Shri Keshav Cements and Infra Limited Stock Forecast
Shri Keshav Cements and Infra Limited stock price ended at ₹193.00 on Tuesday, after losing 2.43%.
(Updated on Jun 25, 2024)
The Shri Keshav Cements and Infra Limited stock price fell by -2.43% on the last day (Tuesday, 25th Jun 2024) from ₹197.80 to ₹193.00. During the last trading day the stock fluctuated 4.15% from a day low at ₹193.00 to a day high of ₹201.00. The price has fallen in 7 of the last 10 days and is down by -5.18% for this period. 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 -142 shares and in total, 8 thousand shares were bought and sold for approximately ₹1.50 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 -11.86% during the next 3 months and, with a 90% probability hold a price between ₹148.79 and ₹179.10 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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SKCIL.BO Signals & Forecast
There are few to no technical positive signals at the moment. The Shri Keshav Cements and Infra 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 ₹197.54 and ₹194.88. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 28, 2024, and so far it has fallen -9.03%. 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 Shri Keshav Cements and Infra Limited stock
Shri Keshav Cements and Infra Limited finds support from accumulated volume at ₹191.25 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 ₹8.00 between high and low, or 4.15%. For the last week, the stock has had daily average volatility of 3.61%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SKCIL.BO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Shri Keshav Cements and Infra Limited to open at ₹195.67, and during the day (based on 14 day Average True Range), to move between ₹181.72 and ₹204.28, which gives a possible trading interval of +/-₹11.28 (+/-5.84%) up or down from last closing price. If Shri Keshav Cements and Infra Limited takes out the full calculated possible swing range there will be an estimated 11.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹193.10 (0.05%) than the support at ₹191.25 (0.91%), 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 Shri Keshav Cements and Infra Limited stock A Buy?
Shri Keshav Cements and Infra 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: -3.868 Sell Candidate Unchanged
Predicted Opening Price for Shri Keshav Cements and Infra Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₹195.67 ( 1.38%) | ₹193.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SKCIL.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 203.67 | 5.53% |
| R2 | 200.61 | 3.94% |
| R1 | 198.72 | 2.97% |
| Price | 193.00 | |
| S1 | 192.61 | -0.202% |
| S2 | 190.72 | -1.18% |
| S3 | 187.67 | -2.76% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 211.85 | 9.77% |
| R2 | 199.00 | 3.11% |
| R1 | 193.10 | 0.0518% |
| Price | 193.00 | |
| S1 | 191.25 | -0.91% |
| S2 | 190.05 | -1.53% |
| S3 | 186.85 | -3.19% |
SKCIL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 20, 2017 | Sep 20, 2017 | Oct 28, 2017 | ₹0.89 | 0.533% |
| 2 | Sep 22, 2016 | Sep 22, 2016 | Sep 22, 2016 | ₹0.89 | 1.36% |
| 3 | Sep 12, 2013 | Sep 12, 2013 | Sep 12, 2013 | ₹0.89 | 5.88% |
| 4 | Sep 10, 2008 | Sep 10, 2008 | Sep 10, 2008 | ₹0.89 | 5.56% |
| 5 | Jul 26, 2006 | Jul 26, 2006 | Jul 26, 2006 | ₹0.89 | 10.44% |
FAQ
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