V.S.T. Tillers Tractors Limited Stock Forecast
V.S.T. Tillers Tractors Limited stock downgraded from Buy Candidate to Sell Candidate after Friday trading session.
(Updated on May 17, 2024)
The V.S.T. Tillers Tractors Limited stock price fell by -1.52% on the last day (Friday, 17th May 2024) from ₹3,392.40 to ₹3,340.70. During the last trading day the stock fluctuated 2.94% from a day low at ₹3,312.00 to a day high of ₹3,409.40. The price has been going up and down for this period, and there has been a -1.75% loss for the last 2 weeks. Volume has increased on the last day by 3 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 6 thousand shares were bought and sold for approximately ₹21.29 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₹3,284.65 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 7.50% during the next 3 months and, with a 90% probability hold a price between ₹3,531.06 and ₹3,995.22 at the end of this 3-month period.
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VSTTILLERS.NS Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, May 06, 2024, and so far it has risen 2.93%. 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. The V.S.T. Tillers Tractors Limited 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 ₹3,347.73 and ₹3,357.24. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for V.S.T. Tillers Tractors Limited stock
V.S.T. Tillers Tractors Limited finds support from accumulated volume at ₹3,301.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 ₹97.40 between high and low, or 2.94%. For the last week, the stock has had daily average volatility of 2.43%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VSTTILLERS.NS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect V.S.T. Tillers Tractors Limited to open at ₹3,354.03, and during the day (based on 14 day Average True Range), to move between ₹3,221.37 and ₹3,460.03, which gives a possible trading interval of +/-₹119.33 (+/-3.57%) up or down from last closing price. If V.S.T. Tillers Tractors Limited takes out the full calculated possible swing range there will be an estimated 7.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹3,301.20 (1.18%) than the resistance at ₹3,498.60 (4.73%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is V.S.T. Tillers Tractors Limited stock A Buy?
The V.S.T. Tillers Tractors Limited stock holds several negative signals and despite the positive trend, we believe V.S.T. Tillers Tractors Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -2.709 Sell Candidate Downgraded
Predicted Opening Price for V.S.T. Tillers Tractors Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₹3,354.03 ( 0.399%) | ₹3,340.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VSTTILLERS.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,451.43 | 3.31 % | |
| R2 | 3,414.23 | 2.20 % | ||
| R1 | 3,391.24 | 1.51 % | ||
| Current price: | 3,340.70 | |||
| Support | S1 | 3,316.83 | -0.715 % | |
| S2 | 3,293.84 | -1.40 % | ||
| S3 | 3,256.63 | -2.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,656.25 | 9.45 % | |
| R2 | 3,530.00 | 5.67 % | ||
| R1 | 3,498.60 | 4.73 % | ||
| Current price | 3,340.70 | |||
| Support | S1 | 3,301.20 | -1.18% | |
| S2 | 3,296.40 | -1.33% | ||
| S3 | 3,073.40 | -8.00% |
VSTTILLERS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 11, 2022 | Aug 11, 2022 | Aug 11, 2022 | ₹20.00 | 0.82% |
| 2 | Aug 18, 2021 | Aug 18, 2021 | Aug 18, 2021 | ₹20.00 | 0.763% |
| 3 | Mar 09, 2020 | Mar 23, 2020 | Mar 31, 2020 | ₹15.00 | 2.24% |
| 4 | May 10, 2019 | Aug 01, 2019 | Aug 12, 2019 | ₹15.00 | 1.56% |
| 5 | May 11, 2018 | Aug 02, 2018 | Aug 13, 2018 | ₹35.00 | 1.65% |
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