from a day low at ₹134.04 to a day high of ₹139.99. The price has been going up and down for this period, and there has been a 48.8% gain for the last 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 -30 thousand shares and in total, 64 thousand shares were bought and sold for approximately ₹8.90 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 62.52% during the next 3 months and, with a 90% probability hold a price between ₹182.85 and ₹261.19 at the end of this 3-month period.
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SHRADHA.NS Signals & Forecast
The Shradha Infraprojects Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₹133.07 and ₹100.98. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -9.16%. Further fall is indicated until a new bottom pivot has been found. 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 Shradha Infraprojects Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹115.65. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at ₹ may give a huge drop in the stock price.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ₹5.95 between high and low, or 4.44%. For the last week, the stock has had daily average volatility of 9.45%.
Our recommended stop-loss: ₹132.88 (-4.17%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (SHRADHA.NS) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Shradha Infraprojects Limited to open at ₹137.57, and during the day (based on 14 day Average True Range), to move between ₹128.72 and ₹148.62, which gives a possible trading interval of +/-₹9.95 (+/-7.18%) up or down from last closing price. If Shradha Infraprojects Limited takes out the full calculated possible swing range there will be an estimated 14.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹138.78 (0.08%) than the support at ₹115.65 (16.60%), 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 Shradha Infraprojects Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Shradha Infraprojects Limited stock to perform well in the short-term.
Current score: 1.396 Buy Candidate Unchanged
Predicted Opening Price for Shradha Infraprojects Limited of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| ₹137.57 ( 0.796%) | ₹138.67 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SHRADHA.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 143.52 | 3.50% |
| R2 | 141.24 | 1.86% |
| R1 | 139.84 | 0.84% |
| Price | 138.67 | |
| S1 | 135.29 | -2.43% |
| S2 | 133.89 | -3.45% |
| S3 | 131.62 | -5.09% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 152.65 | 10.08% |
| R2 | 148.23 | 6.89% |
| R1 | 138.78 | 0.0793% |
| Price | 138.67 | |
| S1 | 115.65 | -16.60% |
| S2 | 0 | - |
| S3 | 0 | - |
SHRADHA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 12, 2024 | Jul 12, 2024 | Aug 26, 2024 | ₹1.00 | 0.721% |
| 2 | Jul 07, 2023 | Jul 07, 2023 | Jul 23, 2023 | ₹0.250 | 0.559% |
| 3 | Jan 20, 2023 | Jan 20, 2023 | Feb 09, 2023 | ₹1.00 | 2.34% |
| 4 | Sep 19, 2019 | Sep 19, 2019 | Oct 27, 2019 | ₹0.238 | 1.39% |
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