Vikram Thermo Stock Forecast
Vikram Thermo stock upgraded to Buy Candidate.
(Updated on Jun 21, 2024)
The Vikram Thermo stock price fell by -1.70% on the last day (Friday, 21st Jun 2024) from ₹179.50 to ₹176.45. During the last trading day the stock fluctuated 3.35% from a day low at ₹176.00 to a day high of ₹181.90. The price has fallen in 6 of the last 10 days and is down by -2.43% for this period. 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 -5 thousand shares and in total, 14 thousand shares were bought and sold for approximately ₹2.41 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₹164.58 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 19.79% during the next 3 months and, with a 90% probability hold a price between ₹197.15 and ₹291.96 at the end of this 3-month period.
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VIKRAMTH.BO Signals & Forecast
There are mixed signals in the stock today. The Vikram Thermo 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 ₹179.46 and ₹188.78. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 13.04%. 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).
Support, Risk & Stop-loss for Vikram Thermo stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹163.30 and ₹156.10. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Vikram Thermo finds support just below today's level at ₹163.30. If this is broken, then the next support from accumulated volume will be at ₹156.10 and ₹148.20.
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 ₹5.90 between high and low, or 3.35%. For the last week, the stock has had daily average volatility of 5.47%.
Our recommended stop-loss: ₹169.64 (-3.86%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 34 days ago.)
Trading Expectations (VIKRAMTH.BO) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Vikram Thermo to open at ₹178.12, and during the day (based on 14 day Average True Range), to move between ₹165.49 and ₹187.41, which gives a possible trading interval of +/-₹10.96 (+/-6.21%) up or down from last closing price. If Vikram Thermo takes out the full calculated possible swing range there will be an estimated 12.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹163.30 (7.45%) than the resistance at ₹195.95 (11.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Vikram Thermo 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 Vikram Thermo stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.961 Buy Candidate Upgraded
Predicted Opening Price for Vikram Thermo of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| ₹178.12 ( 0.94%) | ₹176.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VIKRAMTH.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 184.02 | 4.29% |
| R2 | 181.76 | 3.01% |
| R1 | 180.37 | 2.22% |
| Price | 176.45 | |
| S1 | 175.86 | -0.333% |
| S2 | 174.47 | -1.12% |
| S3 | 172.22 | -2.40% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 219.70 | 24.51% |
| R2 | 206.20 | 16.86% |
| R1 | 195.95 | 11.05% |
| Price | 176.45 | |
| S1 | 163.30 | -7.45% |
| S2 | 156.10 | -11.53% |
| S3 | 148.20 | -16.01% |
VIKRAMTH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 15, 2023 | Sep 15, 2023 | Oct 22, 2023 | ₹0.500 | 0.459% |
| 2 | Sep 08, 2022 | Sep 08, 2022 | Oct 17, 2022 | ₹0.300 | 0.585% |
| 3 | Sep 23, 2021 | Sep 23, 2021 | Oct 30, 2021 | ₹0.300 | 0.173% |
| 4 | Sep 22, 2020 | Sep 22, 2020 | Oct 29, 2020 | ₹0.300 | 0.165% |
| 5 | Sep 19, 2019 | Sep 19, 2019 | Oct 29, 2019 | ₹0.300 | 0.355% |
FAQ
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