Vikas EcoTech Limited Stock Forecast
Vikas EcoTech Limited stock price up 3.56% on Friday
(Updated on Jun 21, 2024)
The Vikas EcoTech Limited stock price gained 3.56% on the last trading day (Friday, 21st Jun 2024), rising from ₹3.93 to ₹4.07. During the last trading day the stock fluctuated 6.57% from a day low at ₹3.96 to a day high of ₹4.22. The price has fallen in 6 of the last 10 days but is still up by 10% over the past 2 weeks. Volume fell on the last day by -3 million shares and in total, 40 million shares were bought and sold for approximately ₹161.65 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.
The stock lies the upper part of a wide and falling 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 ₹4.09 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -5.37% during the next 3 months and, with a 90% probability hold a price between ₹3.37 and ₹3.87 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.
VIKASECO.NS Signals & Forecast
Mostly positive signals in the chart today. The Vikas EcoTech 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 ₹3.83 and ₹3.81. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 05, 2024, and so far it has risen 13.06%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for Vikas EcoTech Limited stock
Vikas EcoTech Limited finds support from accumulated volume at ₹4.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ₹0.260 (6.57%) between high and low. For the last week, the stock has had daily average volatility of 5.22%.
Our recommended stop-loss: ₹3.94 (-3.16%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 56 days ago.)
Trading Expectations (VIKASECO.NS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Vikas EcoTech Limited to open at ₹4.08, and during the day (based on 14 day Average True Range), to move between ₹3.89 and ₹4.25, which gives a possible trading interval of +/-₹0.182 (+/-4.47%) up or down from last closing price. If Vikas EcoTech Limited takes out the full calculated possible swing range there will be an estimated 8.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹4.00 (1.72%) than the resistance at ₹4.15 (1.97%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Vikas EcoTech Limited stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 4.176 Buy Candidate Unchanged
Predicted Opening Price for Vikas EcoTech Limited of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| ₹4.08 ( 0.328%) | ₹4.07 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VIKASECO.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.34 | 6.72% |
| R2 | 4.24 | 4.28% |
| R1 | 4.18 | 2.77% |
| Price | 4.07 | |
| S1 | 3.98 | -2.11% |
| S2 | 3.92 | -3.62% |
| S3 | 3.82 | -6.06% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.30 | 5.65% |
| R2 | 4.25 | 4.42% |
| R1 | 4.15 | 1.97% |
| Price | 4.07 | |
| S1 | 4.00 | -1.72% |
| S2 | 3.95 | -2.95% |
| S3 | 3.75 | -7.86% |
VIKASECO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2019 | Sep 19, 2019 | Oct 05, 2019 | ₹0.0500 | 1.37% |
| 2 | May 31, 2018 | Sep 19, 2018 | Oct 28, 2018 | ₹0.0312 | 0.396% |
| 3 | May 29, 2017 | Sep 20, 2017 | Oct 28, 2017 | ₹0.0312 | 0.266% |
| 4 | May 23, 2016 | Sep 22, 2016 | Oct 30, 2016 | ₹0.0312 | 0.259% |
| 5 | Jun 01, 2015 | Sep 22, 2015 | Oct 30, 2015 | ₹0.0312 | 0.288% |
FAQ
Click here for our free guide on how to buy Vikas EcoTech Limited Stock.
