Windsor Machines Limited Stock Forecast
High volatility in Windsor Machines Limited stock price on Friday which ended trading at ₹150.97
(Updated on Jun 21, 2024)
The Windsor Machines Limited stock price gained 6.08% on the last trading day (Friday, 21st Jun 2024), rising from ₹142.32 to ₹150.97. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 19.41% from a day low at ₹131.10 to a day high of ₹156.55. The price has risen in 9 of the last 10 days and is up by 101.16% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 319 thousand more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately ₹584.07 million.
The stock has broken the very wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at ₹107.42, a level that may pose a second chance to hit a runner.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
WINDMACHIN.NS Signals & Forecast
The Windsor Machines 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 ₹113.35 and ₹87.69. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 115.21%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Windsor Machines Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹142.32 and ₹129.39. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at ₹129.39 may give a huge drop in the stock price.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ₹25.45 between high and low, or 19.41%. For the last week, the stock has had daily average volatility of 12.27%.
The Windsor Machines Limited stock is extremely overbought on RSI14 (91). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: ₹146.17 (-3.18%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 91 and this increases the risk substantially. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (WINDMACHIN.NS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Windsor Machines Limited to open at ₹146.21, and during the day (based on 14 day Average True Range), to move between ₹141.77 and ₹160.17, which gives a possible trading interval of +/-₹9.20 (+/-6.10%) up or down from last closing price. If Windsor Machines Limited takes out the full calculated possible swing range there will be an estimated 12.19% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₹142.32, some ₹8.65 (5.73%) from the current price of ₹150.97, our system finds the risk reward attractive.
Is Windsor Machines Limited stock A Buy?
Windsor Machines Limited 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Windsor Machines Limited of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| ₹146.21 ( 3.16%) | ₹150.97 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WINDMACHIN.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 171.66 | 13.70% |
| R2 | 161.93 | 7.26% |
| R1 | 155.93 | 3.28% |
| Price | 150.97 | |
| S1 | 136.48 | -9.59% |
| S2 | 130.48 | -13.57% |
| S3 | 120.76 | -20.01% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 150.97 | |
| S1 | 142.32 | -5.73% |
| S2 | 129.39 | -14.29% |
| S3 | 0 | - |
WINDMACHIN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 22, 2023 | Sep 22, 2023 | Sep 22, 2023 | ₹1.00 | 1.32% |
| 2 | Sep 22, 2022 | Sep 22, 2022 | Sep 22, 2022 | ₹1.00 | 2.66% |
| 3 | Sep 15, 2021 | Sep 15, 2021 | Sep 15, 2021 | ₹1.00 | 3.40% |
| 4 | May 27, 2019 | Sep 16, 2019 | Oct 24, 2019 | ₹1.00 | 5.65% |
| 5 | May 28, 2018 | Sep 03, 2018 | Oct 11, 2018 | ₹1.00 | 1.47% |
FAQ
Click here for our free guide on how to buy Windsor Machines Limited Stock.
