V-Guard Industries Limited Stock Forecast
V-Guard Industries Limited stock upgraded from Buy Candidate to Strong Buy Candidate after Thursday trading session.
(Updated on Apr 18, 2024)
The V-Guard Industries Limited stock price gained 2.45% on the last trading day (Thursday, 18th Apr 2024), rising from ₹336.65 to ₹344.90. During the last trading day the stock fluctuated 3.42% from a day low at ₹337.35 to a day high of ₹348.90. The price has risen in 7 of the last 10 days and is up by 3.28% 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, 7 thousand more shares were traded than the day before. In total, 34 thousand shares were bought and sold for approximately ₹11.85 million.
The stock lies in the middle of a wide and strong 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 15.61% during the next 3 months and, with a 90% probability hold a price between ₹374.72 and ₹428.92 at the end of this 3-month period.
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VGUARD.BO Signals & Forecast
The V-Guard Industries Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₹342.17 and ₹330.77. A breakdown below any of these levels will issue sell signals. 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 Friday, April 12, 2024, and so far it has fallen -0.634%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Wednesday, January 31, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, May 30, 2023.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Wednesday, January 31, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, May 30, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Wednesday, January 31, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, May 30, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A sell signal from a double top formation was found on Friday, April 12, 2024 and based on theory for this formation the price should fall by -11.10% to ₹306.60 within 24 trading days since signal was issued (Friday, April 19, 2024).
Support, Risk & Stop-loss for V-Guard Industries Limited stock
V-Guard Industries Limited finds support from accumulated volume at ₹330.20 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 ₹11.55 between high and low, or 3.42%. For the last week, the stock has had daily average volatility of 3.01%.
Our recommended stop-loss: ₹331.95 (-3.76%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (VGUARD.BO) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect V-Guard Industries Limited to open at ₹343.72, and during the day (based on 14 day Average True Range), to move between ₹334.49 and ₹355.31, which gives a possible trading interval of +/-₹10.41 (+/-3.02%) up or down from last closing price. If V-Guard Industries Limited takes out the full calculated possible swing range there will be an estimated 6.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹347.10 (0.64%) than the support at ₹330.20 (4.26%), 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 V-Guard Industries Limited stock A Buy?
V-Guard Industries Limited holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.779 Strong Buy Candidate Upgraded
Predicted Opening Price for V-Guard Industries Limited of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| ₹343.72 ( 0.343%) | ₹344.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VGUARD.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 355.27 | 3.01 % | |
| R2 | 350.85 | 1.73 % | ||
| R1 | 348.13 | 0.94 % | ||
| Current price: | 344.90 | |||
| Support | S1 | 339.30 | -1.62 % | |
| S2 | 336.58 | -2.41 % | ||
| S3 | 332.17 | -3.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 347.70 | 0.81 % | ||
| R1 | 347.10 | 0.638 % | ||
| Current price | 344.90 | |||
| Support | S1 | 330.20 | -4.26% | |
| S2 | 324.65 | -5.87% | ||
| S3 | 309.95 | -10.13% |
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