Srestha Finvest Limited Stock Forecast

Green day on Thursday for Srestha Finvest Limited stock after gaining 1.71%
(Updated on May 09, 2024)

SRESTHA.BO Signals & Forecast

The Srestha Finvest Limited 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 ₹1.20. On a fall, the stock will find some support from the long-term average at approximately ₹1.17. 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. 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 Thursday, April 18, 2024, and so far it has fallen -7.75%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Friday, June 02, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Srestha Finvest Limited stock

Srestha Finvest Limited finds support from accumulated volume at ₹1.18 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved ₹0.0400 between high and low, or 3.42%. For the last week the stock has had daily average volatility of 5.30%.

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

Trading Expectations (SRESTHA.BO) For The Upcoming Trading Day Of Friday 10th

For the upcoming trading day on Friday, 10th we expect Srestha Finvest Limited to open at ₹1.19, and during the day (based on 14 day Average True Range), to move between ₹1.10 and ₹1.28, which gives a possible trading interval of +/-₹0.0869 (+/-7.30%) up or down from last closing price. If Srestha Finvest Limited takes out the full calculated possible swing range there will be an estimated 14.60% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹1.18 (0.84%) than the resistance at ₹1.22 (2.52%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Srestha Finvest Limited stock A Buy?

Srestha Finvest 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: -1.623 Sell Candidate Unchanged

Predicted Opening Price for Srestha Finvest Limited of Friday, May 10, 2024

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