TAJGVK Hotels & Resorts Limited Stock Forecast
TAJGVK Hotels & Resorts Limited stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Apr 19, 2024)
The TAJGVK Hotels & Resorts Limited stock price fell by -0.715% on the last day (Friday, 19th Apr 2024) from ₹363.40 to ₹360.80. During the last trading day the stock fluctuated 4.45% from a day low at ₹349.45 to a day high of ₹365.00. The price has fallen in 6 of the last 10 days and is down by -6.5% 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 -4 thousand shares and in total, 212 thousand shares were bought and sold for approximately ₹76.65 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₹344.83 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 29.50% during the next 3 months and, with a 90% probability hold a price between ₹446.57 and ₹602.94 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.
TAJGVK.NS Signals & Forecast
The TAJGVK Hotels & Resorts 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 ₹370.67. On a fall, the stock will find some support from the long-term average at approximately ₹360.45. 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 Wednesday, February 21, 2024, and so far it has fallen -9.44%. 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 TAJGVK Hotels & Resorts Limited stock
TAJGVK Hotels & Resorts Limited finds support from accumulated volume at ₹355.50 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 ₹15.55 between high and low, or 4.45%. For the last week, the stock has had daily average volatility of 4.77%.
Our recommended stop-loss: ₹338.36 (-6.22%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 38 days ago.)
Trading Expectations (TAJGVK.NS) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect TAJGVK Hotels & Resorts Limited to open at ₹358.42, and during the day (based on 14 day Average True Range), to move between ₹343.14 and ₹378.46, which gives a possible trading interval of +/-₹17.66 (+/-4.89%) up or down from last closing price. If TAJGVK Hotels & Resorts Limited takes out the full calculated possible swing range there will be an estimated 9.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹355.50 (1.47%) than the resistance at ₹374.55 (3.81%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TAJGVK Hotels & Resorts Limited 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 TAJGVK Hotels & Resorts Limited stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.206 Buy Candidate Upgraded
Predicted Opening Price for TAJGVK Hotels & Resorts Limited of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| ₹358.42 ( 0.661%) | ₹360.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TAJGVK.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 373.97 | 3.65 % | |
| R2 | 368.03 | 2.00 % | ||
| R1 | 364.36 | 0.99 % | ||
| Current price: | 360.80 | |||
| Support | S1 | 352.48 | -2.31 % | |
| S2 | 348.81 | -3.32 % | ||
| S3 | 342.87 | -4.97 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 398.40 | 10.42 % | |
| R2 | 382.85 | 6.11 % | ||
| R1 | 374.55 | 3.81 % | ||
| Current price | 360.80 | |||
| Support | S1 | 355.50 | -1.47% | |
| S2 | 309.80 | -14.14% | ||
| S3 | 286.30 | -20.65% |
TAJGVK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 16, 2019 | Jul 16, 2019 | Jul 16, 2019 | ₹0.600 | 0.322% |
| 2 | May 17, 2018 | Jul 26, 2018 | Sep 02, 2018 | ₹0.600 | 0.303% |
| 3 | May 17, 2017 | Jul 24, 2017 | Aug 31, 2017 | ₹0.400 | 0.260% |
| 4 | May 13, 2016 | Jul 28, 2016 | Sep 03, 2016 | ₹0.400 | 0.300% |
| 5 | May 12, 2014 | Jul 24, 2014 | Aug 31, 2014 | ₹0.200 | 0.161% |
FAQ
Click here for our free guide on how to buy TAJGVK Hotels & Resorts Limited Stock.
