Triton Valves Limited Stock Forecast
Green day on Friday for Triton Valves Limited
(Updated on Jun 28, 2024)
The Triton Valves Limited stock price gained 0.467% on the last trading day (Friday, 28th Jun 2024), rising from ₹3,204.30 to ₹3,219.25. During the last trading day the stock fluctuated 1.50% from a day low at ₹3,201.00 to a day high of ₹3,249.00. The price has been going up and down for this period, and there has been a 8.21% gain for the last 2 weeks. Volume fell on the last day by -366 shares and in total, 829 shares were bought and sold for approximately ₹2.67 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 upper part of a wide and strong rising 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 ₹3,327.56 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 13.79% during the next 3 months and, with a 90% probability hold a price between ₹3,062.46 and ₹3,786.51 at the end of this 3-month period.
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TRITONV.BO Signals & Forecast
The Triton Valves Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₹3,252.79. On a fall, the stock will find some support from the long-term average at approximately ₹2,843.02. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. 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 Monday, June 24, 2024, and so far it has fallen -2.44%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Triton Valves Limited stock
Triton Valves Limited finds support from accumulated volume at ₹3,199.40 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 ₹48.00 between high and low, or 1.50%. For the last week, the stock has had daily average volatility of 2.52%.
Our recommended stop-loss: ₹3,092.60 (-3.93%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 33 days ago.)
Trading Expectations (TRITONV.BO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Triton Valves Limited to open at ₹3,223.08, and during the day (based on 14 day Average True Range), to move between ₹3,065.90 and ₹3,372.60, which gives a possible trading interval of +/-₹153.35 (+/-4.76%) up or down from last closing price. If Triton Valves Limited takes out the full calculated possible swing range there will be an estimated 9.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹3,232.85 (0.42%) than the support at ₹3,199.40 (0.62%), 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 Triton Valves 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 Triton Valves Limited stock to perform well in the short-term.
Current score: 2.009 Buy Candidate Unchanged
Predicted Opening Price for Triton Valves Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₹3,223.08 ( 0.119%) | ₹3,219.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TRITONV.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,271.08 | 1.61% |
| R2 | 3,252.75 | 1.04% |
| R1 | 3,241.42 | 0.689% |
| Price | 3,219.25 | |
| S1 | 3,204.75 | -0.450% |
| S2 | 3,193.42 | -0.80% |
| S3 | 3,175.08 | -1.37% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,299.75 | 2.50% |
| R2 | 3,261.40 | 1.31% |
| R1 | 3,232.85 | 0.422% |
| Price | 3,219.25 | |
| S1 | 3,199.40 | -0.617% |
| S2 | 3,040.65 | -5.55% |
| S3 | 2,953.00 | -8.27% |
TRITONV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 21, 2022 | Sep 21, 2022 | Oct 29, 2022 | ₹5.00 | 0.279% |
| 2 | Sep 17, 2021 | Sep 17, 2021 | Oct 27, 2021 | ₹20.00 | 1.53% |
| 3 | Mar 23, 2020 | Mar 23, 2020 | Apr 12, 2020 | ₹15.00 | 2.83% |
| 4 | Sep 13, 2019 | Sep 13, 2019 | Oct 24, 2019 | ₹12.00 | 1.34% |
| 5 | Jul 17, 2018 | Jul 17, 2018 | Aug 25, 2018 | ₹15.00 | 0.93% |
FAQ
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