TAKE Solutions Limited Stock Forecast
TAKE Solutions Limited stock price down 1.17% on Friday
(Updated on Jun 14, 2024)
The TAKE Solutions Limited stock price fell by -1.17% on the last day (Friday, 14th Jun 2024) from ₹22.30 to ₹22.04. During the last trading day the stock fluctuated 3.98% from a day low at ₹21.85 to a day high of ₹22.72. The price has fallen in 6 of the last 10 days but is still up by 9.16% over the past 2 weeks. 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 -19 thousand shares and in total, 6 thousand shares were bought and sold for approximately ₹131.56 thousand.
The stock lies in the middle of a very 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 -3.50% during the next 3 months and, with a 90% probability hold a price between ₹18.36 and ₹22.98 at the end of this 3-month period.
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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, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₹21.72 and ₹21.83. 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). 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 -1.39%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved ₹0.87 between high and low, or 3.98%. For the last week the stock has had daily average volatility of 4.41%.
Our recommended stop-loss: ₹21.09 (-4.31%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (TAKE.BO) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect TAKE Solutions Limited to open at ₹22.20, and during the day (based on 14 day Average True Range), to move between ₹20.92 and ₹23.16, which gives a possible trading interval of +/-₹1.12 (+/-5.08%) up or down from last closing price. If TAKE Solutions Limited takes out the full calculated possible swing range there will be an estimated 10.16% 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 (0.05%) than the resistance at ₹22.91 (3.95%), 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.
Current score: 0.526 Hold/Accumulate Unchanged
Predicted Opening Price for TAKE Solutions Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ₹22.20 ( 0.741%) | ₹22.04 |
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 | 23.07 | 4.69% |
| R2 | 22.74 | 3.18% |
| R1 | 22.54 | 2.25% |
| Price | 22.04 | |
| S1 | 21.87 | -0.767% |
| S2 | 21.67 | -1.70% |
| S3 | 21.33 | -3.21% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.05 | 9.12% |
| R2 | 23.07 | 4.67% |
| R1 | 22.91 | 3.95% |
| Price | 22.04 | |
| S1 | 22.03 | -0.0454% |
| S2 | 21.56 | -2.18% |
| S3 | 20.70 | -6.08% |
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% |
FAQ
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