Shree Digvijay Cement Company Limited Stock Forecast

Shree Digvijay Cement Company Limited stock price ended at ₹106.80 on Friday, after losing 0.0935%.
(Updated on May 17, 2024)

SHREDIGCEM.BO Signals & Forecast

There are few to no technical positive signals at the moment. The Shree Digvijay Cement Company 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 ₹108.65. On a fall, the stock will find some support from the short-term average at ₹105.73. 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. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -7.96%. 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 Shree Digvijay Cement Company Limited stock

Shree Digvijay Cement Company Limited finds support from accumulated volume at ₹105.10 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 ₹2.15 between high and low, or 2.05%. For the last week, the stock has had daily average volatility of 2.72%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SHREDIGCEM.BO) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Shree Digvijay Cement Company Limited to open at ₹106.35, and during the day (based on 14 day Average True Range), to move between ₹103.06 and ₹110.54, which gives a possible trading interval of +/-₹3.74 (+/-3.50%) up or down from last closing price. If Shree Digvijay Cement Company Limited takes out the full calculated possible swing range there will be an estimated 7.00% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹105.10 (1.59%) than the resistance at ₹113.50 (6.27%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Shree Digvijay Cement Company Limited stock A Buy?

The Shree Digvijay Cement Company Limited stock holds several negative signals and despite the positive trend, we believe Shree Digvijay Cement Company Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -1.817 Sell Candidate Unchanged

Predicted Opening Price for Shree Digvijay Cement Company Limited of Tuesday, May 21, 2024

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