V-Mart Retail Limited Stock Forecast
Stronger technical forecast for V-Mart Retail Limited stock price after Wednesday trading.
(Updated on May 22, 2024)
The V-Mart Retail Limited stock price fell by -0.226% on the last day (Wednesday, 22nd May 2024) from ₹2,257.90 to ₹2,252.80. During the last trading day the stock fluctuated 4.09% from a day low at ₹2,200.00 to a day high of ₹2,289.90. The price has risen in 5 of the last 10 days and is up by 4.4% over the past 2 weeks. 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 -2 thousand shares and in total, 21 thousand shares were bought and sold for approximately ₹46.87 million.
The stock lies in the upper part of a 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 ₹2,263.17 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 15.93% during the next 3 months and, with a 90% probability hold a price between ₹2,465.84 and ₹2,623.67 at the end of this 3-month period.
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VMART.NS Signals & Forecast
The V-Mart Retail 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 ₹2,219.41 and ₹2,148.63. 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). 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 Tuesday, May 21, 2024, and so far it has fallen -0.226%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for V-Mart Retail Limited stock
V-Mart Retail Limited finds support from accumulated volume at ₹2,230.20 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 ₹89.90 (4.09%) between high and low. For the last week, the stock has had daily average volatility of 3.66%.
Our recommended stop-loss: ₹2,165.99 (-3.85%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (VMART.NS) For The Upcoming Trading Day Of Thursday 23rd
For the upcoming trading day on Thursday, 23rd we expect V-Mart Retail Limited to open at ₹2,247.57, and during the day (based on 14 day Average True Range), to move between ₹2,178.59 and ₹2,327.01, which gives a possible trading interval of +/-₹74.21 (+/-3.29%) up or down from last closing price. If V-Mart Retail Limited takes out the full calculated possible swing range there will be an estimated 6.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹2,257.90 (0.23%) than the support at ₹2,230.20 (1.00%), 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 V-Mart Retail 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 V-Mart Retail 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: 2.931 Buy Candidate Upgraded
Predicted Opening Price for V-Mart Retail Limited of Thursday, May 23, 2024
| Fair opening price May 23, 2024 | Current price |
|---|---|
| ₹2,247.57 ( 0.232%) | ₹2,252.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VMART.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,337.47 | 3.76 % | |
| R2 | 2,303.12 | 2.23 % | ||
| R1 | 2,281.91 | 1.29 % | ||
| Current price: | 2,252.80 | |||
| Support | S1 | 2,213.22 | -1.76 % | |
| S2 | 2,192.01 | -2.70 % | ||
| S3 | 2,157.67 | -4.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 2,257.90 | 0.226 % | ||
| Current price | 2,252.80 | |||
| Support | S1 | 2,230.20 | -1.00% | |
| S2 | 2,164.50 | -3.92% | ||
| S3 | 2,146.50 | -4.72% |
VMART Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 18, 2022 | Aug 18, 2022 | Aug 18, 2022 | ₹0.750 | 0.0252% |
| 2 | May 10, 2019 | Jul 24, 2019 | Sep 01, 2019 | ₹1.70 | 0.0856% |
| 3 | May 24, 2018 | Jun 20, 2018 | Jul 29, 2018 | ₹2.00 | 0.0840% |
| 4 | May 03, 2017 | Sep 08, 2017 | Oct 18, 2017 | ₹1.25 | 0.0868% |
| 5 | May 28, 2016 | Sep 20, 2016 | Oct 28, 2016 | ₹0.100 | 0.0193% |
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