Vaibhav Global Limited Stock Forecast
Stronger technical forecast for Vaibhav Global Limited stock price after Tuesday trading.
(Updated on Jun 25, 2024)
The Vaibhav Global Limited stock price fell by -0.170% on the last day (Tuesday, 25th Jun 2024) from ₹322.75 to ₹322.20. During the last trading day the stock fluctuated 2.08% from a day low at ₹319.15 to a day high of ₹325.80. The price has risen in 6 of the last 10 days and is up by 0.08% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -28 thousand shares and in total, 14 thousand shares were bought and sold for approximately ₹4.60 million.
The stock lies in the middle of a very 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 -17.36% during the next 3 months and, with a 90% probability hold a price between ₹213.45 and ₹309.17 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
VAIBHAVGBL.BO Signals & Forecast
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. The Vaibhav Global 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 ₹326.94 and ₹347.37. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -3.02%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Vaibhav Global Limited stock
Vaibhav Global Limited finds support from accumulated volume at ₹308.95 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 ₹6.65 between high and low, or 2.08%. For the last week, the stock has had daily average volatility of 3.04%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VAIBHAVGBL.BO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Vaibhav Global Limited to open at ₹322.38, and during the day (based on 14 day Average True Range), to move between ₹309.11 and ₹335.29, which gives a possible trading interval of +/-₹13.09 (+/-4.06%) up or down from last closing price. If Vaibhav Global Limited takes out the full calculated possible swing range there will be an estimated 8.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹329.70 (2.33%) than the support at ₹308.95 (4.11%), 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 Vaibhav Global Limited stock A Buy?
Vaibhav Global Limited holds several negative signals and is within a very 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.732 Sell Candidate Upgraded
Predicted Opening Price for Vaibhav Global Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₹322.38 ( 0.0569%) | ₹322.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VAIBHAVGBL.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 329.03 | 2.12% |
| R2 | 326.49 | 1.33% |
| R1 | 324.92 | 0.85% |
| Price | 322.20 | |
| S1 | 319.84 | -0.732% |
| S2 | 318.27 | -1.22% |
| S3 | 315.73 | -2.01% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 389.45 | 20.87% |
| R2 | 379.20 | 17.69% |
| R1 | 329.70 | 2.33% |
| Price | 322.20 | |
| S1 | 308.95 | -4.11% |
| S2 | 294.60 | -8.57% |
| S3 | 277.25 | -13.95% |
VAIBHAVGBL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2024 | Jun 28, 2024 | Aug 31, 2024 | ₹1.50 | 0.466% |
| 2 | Feb 08, 2024 | Feb 08, 2024 | Feb 08, 2024 | ₹1.50 | 0.320% |
| 3 | Nov 07, 2023 | Nov 07, 2023 | Nov 29, 2023 | ₹1.50 | 0.357% |
| 4 | Aug 10, 2023 | Aug 10, 2023 | Sep 01, 2023 | ₹1.50 | 0.333% |
| 5 | Jun 30, 2023 | Jun 30, 2023 | Sep 01, 2023 | ₹1.50 | 0.333% |
FAQ
Click here for our free guide on how to buy Vaibhav Global Limited Stock.
