TAKE Solutions Limited Stock Forecast
TAKE Solutions Limited stock upgraded to Hold/Accumulate.
(Updated on Jun 21, 2024)
The TAKE Solutions Limited stock price gained 3.55% on the last trading day (Friday, 21st Jun 2024), rising from ₹21.43 to ₹22.19. During the last trading day the stock fluctuated 4.37% from a day low at ₹21.72 to a day high of ₹22.67. The price has been going up and down for this period, and there has been a 10.67% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 20 thousand more shares were traded than the day before. In total, 41 thousand shares were bought and sold for approximately ₹905.02 thousand.
The stock lies the upper part of a wide and falling 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 ₹22.20 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -6.00% during the next 3 months and, with a 90% probability hold a price between ₹17.72 and ₹20.87 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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TAKE.BO Signals & Forecast
The TAKE Solutions Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₹21.89 and ₹21.64. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). TAKE Solutions Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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, June 12, 2024, and so far it has fallen -0.716%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for TAKE Solutions Limited stock
TAKE Solutions Limited finds support from accumulated volume at ₹22.03 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 ₹0.95 between high and low, or 4.37%. For the last week, the stock has had daily average volatility of 3.62%.
Our recommended stop-loss: ₹21.34 (-3.81%) (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 (TAKE.BO) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect TAKE Solutions Limited to open at ₹22.19, and during the day (based on 14 day Average True Range), to move between ₹21.14 and ₹23.24, which gives a possible trading interval of +/-₹1.05 (+/-4.73%) up or down from last closing price. If TAKE Solutions Limited takes out the full calculated possible swing range there will be an estimated 9.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹22.03 (0.72%) than the resistance at ₹22.91 (3.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TAKE Solutions Limited stock A Buy?
TAKE Solutions Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.563 Hold/Accumulate Upgraded
Predicted Opening Price for TAKE Solutions Limited of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| ₹22.19 ( 0.0150%) | ₹22.19 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TAKE.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.14 | 4.30% |
| R2 | 22.78 | 2.66% |
| R1 | 22.56 | 1.65% |
| Price | 22.19 | |
| S1 | 21.83 | -1.62% |
| S2 | 21.61 | -2.63% |
| S3 | 21.24 | -4.27% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.05 | 8.38% |
| R2 | 23.07 | 3.97% |
| R1 | 22.91 | 3.24% |
| Price | 22.19 | |
| S1 | 22.03 | -0.721% |
| S2 | 21.56 | -2.84% |
| S3 | 20.70 | -6.71% |
TAKE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 01, 2019 | Aug 01, 2019 | Sep 06, 2019 | ₹0.400 | 0.322% |
| 2 | Feb 15, 2018 | Feb 15, 2018 | Mar 09, 2018 | ₹0.300 | 0.182% |
| 3 | Nov 17, 2017 | Nov 17, 2017 | Dec 07, 2017 | ₹0.300 | 0.188% |
| 4 | Aug 03, 2017 | Aug 03, 2017 | Sep 09, 2017 | ₹0.400 | 0.295% |
| 5 | Feb 16, 2017 | Feb 16, 2017 | Mar 03, 2017 | ₹0.300 | 0.213% |
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