T. Spiritual World Limited Stock Forecast
T. Spiritual World Limited stock price up more than 5.00% on Friday
(Updated on Jun 28, 2024)
The T. Spiritual World Limited stock price gained 5.00% on the last trading day (Friday, 28th Jun 2024), rising from ₹2.00 to ₹2.10. It has now gained 5 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 7.14% from a day low at ₹1.96 to a day high of ₹2.10. The price has risen in 5 of the last 10 days and is up by 12.3% over the past 2 weeks. Volume fell on the last day by -156 thousand shares and in total, 40 thousand shares were bought and sold for approximately ₹84.21 thousand. 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 very wide and weak 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 9.25% during the next 3 months and, with a 90% probability hold a price between ₹1.93 and ₹2.68 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
TSPIRITUAL.BO Signals & Forecast
The T. Spiritual World Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₹1.91 and ₹2.06. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 20.00%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for T. Spiritual World Limited stock
T. Spiritual World Limited finds support from accumulated volume at ₹2.04 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved ₹0.140 between high and low, or 7.14%. For the last week the stock has had daily average volatility of 7.19%.
Our recommended stop-loss: ₹2.03 (-3.18%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 28 days ago.)
Trading Expectations (TSPIRITUAL.BO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect T. Spiritual World Limited to open at ₹2.05, and during the day (based on 14 day Average True Range), to move between ₹2.03 and ₹2.17, which gives a possible trading interval of +/-₹0.0733 (+/-3.49%) up or down from last closing price. If T. Spiritual World Limited takes out the full calculated possible swing range there will be an estimated 6.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹2.14 (1.90%) than the support at ₹2.04 (2.86%), 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 T. Spiritual World 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 T. Spiritual World Limited 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: 4.538 Buy Candidate Upgraded
Predicted Opening Price for T. Spiritual World Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₹2.05 ( 2.22%) | ₹2.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TSPIRITUAL.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.19 | 4.44% |
| R2 | 2.14 | 1.90% |
| R1 | 2.11 | 0.324% |
| Price | 2.10 | |
| S1 | 2.00 | -4.77% |
| S2 | 1.97 | -6.34% |
| S3 | 1.91 | -8.89% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.35 | 11.90% |
| R2 | 2.24 | 6.67% |
| R1 | 2.14 | 1.90% |
| Price | 2.10 | |
| S1 | 2.04 | -2.86% |
| S2 | 2.00 | -4.76% |
| S3 | 1.99 | -5.24% |
TSPIRITUAL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 22, 2003 | Dec 22, 2003 | Dec 22, 2003 | ₹0.180 | 0% |
| 2 | Nov 14, 2002 | Nov 14, 2002 | Nov 14, 2002 | ₹0.90 | 0% |
FAQ
Click here for our free guide on how to buy T. Spiritual World Limited Stock.
