The State Trading Corp of India Ltd. Stock Forecast
Red day on Friday for The State Trading Corp of India Ltd.
(Updated on Jun 28, 2024)
The The State Trading Corp of India Ltd. stock price fell by -1.39% on the last day (Friday, 28th Jun 2024) from ₹158.05 to ₹155.85. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 3.24% from a day low at ₹155.75 to a day high of ₹160.80. The price has fallen in 7 of the last 10 days but is still up by 9.71% over the past 2 weeks. Volume has increased on the last day by 5 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 15 thousand shares were bought and sold for approximately ₹2.34 million.
The stock lies in the upper part of a very wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ₹162.15 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 7.67% during the next 3 months and, with a 90% probability hold a price between ₹136.41 and ₹174.59 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
STCINDIA.BO Signals & Forecast
The The State Trading Corp of India 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 ₹157.11. On a fall, the stock will find some support from the long-term average at approximately ₹143.40. 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 Monday, June 24, 2024, and so far it has fallen -3.41%. Further fall is indicated until a new bottom pivot has been found. 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 The State Trading Corp of India Ltd. stock
The State Trading Corp of India Ltd. finds support from accumulated volume at ₹154.95 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹5.05 between high and low, or 3.24%. For the last week, the stock has had daily average volatility of 5.07%.
Our recommended stop-loss: ₹151.42 (-2.84%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (STCINDIA.BO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect The State Trading Corporation of India Ltd. to open at ₹157.47, and during the day (based on 14 day Average True Range), to move between ₹148.31 and ₹163.39, which gives a possible trading interval of +/-₹7.54 (+/-4.84%) up or down from last closing price. If The State Trading Corporation of India Ltd. takes out the full calculated possible swing range there will be an estimated 9.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹154.95 (0.58%) than the resistance at ₹160.35 (2.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is The State Trading Corporation of India Ltd. 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 The State Trading Corp of India Ltd. stock to perform well in the short-term.
Current score: 1.599 Buy Candidate Unchanged
Predicted Opening Price for The State Trading Corporation of India Ltd. of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
₹157.47 ( 1.04%) | ₹155.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STCINDIA.BO
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 162.52 | 4.28% |
R2 | 160.59 | 3.04% |
R1 | 159.40 | 2.28% |
Price | 155.85 | |
S1 | 155.54 | -0.200% |
S2 | 154.35 | -0.97% |
S3 | 152.42 | -2.20% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 161.35 | 3.53% |
R2 | 160.65 | 3.08% |
R1 | 160.35 | 2.89% |
Price | 155.85 | |
S1 | 154.95 | -0.577% |
S2 | 152.95 | -1.86% |
S3 | 144.90 | -7.03% |
STCINDIA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 19, 2013 | Sep 19, 2013 | Sep 19, 2013 | ₹2.00 | 1.36% |
2 | Sep 20, 2012 | Sep 20, 2012 | Sep 20, 2012 | ₹2.00 | 0.778% |
3 | Sep 22, 2011 | Sep 22, 2011 | Sep 22, 2011 | ₹3.00 | 1.80% |
4 | Sep 21, 2010 | Sep 21, 2010 | Sep 21, 2010 | ₹2.25 | 0.546% |
5 | Feb 17, 2010 | Feb 17, 2010 | Feb 17, 2010 | ₹2.50 | 0.479% |
FAQ
Click here for our free guide on how to buy The State Trading Corporation of India Ltd. Stock.