TIL Limited Stock Forecast
TIL Limited stock price up 1.98% on Friday
(Updated on Apr 19, 2024)
The TIL Limited stock price gained 1.98% on the last trading day (Friday, 19th Apr 2024), rising from ₹207.05 to ₹211.15. It has now gained 5 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% from a day low at ₹211.15 to a day high of ₹211.15. The price has risen in 9 of the last 10 days and is up by 19.39% 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, 4 thousand more shares were traded than the day before. In total, 4 thousand shares were bought and sold for approximately ₹811.03 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 -43.57% during the next 3 months and, with a 90% probability hold a price between ₹38.93 and ₹241.63 at the end of this 3-month period.
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TIL.NS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 34.36%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). TIL 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. The TIL Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₹372.60. On a fall, the stock will find some support from the short-term average at ₹199.19. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for TIL Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹195.15 and ₹180.35. 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, TIL Limited finds support just below today's level at ₹195.15. If this is broken, then the next support from accumulated volume will be at ₹180.35 and ₹176.85.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ₹0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 0%.
The TIL Limited stock is extremely overbought on RSI14 (93). This increases the short-term risk substantially.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TIL.NS) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect TIL Limited to open at ₹211.15, and during the day (based on 14 day Average True Range), to move between ₹196.32 and ₹225.98, which gives a possible trading interval of +/-₹14.83 (+/-7.02%) up or down from last closing price. If TIL Limited takes out the full calculated possible swing range there will be an estimated 14.05% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₹195.15, some ₹16.00 (7.58%) from the current price of ₹211.15, our system finds the risk reward attractive.
Is TIL Limited stock A Buy?
TIL Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.620 Sell Candidate Unchanged
Predicted Opening Price for TIL Limited of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
₹211.15 ( 0%) | ₹211.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TIL.NS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 211.15 | . | |
R2 | 211.15 | . | ||
R1 | 211.15 | . | ||
Current price: | 211.15 | |||
Support | S1 | 211.15 | . | |
S2 | 211.15 | . | ||
S3 | 211.15 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 211.15 | |||
Support | S1 | 195.15 | -7.58% | |
S2 | 180.35 | -14.59% | ||
S3 | 176.85 | -16.24% |
TIL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 22, 2019 | Aug 06, 2019 | Aug 23, 2019 | ₹1.75 | 3.62% |
2 | May 18, 2018 | Jul 26, 2018 | Sep 07, 2018 | ₹3.50 | 3.62% |
3 | Aug 16, 2017 | Aug 16, 2017 | Aug 16, 2017 | ₹3.00 | 2.60% |
4 | May 20, 2014 | Jul 17, 2014 | Aug 27, 2014 | ₹1.50 | 1.43% |
5 | May 14, 2013 | Jul 19, 2013 | Aug 30, 2013 | ₹2.00 | 6.71% |
FAQ
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