TVS Srichakra Limited Stock Forecast
Green day on Wednesday for TVS Srichakra Limited
(Updated on Apr 24, 2024)
The TVS Srichakra Limited stock price gained 0.407% on the last trading day (Wednesday, 24th Apr 2024), rising from ₹4,115.30 to ₹4,132.05. During the last trading day the stock fluctuated 1.20% from a day low at ₹4,105.30 to a day high of ₹4,154.55. The price has fallen in 6 of the last 10 days and is down by -2.32% for this period. Volume fell on the last day by -3 thousand shares and in total, 3 thousand shares were bought and sold for approximately ₹10.84 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 falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.41% during the next 3 months and, with a 90% probability hold a price between ₹3,593.34 and ₹4,268.36 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.
TVSSRICHAK.NS Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 0.663%. 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 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. The TVS Srichakra Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₹4,207.34 and ₹4,146.32. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for TVS Srichakra Limited stock
TVS Srichakra Limited finds support from accumulated volume at ₹4,104.85 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₹49.25 between high and low, or 1.20%. For the last week, the stock has had daily average volatility of 2.85%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TVSSRICHAK.NS) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect TVS Srichakra Limited to open at ₹4,130.63, and during the day (based on 14 day Average True Range), to move between ₹3,969.55 and ₹4,294.55, which gives a possible trading interval of +/-₹162.50 (+/-3.93%) up or down from last closing price. If TVS Srichakra Limited takes out the full calculated possible swing range there will be an estimated 7.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹4,104.85 (0.66%) than the resistance at ₹4,258.45 (3.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TVS Srichakra Limited stock A Buy?
TVS Srichakra Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.107 Sell Candidate Unchanged
Predicted Opening Price for TVS Srichakra Limited of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| ₹4,130.63 ( 0.0343%) | ₹4,132.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TVSSRICHAK.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,179.88 | 1.16 % | |
| R2 | 4,161.07 | 0.702 % | ||
| R1 | 4,149.45 | 0.421 % | ||
| Current price: | 4,132.05 | |||
| Support | S1 | 4,111.82 | -0.490 % | |
| S2 | 4,100.20 | -0.771 % | ||
| S3 | 4,081.38 | -1.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,551.60 | 10.15 % | |
| R2 | 4,478.95 | 8.40 % | ||
| R1 | 4,258.45 | 3.06 % | ||
| Current price | 4,132.05 | |||
| Support | S1 | 4,104.85 | -0.658% | |
| S2 | 4,094.05 | -0.92% | ||
| S3 | 4,035.50 | -2.34% |
TVSSRICHAK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 04, 2023 | Sep 04, 2023 | Sep 04, 2023 | ₹32.05 | 1.07% |
| 2 | Sep 02, 2022 | Sep 02, 2022 | Sep 02, 2022 | ₹16.30 | 0.708% |
| 3 | Aug 25, 2021 | Aug 25, 2021 | Aug 25, 2021 | ₹30.00 | 1.47% |
| 4 | Mar 04, 2020 | Mar 17, 2020 | Apr 24, 2020 | ₹20.10 | 1.99% |
| 5 | May 23, 2019 | Sep 03, 2019 | Sep 17, 2019 | ₹40.00 | 2.20% |
FAQ
Click here for our free guide on how to buy TVS Srichakra Limited Stock.
