TVS Srichakra Limited Stock Forecast
Stronger technical forecast for TVS Srichakra Limited stock price after Friday trading.
(Updated on Jun 21, 2024)
The TVS Srichakra Limited stock price gained 0.160% on the last trading day (Friday, 21st Jun 2024), rising from ₹4,291.50 to ₹4,298.35. During the last trading day the stock fluctuated 2.16% from a day low at ₹4,262.00 to a day high of ₹4,353.95. The price has risen in 6 of the last 10 days and is up by 8.84% 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, 147 more shares were traded than the day before. In total, 5 thousand shares were bought and sold for approximately ₹19.44 million.
The stock lies in the middle of a 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 2.30% during the next 3 months and, with a 90% probability hold a price between ₹3,874.99 and ₹4,743.45 at the end of this 3-month period.
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TVSSRICHAK.NS Signals & Forecast
The TVS Srichakra 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 ₹4,315.17. On a fall, the stock will find some support from the long-term average at approximately ₹4,159.08. 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 is rising along with the price. This is considered to be a good technical signal. 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 Thursday, June 13, 2024, and so far it has fallen -2.36%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for TVS Srichakra Limited stock
TVS Srichakra Limited finds support from accumulated volume at ₹4,258.45 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 ₹91.95 between high and low, or 2.16%. For the last week, the stock has had daily average volatility of 2.71%.
Our recommended stop-loss: ₹4,118.79 (-4.18%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (TVSSRICHAK.NS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect TVS Srichakra Limited to open at ₹4,304.77, and during the day (based on 14 day Average True Range), to move between ₹4,148.74 and ₹4,447.96, which gives a possible trading interval of +/-₹149.61 (+/-3.48%) up or down from last closing price. If TVS Srichakra Limited takes out the full calculated possible swing range there will be an estimated 6.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹4,258.45 (0.93%) than the resistance at ₹4,353.25 (1.28%), 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?
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 TVS Srichakra 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: 1.050 Buy Candidate Upgraded
Predicted Opening Price for TVS Srichakra Limited of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| ₹4,304.77 ( 0.149%) | ₹4,298.35 |
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 | |
|---|---|---|
| R3 | 4,396.72 | 2.29% |
| R2 | 4,361.59 | 1.47% |
| R1 | 4,339.89 | 0.97% |
| Price | 4,298.35 | |
| S1 | 4,269.64 | -0.668% |
| S2 | 4,247.94 | -1.17% |
| S3 | 4,212.82 | -1.99% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,551.60 | 5.89% |
| R2 | 4,478.95 | 4.20% |
| R1 | 4,353.25 | 1.28% |
| Price | 4,298.35 | |
| S1 | 4,258.45 | -0.93% |
| S2 | 4,035.50 | -6.12% |
| S3 | 3,967.15 | -7.71% |
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% |
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