TD Power Systems Limited Stock Forecast
A very strong day for TD Power Systems Limited stock price on Friday
(Updated on Jun 14, 2024)
The TD Power Systems Limited stock price gained 5.09% on the last trading day (Friday, 14th Jun 2024), rising from ₹349.45 to ₹367.25. During the last trading day the stock fluctuated 6.84% from a day low at ₹351.00 to a day high of ₹375.00. The price has risen in 8 of the last 10 days and is up by 9.69% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately ₹559.03 million.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 19.51% during the next 3 months and, with a 90% probability hold a price between ₹360.17 and ₹460.82 at the end of this 3-month period.
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TDPOWERSYS.NS Signals & Forecast
The TD Power Systems 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 ₹344.19 and ₹327.71. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 25.23%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for TD Power Systems Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹340.15 and ₹326.80. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, TD Power Systems Limited finds support just below today's level at ₹340.15. If this is broken, then the next support from accumulated volume will be at ₹326.80 and ₹304.75.
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 ₹24.00 between high and low, or 6.84%. For the last week, the stock has had daily average volatility of 4.04%.
Our recommended stop-loss: ₹351.51 (-4.29%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (TDPOWERSYS.NS) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect TD Power Systems Limited to open at ₹364.42, and during the day (based on 14 day Average True Range), to move between ₹349.23 and ₹385.27, which gives a possible trading interval of +/-₹18.02 (+/-4.91%) up or down from last closing price. If TD Power Systems Limited takes out the full calculated possible swing range there will be an estimated 9.81% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₹340.15, some ₹27.10 (7.38%) from the current price of ₹367.25, our system finds the risk reward attractive.
Is TD Power Systems Limited stock A Buy?
TD Power Systems Limited holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.610 Strong Buy Candidate Upgraded
Predicted Opening Price for TD Power Systems Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ₹364.42 ( 0.771%) | ₹367.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TDPOWERSYS.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 388.42 | 5.76% |
| R2 | 379.25 | 3.27% |
| R1 | 373.58 | 1.72% |
| Price | 367.25 | |
| S1 | 355.25 | -3.27% |
| S2 | 349.58 | -4.81% |
| S3 | 340.42 | -7.31% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 367.25 | |
| S1 | 340.15 | -7.38% |
| S2 | 326.80 | -11.01% |
| S3 | 304.75 | -17.02% |
TDPOWERSYS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 22, 2023 | Nov 22, 2023 | Nov 22, 2023 | ₹0.500 | 0.178% |
| 2 | Aug 02, 2023 | Aug 02, 2023 | Aug 02, 2023 | ₹0.500 | 0.191% |
| 3 | Feb 20, 2023 | Feb 20, 2023 | Feb 20, 2023 | ₹0.500 | 0.366% |
| 4 | Sep 19, 2022 | Sep 19, 2022 | Sep 19, 2022 | ₹0.700 | 0.548% |
| 5 | Sep 16, 2021 | Sep 16, 2021 | Sep 16, 2021 | ₹0.500 | 0.782% |
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