TIL Limited Stock Forecast
TIL Limited stock downgraded to Sell Candidate
(Updated on May 03, 2024)
The TIL Limited stock price fell by -1.98% on the last day (Friday, 3rd May 2024) from ₹219.35 to ₹215.00. During the last trading day the stock fluctuated 0% from a day low at ₹215.00 to a day high of ₹215.00. The price has risen in 5 of the last 10 days and is up by 1.82% 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 -451 shares and in total, 934 shares were bought and sold for approximately ₹200.81 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. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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TIL.NS Signals & Forecast
There are mixed signals in the stock today. The TIL Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₹224.54 and ₹275.59. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 36.81%. 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).
Support, Risk & Stop-loss for TIL Limited stock
TIL Limited finds support from accumulated volume at ₹211.15 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.81%.
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 6th
For the upcoming trading day on Monday, 6th we expect TIL Limited to open at ₹215.00, and during the day (based on 14 day Average True Range), to move between ₹205.67 and ₹224.33, which gives a possible trading interval of +/-₹9.33 (+/-4.34%) up or down from last closing price. If TIL Limited takes out the full calculated possible swing range there will be an estimated 8.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹211.15 (1.79%) than the resistance at ₹219.35 (2.02%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -4.127 Sell Candidate Downgraded
Predicted Opening Price for TIL Limited of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ₹215.00 ( 0%) | ₹215.00 |
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 | 215.00 | . | |
| R2 | 215.00 | . | ||
| R1 | 215.00 | . | ||
| Current price: | 215.00 | |||
| Support | S1 | 215.00 | . | |
| S2 | 215.00 | . | ||
| S3 | 215.00 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 228.35 | 6.21 % | |
| R2 | 223.80 | 4.09 % | ||
| R1 | 219.35 | 2.02 % | ||
| Current price | 215.00 | |||
| Support | S1 | 211.15 | -1.79% | |
| S2 | 180.35 | -16.12% | ||
| S3 | 176.85 | -17.74% |
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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