TGB Banquets and Hotels Limited Stock Forecast
TGB Banquets and Hotels Limited stock price up 0.240% on Thursday
(Updated on Jul 04, 2024)
The TGB Banquets and Hotels Limited stock price gained 0.240% on the last trading day (Thursday, 4th Jul 2024), rising from ₹16.70 to ₹16.74. During the last trading day the stock fluctuated 2.85% from a day low at ₹16.50 to a day high of ₹16.97. The price has risen in 7 of the last 10 days and is up by 0.66% 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, 13 thousand more shares were traded than the day before. In total, 119 thousand shares were bought and sold for approximately ₹1.99 million.
The stock lies in the upper part of a wide and weak rising 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 ₹17.19 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.51% during the next 3 months and, with a 90% probability hold a price between ₹14.32 and ₹17.79 at the end of this 3-month period.
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TGBHOTELS.NS Signals & Forecast
The TGB Banquets and Hotels 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 ₹16.72 and ₹15.68. 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). 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. A sell signal was issued from a pivot top point on Tuesday, June 25, 2024, and so far it has fallen -2.22%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for TGB Banquets and Hotels Limited stock
TGB Banquets and Hotels Limited finds support from accumulated volume at ₹16.65 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 ₹0.470 between high and low, or 2.85%. For the last week, the stock has had daily average volatility of 5.80%.
Our recommended stop-loss: ₹16.12 (-3.72%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (TGBHOTELS.NS) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect TGB Banquets and Hotels Limited to open at ₹16.74, and during the day (based on 14 day Average True Range), to move between ₹15.59 and ₹17.89, which gives a possible trading interval of +/-₹1.15 (+/-6.88%) up or down from last closing price. If TGB Banquets and Hotels Limited takes out the full calculated possible swing range there will be an estimated 13.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹16.65 (0.54%) than the resistance at ₹16.85 (0.66%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TGB Banquets and Hotels Limited stock A Buy?
TGB Banquets and Hotels 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: -0.414 Hold/Accumulate Unchanged
Predicted Opening Price for TGB Banquets and Hotels Limited of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| ₹16.74 ( 0.0199%) | ₹16.74 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TGBHOTELS.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.21 | 2.79% |
| R2 | 17.03 | 1.72% |
| R1 | 16.92 | 1.05% |
| Price | 16.74 | |
| S1 | 16.56 | -1.09% |
| S2 | 16.45 | -1.76% |
| S3 | 16.27 | -2.83% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.12 | 2.27% |
| R2 | 17.01 | 1.61% |
| R1 | 16.85 | 0.657% |
| Price | 16.74 | |
| S1 | 16.65 | -0.538% |
| S2 | 16.55 | -1.14% |
| S3 | 15.14 | -9.56% |
TGBHOTELS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 13, 2011 | Sep 22, 2011 | Oct 30, 2011 | ₹1.00 | 1.25% |
| 2 | Sep 02, 2010 | Sep 20, 2010 | Oct 29, 2010 | ₹1.00 | 0.579% |
| 3 | Jul 24, 2008 | Sep 18, 2008 | Nov 01, 2008 | ₹1.00 | 4.19% |
FAQ
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