Transformers & Rectifiers (India) Ltd Stock Forecast
Transformers & Rectifiers (India) Ltd stock price ended at ₹796.75 on Tuesday, after gaining 4.99%.
(Updated on Jul 02, 2024)
The Transformers & Rectifiers (India) Ltd stock price gained 4.99% on the last trading day (Tuesday, 2nd Jul 2024), rising from ₹758.90 to ₹796.75. It has now gained 3 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 7.68% from a day low at ₹740.00 to a day high of ₹796.80. The price has been going up and down for this period, and there has been a 1.9% gain for the last 2 weeks. Volume fell on the last day by -344 thousand shares and in total, 657 thousand shares were bought and sold for approximately ₹523.07 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 42.99% during the next 3 months and, with a 90% probability hold a price between ₹995.30 and ₹1,230.52 at the end of this 3-month period.
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TRIL.NS Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen -1.70%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The Transformers & Rectifiers (India) Ltd 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 ₹746.20 and ₹707.19. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Transformers & Rectifiers (India) Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹744.85 and ₹698.25. 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, Transformers & Rectifiers (India) Ltd finds support just below today's level at ₹744.85. If this is broken, then the next support from accumulated volume will be at ₹698.25 and ₹604.15.
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 ₹56.80 between high and low, or 7.68%. For the last week, the stock has had daily average volatility of 5.36%.
Our recommended stop-loss: ₹765.22 (-3.96%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 37 days ago.)
Trading Expectations (TRIL.NS) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Transformers & Rectifiers (India) Limited to open at ₹777.85, and during the day (based on 14 day Average True Range), to move between ₹756.75 and ₹836.75, which gives a possible trading interval of +/-₹40.00 (+/-5.02%) up or down from last closing price. If Transformers & Rectifiers (India) Limited takes out the full calculated possible swing range there will be an estimated 10.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹805.45 (1.09%) than the support at ₹744.85 (6.51%), 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 Transformers & Rectifiers (India) Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Transformers & Rectifiers (India) Ltd stock to perform well in the short-term.
Current score: 4.901 Buy Candidate Unchanged
Predicted Opening Price for Transformers & Rectifiers (India) Limited of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| ₹777.85 ( 2.37%) | ₹796.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TRIL.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 834.65 | 4.76% |
| R2 | 812.95 | 2.03% |
| R1 | 799.55 | 0.351% |
| Price | 796.75 | |
| S1 | 756.15 | -5.10% |
| S2 | 742.75 | -6.78% |
| S3 | 721.05 | -9.50% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 810.50 | 1.73% |
| R1 | 805.45 | 1.09% |
| Price | 796.75 | |
| S1 | 744.85 | -6.51% |
| S2 | 698.25 | -12.36% |
| S3 | 604.15 | -24.17% |
TRIL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 10, 2024 | May 10, 2024 | Jun 12, 2024 | ₹0.200 | 0.0248% |
| 2 | Jul 28, 2023 | Jul 28, 2023 | Jul 28, 2023 | ₹0.150 | 0.169% |
| 3 | Jul 27, 2023 | Jul 27, 2023 | Jul 27, 2023 | ₹0.150 | 0.169% |
| 4 | Jul 28, 2022 | Jul 28, 2022 | Jul 28, 2022 | ₹0.150 | 0.515% |
| 5 | Sep 02, 2021 | Sep 02, 2021 | Sep 02, 2021 | ₹0.100 | 0.358% |
FAQ
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