Vaibhav Global Limited Stock Forecast
Red day on Thursday for Vaibhav Global Limited
(Updated on Mar 28, 2024)
The Vaibhav Global Limited stock price fell by -1.51% on the last day (Thursday, 28th Mar 2024) from ₹369.90 to ₹364.30. During the last trading day the stock fluctuated 4.48% from a day low at ₹360.20 to a day high of ₹376.35. The price has been going up and down for this period, and there has been a 1.12% gain for the last 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 -124 thousand shares and in total, 520 thousand shares were bought and sold for approximately ₹189.30 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₹352.25 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -12.36% during the next 3 months and, with a 90% probability hold a price between ₹308.71 and ₹423.70 at the end of this 3-month period.
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VAIBHAVGBL.NS Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, March 20, 2024, and so far it has risen 1.83%. Further rise is indicated until a new top pivot has been found. 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 ₹368.31 and ₹420.40. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 ₹360.25 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹16.15 between high and low, or 4.48%. For the last week, the stock has had daily average volatility of 4.29%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VAIBHAVGBL.NS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Vaibhav Global Limited to open at ₹366.95, and during the day (based on 14 day Average True Range), to move between ₹344.89 and ₹383.71, which gives a possible trading interval of +/-₹19.41 (+/-5.33%) up or down from last closing price. If Vaibhav Global Limited takes out the full calculated possible swing range there will be an estimated 10.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹360.25 (1.11%) than the resistance at ₹431.65 (18.49%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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.
Current score: -3.819 Sell Candidate Unchanged
Predicted Opening Price for Vaibhav Global Limited of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
₹366.95 ( 0.727%) | ₹364.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VAIBHAVGBL.NS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 383.10 | 5.16 % | |
R2 | 376.93 | 3.47 % | ||
R1 | 373.12 | 2.42 % | ||
Current price: | 364.30 | |||
Support | S1 | 360.78 | -0.97 % | |
S2 | 356.97 | -2.01 % | ||
S3 | 350.80 | -3.71 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 450.75 | 23.73 % | |
R2 | 432.20 | 18.64 % | ||
R1 | 431.65 | 18.49 % | ||
Current price | 364.30 | |||
Support | S1 | 360.25 | -1.11% | |
S2 | 357.75 | -1.80% | ||
S3 | 0 | . |
VAIBHAVGBL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 08, 2024 | Feb 08, 2024 | Feb 29, 2024 | ₹1.50 | 0.355% |
2 | Nov 07, 2023 | Nov 07, 2023 | Nov 07, 2023 | ₹1.50 | 0.351% |
3 | Aug 10, 2023 | Aug 10, 2023 | Aug 10, 2023 | ₹1.50 | 0.386% |
4 | Jun 30, 2023 | Jun 30, 2023 | Jun 30, 2023 | ₹1.50 | 0.487% |
5 | Feb 03, 2023 | Feb 03, 2023 | Feb 03, 2023 | ₹1.50 | 0.506% |
FAQ
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