Trigyn Technologies Limited Stock Forecast
Trigyn Technologies Limited stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Apr 26, 2024)
The Trigyn Technologies Limited stock price gained 0.126% on the last trading day (Friday, 26th Apr 2024), rising from ₹119.45 to ₹119.60. During the last trading day the stock fluctuated 3.11% from a day low at ₹119.00 to a day high of ₹122.70. The price has risen in 6 of the last 10 days and is up by 4.87% 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, 37 thousand more shares were traded than the day before. In total, 101 thousand shares were bought and sold for approximately ₹12.05 million.
The stock lies the upper part of a very wide and falling 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 ₹122.35 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -25.81% during the next 3 months and, with a 90% probability hold a price between ₹59.22 and ₹90.77 at the end of this 3-month period. 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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TRIGYN.NS Signals & Forecast
Mostly positive signals in the chart today. The Trigyn Technologies 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 ₹118.37 and ₹110.27. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 28, 2024, and so far it has risen 28.19%. 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 Trigyn Technologies Limited stock
Trigyn Technologies Limited finds support from accumulated volume at ₹116.95 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 ₹3.70 between high and low, or 3.11%. For the last week, the stock has had daily average volatility of 4.06%.
Our recommended stop-loss: ₹113.17 (-5.38%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (TRIGYN.NS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Trigyn Technologies Limited to open at ₹120.43, and during the day (based on 14 day Average True Range), to move between ₹113.18 and ₹126.02, which gives a possible trading interval of +/-₹6.42 (+/-5.37%) up or down from last closing price. If Trigyn Technologies Limited takes out the full calculated possible swing range there will be an estimated 10.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹116.95 (2.22%) than the resistance at ₹125.30 (4.77%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Trigyn Technologies Limited stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.024 Buy Candidate Upgraded
Predicted Opening Price for Trigyn Technologies Limited of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| ₹120.43 ( 0.697%) | ₹119.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TRIGYN.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 124.13 | 3.79 % | |
| R2 | 122.72 | 2.61 % | ||
| R1 | 121.85 | 1.88 % | ||
| Current price: | 119.60 | |||
| Support | S1 | 119.02 | -0.485 % | |
| S2 | 118.15 | -1.22 % | ||
| S3 | 116.73 | -2.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 133.10 | 11.29 % | |
| R2 | 129.60 | 8.36 % | ||
| R1 | 125.30 | 4.77 % | ||
| Current price | 119.60 | |||
| Support | S1 | 116.95 | -2.22% | |
| S2 | 99.65 | -16.68% | ||
| S3 | 93.90 | -21.49% |
TRIGYN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 17, 2020 | Sep 17, 2020 | Sep 17, 2020 | ₹0.250 | 0.509% |
| 2 | May 10, 2019 | Sep 18, 2019 | Oct 24, 2019 | ₹0.750 | 1.79% |
| 3 | Aug 11, 2014 | Sep 16, 2014 | Oct 26, 2014 | ₹0.500 | 1.07% |
FAQ
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