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AI Analysis of TIMESGTY.NS
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Strong day for Times Guaranty Limited stock price on Tuesday rising 9.93% to ₹139.06
(Updated on Jun 25, 2024)

Buy or Hold candidate since May 28, 2024 Gain 33.45% PDF

The Times Guaranty Limited stock price gained 9.93% on the last trading day (Tuesday, 25th Jun 2024), rising from ₹126.50 to ₹139.06. During the last trading day the stock fluctuated 3.07% from a day low at ₹135.00 to a day high of ₹139.15. The price has risen in 5 of the last 10 days and is up by 25.68% 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, 175 thousand more shares were traded than the day before. In total, 181 thousand shares were bought and sold for approximately ₹25.11 million.

The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at ₹125.08, a level that may pose a second chance to hit a runner. According to fan-theory ₹145.52 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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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 ₹119.15 and ₹107.82. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 58.47%. 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). Volume is rising along with the price. This is considered to be a good technical signal.

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

On the downside, the stock finds support just below today's level from accumulated volume at ₹114.50 and ₹110.00. 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, Times Guaranty Limited finds support just below today's level at ₹114.50. If this is broken, then the next support from accumulated volume will be at ₹110.00 and ₹105.00.

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 ₹4.15 between high and low, or 3.07%. For the last week, the stock has had daily average volatility of 4.27%.

The Times Guaranty Limited stock is extremely overbought on RSI14 (82). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: ₹134.39 (-3.36%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 82 and this increases the risk substantially. There is a buy signal from a pivot bottom found 51 days ago.)

Trading Expectations (TIMESGTY.NS) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Times Guaranty Limited to open at ₹137.74, and during the day (based on 14 day Average True Range), to move between ₹132.76 and ₹145.36, which gives a possible trading interval of +/-₹6.30 (+/-4.53%) up or down from last closing price. If Times Guaranty Limited takes out the full calculated possible swing range there will be an estimated 9.07% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ ₹114.50, some ₹24.56 (17.66%) from the current price of ₹139.06, our system finds the risk reward attractive.

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: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Times Guaranty Limited of Wednesday, June 26, 2024

Fair opening price June 26, 2024 Current price
₹137.74 ( 0.95%) ₹139.06

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

Trading levels for TIMESGTY.NS

Fibonacci Support & Resistance Levels

Level Price
R3 141.89 2.03%
R2 140.30 0.89%
R1 139.32 0.188%
Price 139.06
S1 136.15 -2.09%
S2 135.17 -2.80%
S3 133.59 -3.94%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 0 -
R1 0 -
Price 139.06
S1 114.50 -17.66%
S2 110.00 -20.90%
S3 105.00 -24.49%

TIMESGTY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jul 05, 1995 Jul 31, 1995 Aug 01, 1995 ₹1.50 0%

FAQ

What is the symbol for Times Guaranty Limited Stock and on which exchange is it traded?
The symbol for Times Guaranty Limited is TIMESGTY.NS and it is traded on the NSE (National Stock Exchange of India).

Should I buy or sell Times Guaranty Limited Stock?
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.

How to buy Times Guaranty Limited Stock?
Times Guaranty Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Times Guaranty Limited Stock.

What's the current price of Times Guaranty Limited Stock?
As of the end of day on the Jun 25, 2024, the price of an Times Guaranty Limited (TIMESGTY.NS) share was ₹139.06.

What is the 52-week high and low for Times Guaranty Limited Stock?
The 52-week high for Times Guaranty Limited Stock is ₹165.05 and the 52-week low is ₹53.05.

What is the market capitalization of Times Guaranty Limited Stock?
As of the Jun 25, 2024, the market capitalization of Times Guaranty Limited is 1.138B.

When is the next earnings date for Times Guaranty Limited?
The upcoming earnings date for Times Guaranty Limited is Aug 06, 2024.
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About Times Guaranty Limited

Times Guaranty Limited, a non-deposit accepting non-banking financial company, provides investment and financial services in India. It also provides retail and corporate lending, merchant banking, money market related, and portfolio management services. The company was formerly known as Times Guaranty Finance Limited and changed its name to Times Guaranty Limited in December 1999. The company was incorporated in 1989 and is based in Mumbai, India... TIMESGTY.NS Profile

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