Vimta Labs Limited Stock Forecast

Red day on Friday for Vimta Labs Limited stock after losing 0.93%
(Updated on May 17, 2024)

VIMTALABS.BO Signals & Forecast

The Vimta Labs 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 ₹489.41 and ₹485.99. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 09, 2024, and so far it has risen 2.60%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Vimta Labs Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at ₹458.35 and ₹456.20. 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, Vimta Labs Limited finds support just below today's level at ₹458.35. If this is broken, then the next support from accumulated volume will be at ₹456.20 and ₹454.00.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved ₹8.40 between high and low, or 1.71%. For the last week the stock has had daily average volatility of 3.73%.

Our recommended stop-loss: ₹465.57 (-5.77%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 6 days ago.)

Trading Expectations (VIMTALABS.BO) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Vimta Labs Limited to open at ₹494.90, and during the day (based on 14 day Average True Range), to move between ₹472.14 and ₹516.06, which gives a possible trading interval of +/-₹21.96 (+/-4.44%) up or down from last closing price. If Vimta Labs Limited takes out the full calculated possible swing range there will be an estimated 8.89% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹458.35 (7.24%) than the resistance at ₹536.55 (8.59%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Vimta Labs 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 Vimta Labs Limited stock to perform well in the short-term.

Current score: 2.516 Buy Candidate Unchanged

Predicted Opening Price for Vimta Labs Limited of Tuesday, May 21, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.