Times Guaranty Limited Stock Forecast

Times Guaranty Limited stock price down 1.38% on Friday
(Updated on May 24, 2024)

TIMESGTY.NS Signals & Forecast

The Times Guaranty 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 ₹102.89 and ₹96.87. 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). 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 Thursday, May 23, 2024, and so far it has fallen -1.38%. Further fall is indicated until a new bottom pivot has been found. Times Guaranty Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Times Guaranty Limited stock

Times Guaranty Limited finds support from accumulated volume at ₹100.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 ₹3.95 between high and low, or 3.91%. For the last week, the stock has had daily average volatility of 4.89%.

The Times Guaranty Limited stock is overbought on RSI14 and the RSI has been falling for the last couple of days. This together with the fact that the stock is in the upper part of the trend poses a possible good selling opportunity for the short-term trader. However, one should note that some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: ₹100.49 (-2.96%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 77 and this increases the risk substantially. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (TIMESGTY.NS) For The Upcoming Trading Day Of Monday 27th

For the upcoming trading day on Monday, 27th we expect Times Guaranty Limited to open at ₹103.20, and during the day (based on 14 day Average True Range), to move between ₹100.48 and ₹106.62, which gives a possible trading interval of +/-₹3.07 (+/-2.96%) up or down from last closing price. If Times Guaranty Limited takes out the full calculated possible swing range there will be an estimated 5.93% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹104.00 (0.43%) than the support at ₹100.00 (3.43%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Times Guaranty Limited stock A Buy?

Times Guaranty 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: 0.693 Hold/Accumulate Unchanged

Predicted Opening Price for Times Guaranty Limited of Monday, May 27, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.