Shree Digvijay Cement Company Ltd. Stock Forecast
Shree Digvijay Cement Company Ltd. stock price ended at ₹109.67 on Friday, after losing 0.98%.
(Updated on Jun 21, 2024)
The Shree Digvijay Cement Company Ltd. stock price fell by -0.98% on the last day (Friday, 21st Jun 2024) from ₹110.76 to ₹109.67. During the last trading day the stock fluctuated 2.00% from a day low at ₹109.31 to a day high of ₹111.50. The price has risen in 6 of the last 10 days and is up by 4.5% 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 -331 thousand shares and in total, 336 thousand shares were bought and sold for approximately ₹36.88 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Shree Digvijay Cement Company Ltd. stock with a 90% probability to be traded between ₹100.35 and ₹117.80 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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SHREDIGCEM.NS Signals & Forecast
The Shree Digvijay Cement Company Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₹110.60. On a fall, the stock will find some support from the long-term average at approximately ₹107.39. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Friday, June 14, 2024, and so far it has fallen -1.86%. 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 Shree Digvijay Cement Company Ltd. stock
Shree Digvijay Cement Company Ltd. finds support from accumulated volume at ₹108.99 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 ₹2.19 between high and low, or 2.00%. For the last week, the stock has had daily average volatility of 2.41%.
Our recommended stop-loss: ₹105.22 (-4.06%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (SHREDIGCEM.NS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Shree Digvijay Cement Company Ltd. to open at ₹110.16, and during the day (based on 14 day Average True Range), to move between ₹106.14 and ₹113.20, which gives a possible trading interval of +/-₹3.53 (+/-3.21%) up or down from last closing price. If Shree Digvijay Cement Company Ltd. takes out the full calculated possible swing range there will be an estimated 6.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹108.99 (0.62%) than the resistance at ₹111.75 (1.90%), 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 Ltd. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Shree Digvijay Cement Company Ltd. stock to perform well in the short-term period.
Current score: 1.398 Buy Candidate Unchanged
Predicted Opening Price for Shree Digvijay Cement Company Ltd. of Monday, June 24, 2024
Fair opening price June 24, 2024 | Current price |
---|---|
₹110.16 ( 0.447%) | ₹109.67 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SHREDIGCEM.NS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 112.35 | 2.44% |
R2 | 111.51 | 1.68% |
R1 | 111.00 | 1.21% |
Price | 109.67 | |
S1 | 109.32 | -0.316% |
S2 | 108.81 | -0.787% |
S3 | 107.97 | -1.55% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 114.20 | 4.13% |
R2 | 113.55 | 3.54% |
R1 | 111.75 | 1.90% |
Price | 109.67 | |
S1 | 108.99 | -0.620% |
S2 | 105.35 | -3.94% |
S3 | 102.50 | -6.54% |
SHREDIGCEM Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 19, 2024 | Jul 19, 2024 | Aug 25, 2024 | ₹3.00 | 2.74% |
2 | Jun 21, 2023 | Jun 21, 2023 | Jul 06, 2023 | ₹2.50 | 3.13% |
3 | Nov 01, 2022 | Nov 01, 2022 | Nov 20, 2022 | ₹1.50 | 2.25% |
4 | Jun 10, 2022 | Jun 10, 2022 | Jun 27, 2022 | ₹2.00 | 3.43% |
5 | Nov 02, 2021 | Nov 02, 2021 | Nov 26, 2021 | ₹1.50 | 2.00% |
FAQ
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