Vadilal Industries Limited Stock Forecast
Green day on Friday for Vadilal Industries Limited stock after gaining 0.501%
(Updated on May 31, 2024)
The Vadilal Industries Limited stock price gained 0.501% on the last trading day (Friday, 31st May 2024), rising from ₹4,272.45 to ₹4,293.85. During the last trading day the stock fluctuated 3.00% from a day low at ₹4,250.00 to a day high of ₹4,377.45. The price has fallen in 6 of the last 10 days and is down by -12.48% for this period. Volume fell on the last day by -4 thousand shares and in total, 9 thousand shares were bought and sold for approximately ₹40.79 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.
Given the current short-term trend, the stock is expected to rise 32.97% during the next 3 months and, with a 90% probability hold a price between ₹5,709.33 and ₹6,912.67 at the end of this 3-month period.
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VADILALIND.NS Signals & Forecast
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 Vadilal Industries Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₹4,501.76 and ₹4,538.75. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -13.47%. 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).
Support, Risk & Stop-loss for Vadilal Industries Limited stock
Vadilal Industries Limited finds support from accumulated volume at ₹4,219.20 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 ₹127.45 between high and low, or 3.00%. For the last week, the stock has had daily average volatility of 4.74%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VADILALIND.NS) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Vadilal Industries Limited to open at ₹4,307.10, and during the day (based on 14 day Average True Range), to move between ₹4,090.58 and ₹4,497.12, which gives a possible trading interval of +/-₹203.27 (+/-4.73%) up or down from last closing price. If Vadilal Industries Limited takes out the full calculated possible swing range there will be an estimated 9.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹4,294.15 (0.01%) than the support at ₹4,219.20 (1.74%), 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 Vadilal Industries Limited stock A Buy?
The Vadilal Industries Limited stock holds several negative signals and despite the positive trend, we believe Vadilal Industries Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.754 Sell Candidate Unchanged
Predicted Opening Price for Vadilal Industries Limited of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| ₹4,307.10 ( 0.309%) | ₹4,293.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VADILALIND.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,434.55 | 3.28 % | |
| R2 | 4,385.86 | 2.14 % | ||
| R1 | 4,355.79 | 1.44 % | ||
| Current price: | 4,293.85 | |||
| Support | S1 | 4,258.41 | -0.83 % | |
| S2 | 4,228.34 | -1.53 % | ||
| S3 | 4,179.65 | -2.66 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,783.40 | 11.40 % | |
| R2 | 4,511.95 | 5.08 % | ||
| R1 | 4,294.15 | 0.0070 % | ||
| Current price | 4,293.85 | |||
| Support | S1 | 4,219.20 | -1.74% | |
| S2 | 4,200.95 | -2.16% | ||
| S3 | 3,693.45 | -13.98% |
VADILALIND Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 21, 2022 | Sep 21, 2022 | Sep 21, 2022 | ₹1.25 | 0.0497% |
| 2 | Aug 26, 2019 | Sep 19, 2019 | Oct 30, 2019 | ₹1.25 | 0.159% |
| 3 | May 28, 2018 | Sep 12, 2018 | Oct 24, 2018 | ₹1.25 | 0.291% |
| 4 | May 30, 2017 | Sep 14, 2017 | Oct 29, 2017 | ₹1.25 | 0.134% |
| 5 | May 29, 2016 | Sep 14, 2016 | Oct 27, 2016 | ₹1.25 | 0.222% |
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