Transwarranty Finance Limited Stock Forecast
Green day on Friday for Transwarranty Finance Limited stock after gaining 2.00%
(Updated on Jun 14, 2024)
The Transwarranty Finance Limited stock price gained 2.00% on the last trading day (Friday, 14th Jun 2024), rising from ₹20.51 to ₹20.92. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.0957% from a day low at ₹20.90 to a day high of ₹20.92. The price has fallen in 6 of the last 10 days and is down by -6.19% for this period. Volume fell on the last day by -48 thousand shares and in total, 20 thousand shares were bought and sold for approximately ₹413.38 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 119.67% during the next 3 months and, with a 90% probability hold a price between ₹40.33 and ₹53.87 at the end of this 3-month period.
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TFL.BO Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -6.82%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The Transwarranty Finance 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 ₹20.52 and ₹18.00. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Transwarranty Finance Limited stock
Transwarranty Finance Limited finds support from accumulated volume at ₹20.55 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved ₹0.0200 between high and low, or 0.0957%. For the last week the stock has had daily average volatility of 1.18%.
Our recommended stop-loss: ₹20.10 (-3.91%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (TFL.BO) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Transwarranty Finance Limited to open at ₹20.91, and during the day (based on 14 day Average True Range), to move between ₹20.23 and ₹21.61, which gives a possible trading interval of +/-₹0.685 (+/-3.27%) up or down from last closing price. If Transwarranty Finance Limited takes out the full calculated possible swing range there will be an estimated 6.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹20.55 (1.77%) than the resistance at ₹21.37 (2.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Transwarranty Finance 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 Transwarranty Finance Limited stock to perform well in the short-term.
Current score: 2.975 Buy Candidate Unchanged
Predicted Opening Price for Transwarranty Finance Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ₹20.91 ( 0.0319%) | ₹20.92 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TFL.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.93 | 0.0637% |
| R2 | 20.93 | 0.0272% |
| R1 | 20.92 | 0.0047% |
| Price | 20.92 | |
| S1 | 20.91 | -0.0684% |
| S2 | 20.90 | -0.0909% |
| S3 | 20.89 | -0.127% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.22 | 6.21% |
| R2 | 21.79 | 4.16% |
| R1 | 21.37 | 2.15% |
| Price | 20.92 | |
| S1 | 20.55 | -1.77% |
| S2 | 18.09 | -13.53% |
| S3 | 16.29 | -22.13% |
TFL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 04, 2012 | Sep 04, 2012 | Sep 04, 2012 | ₹0.500 | 6.33% |
| 2 | Jul 24, 2009 | Jul 24, 2009 | Jul 24, 2009 | ₹0.300 | 2.69% |
| 3 | Jul 28, 2008 | Jul 28, 2008 | Jul 28, 2008 | ₹1.00 | 4.78% |
| 4 | Jul 23, 2007 | Jul 23, 2007 | Jul 23, 2007 | ₹1.00 | 3.08% |
FAQ
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