Vardhman Holdings Limited Stock Forecast
Volatile ride for Vardhman Holdings Limited stock price on Friday moving between ₹3,591.05 and ₹4,300.00
(Updated on Jun 28, 2024)
The Vardhman Holdings Limited stock price gained 12.72% on the last trading day (Friday, 28th Jun 2024), rising from ₹3,587.00 to ₹4,043.35. During the last trading day the stock fluctuated 19.74% from a day low at ₹3,591.05 to a day high of ₹4,300.00. The price has been going up and down for this period, and there has been a 28.26% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 25 thousand more shares were traded than the day before. In total, 31 thousand shares were bought and sold for approximately ₹125.64 million.
The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ₹4,096.89 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 12.34% during the next 3 months and, with a 90% probability hold a price between ₹3,354.37 and ₹4,602.52 at the end of this 3-month period.
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VHL.NS Signals & Forecast
The Vardhman Holdings 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 ₹3,728.41 and ₹3,195.10. 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 Monday, June 24, 2024, and so far it has fallen -0.602%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Monday, May 20, 2024 in the short-term chart.
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 Monday, May 20, 2024 in the short-term chart.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.
Support, Risk & Stop-loss for Vardhman Holdings Limited stock
Vardhman Holdings Limited finds support from accumulated volume at ₹3,861.40 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 ₹708.95 between high and low, or 19.74%. For the last week, the stock has had daily average volatility of 14.39%.
Our recommended stop-loss: ₹3,898.75 (-3.58%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (VHL.NS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Vardhman Holdings Limited to open at ₹3,978.13, and during the day (based on 14 day Average True Range), to move between ₹3,803.63 and ₹4,283.07, which gives a possible trading interval of +/-₹239.72 (+/-5.93%) up or down from last closing price. If Vardhman Holdings Limited takes out the full calculated possible swing range there will be an estimated 11.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹4,067.85 (0.61%) than the support at ₹3,861.40 (4.50%), 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 Vardhman Holdings Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Vardhman Holdings Limited stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.851 Buy Candidate Upgraded
Predicted Opening Price for Vardhman Holdings Limited of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
₹3,978.13 ( 1.61%) | ₹4,043.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VHL.NS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 4,687.08 | 15.92% |
R2 | 4,416.26 | 9.22% |
R1 | 4,248.95 | 5.08% |
Price | 4,043.35 | |
S1 | 3,707.31 | -8.31% |
S2 | 3,540.00 | -12.45% |
S3 | 3,269.18 | -19.15% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 4,067.85 | 0.606% |
Price | 4,043.35 | |
S1 | 3,861.40 | -4.50% |
S2 | 3,587.00 | -11.29% |
S3 | 3,508.70 | -13.22% |
VHL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 15, 2023 | Sep 15, 2023 | Oct 30, 2023 | ₹5.00 | 0.177% |
2 | Sep 16, 2022 | Sep 16, 2022 | Sep 16, 2022 | ₹5.00 | 0.145% |
3 | Sep 16, 2021 | Sep 16, 2021 | Sep 16, 2021 | ₹5.00 | 0.158% |
4 | May 24, 2019 | Sep 18, 2019 | Oct 30, 2019 | ₹5.00 | 0.336% |
5 | May 22, 2018 | Sep 12, 2018 | Oct 27, 2018 | ₹5.00 | 0.242% |
FAQ
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