V2 Retail Limited Stock Forecast

Red day on Friday for V2 Retail Limited
(Updated on May 03, 2024)

V2RETAIL.NS Signals & Forecast

The V2 Retail 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 ₹503.71. On a fall, the stock will find some support from the long-term average at approximately ₹464.37. 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. 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 Wednesday, April 24, 2024, and so far it has fallen -8.27%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for V2 Retail Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at ₹399.75 and ₹379.45. 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, V2 Retail Limited finds support just below today's level at ₹399.75. If this is broken, then the next support from accumulated volume will be at ₹379.45 and ₹370.65.

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 ₹13.20 between high and low, or 2.70%. For the last week, the stock has had daily average volatility of 3.42%.

Our recommended stop-loss: ₹469.40 (-4.96%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 7 days ago.)

Trading Expectations (V2RETAIL.NS) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect V2 Retail Limited to open at ₹495.03, and during the day (based on 14 day Average True Range), to move between ₹471.81 and ₹515.99, which gives a possible trading interval of +/-₹22.09 (+/-4.47%) up or down from last closing price. If V2 Retail Limited takes out the full calculated possible swing range there will be an estimated 8.94% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹500.15 (1.27%) than the support at ₹399.75 (19.06%), 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 V2 Retail Limited stock A Buy?

V2 Retail Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.353 Hold/Accumulate Unchanged

Predicted Opening Price for V2 Retail Limited of Monday, May 6, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.