Vishwaraj Sugar Industries Lim Stock Forecast
Green day on Friday for Vishwaraj Sugar Industries Lim stock after gaining 0.478%
(Updated on Jun 28, 2024)
The Vishwaraj Sugar Industries Lim stock price gained 0.478% on the last trading day (Friday, 28th Jun 2024), rising from ₹16.75 to ₹16.83. During the last trading day the stock fluctuated 3.57% from a day low at ₹16.51 to a day high of ₹17.10. The price has fallen in 5 of the last 10 days and is down by -4.1% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 11 thousand more shares were traded than the day before. In total, 53 thousand shares were bought and sold for approximately ₹897.59 thousand.
The stock lies in the middle of a wide and weak 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 2.38% during the next 3 months and, with a 90% probability hold a price between ₹15.15 and ₹18.30 at the end of this 3-month period.
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VISHWARAJ.BO Signals & Forecast
The Vishwaraj Sugar Industries Lim stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₹17.21. On a fall, the stock will find some support from the long-term average at approximately ₹16.20. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Vishwaraj Sugar Industries Lim has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Thursday, June 20, 2024, and so far it has fallen -5.61%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Vishwaraj Sugar Industries Lim stock
Vishwaraj Sugar Industries Lim finds support from accumulated volume at ₹16.52 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 ₹0.590 between high and low, or 3.57%. For the last week, the stock has had daily average volatility of 4.20%.
Our recommended stop-loss: ₹15.96 (-5.20%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (VISHWARAJ.BO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Vishwaraj Sugar Industries Lim to open at ₹16.81, and during the day (based on 14 day Average True Range), to move between ₹16.15 and ₹17.51, which gives a possible trading interval of +/-₹0.676 (+/-4.02%) up or down from last closing price. If Vishwaraj Sugar Industries Lim takes out the full calculated possible swing range there will be an estimated 8.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹16.52 (1.84%) than the resistance at ₹17.26 (2.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Vishwaraj Sugar Industries Lim stock A Buy?
Vishwaraj Sugar Industries Lim holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.794 Hold/Accumulate Unchanged
Predicted Opening Price for Vishwaraj Sugar Industries Lim of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
₹16.81 ( 0.0990%) | ₹16.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VISHWARAJ.BO
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 17.40 | 3.41% |
R2 | 17.18 | 2.07% |
R1 | 17.04 | 1.24% |
Price | 16.83 | |
S1 | 16.59 | -1.44% |
S2 | 16.45 | -2.27% |
S3 | 16.22 | -3.60% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 17.83 | 5.94% |
R2 | 17.55 | 4.28% |
R1 | 17.26 | 2.55% |
Price | 16.83 | |
S1 | 16.52 | -1.84% |
S2 | 16.34 | -2.91% |
S3 | 14.68 | -12.77% |
VISHWARAJ Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 21, 2023 | Feb 21, 2023 | Mar 11, 2023 | ₹0.100 | 0.617% |
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