Anjani Portland Cement Limited Stock Forecast
Red day on Friday for Anjani Portland Cement Limited
(Updated on May 31, 2024)
The Anjani Portland Cement Limited stock price fell by -2.00% on the last day (Friday, 31st May 2024) from ₹172.40 to ₹168.95. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 3.08% from a day low at ₹168.90 to a day high of ₹174.10. The price has fallen in 6 of the last 10 days and is down by -5.27% for this period. Volume has increased on the last day by 5 thousand 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, 11 thousand shares were bought and sold for approximately ₹1.92 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -6.48% during the next 3 months and, with a 90% probability hold a price between ₹147.45 and ₹170.98 at the end of this 3-month period.
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APCL.NS Signals & Forecast
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. The Anjani Portland Cement 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 ₹176.29 and ₹180.38. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -11.47%. Further fall is indicated until a new bottom pivot has been found. 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 Anjani Portland Cement Limited stock
Anjani Portland Cement Limited finds support from accumulated volume at ₹166.95 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ₹5.20 between high and low, or 3.08%. For the last week the stock has had daily average volatility of 3.66%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (APCL.NS) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Anjani Portland Cement Limited to open at ₹170.65, and during the day (based on 14 day Average True Range), to move between ₹163.66 and ₹174.24, which gives a possible trading interval of +/-₹5.29 (+/-3.13%) up or down from last closing price. If Anjani Portland Cement Limited takes out the full calculated possible swing range there will be an estimated 6.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹170.40 (0.86%) than the support at ₹166.95 (1.18%), 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 Anjani Portland Cement Limited stock A Buy?
Anjani Portland Cement Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.472 Sell Candidate Unchanged
Predicted Opening Price for Anjani Portland Cement Limited of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| ₹170.65 ( 1.01%) | ₹168.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for APCL.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 175.85 | 4.08 % | |
| R2 | 173.86 | 2.91 % | ||
| R1 | 172.64 | 2.18 % | ||
| Current price: | 168.95 | |||
| Support | S1 | 168.66 | -0.170 % | |
| S2 | 167.44 | -0.90 % | ||
| S3 | 165.45 | -2.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 184.65 | 9.29 % | |
| R2 | 179.45 | 6.21 % | ||
| R1 | 170.40 | 0.86 % | ||
| Current price | 168.95 | |||
| Support | S1 | 166.95 | -1.18% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
APCL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 08, 2022 | Sep 08, 2022 | Sep 08, 2022 | ₹2.82 | 1.16% |
| 2 | Sep 07, 2021 | Sep 07, 2021 | Sep 07, 2021 | ₹4.70 | 1.11% |
| 3 | Aug 13, 2020 | Aug 13, 2020 | Aug 13, 2020 | ₹4.70 | 3.02% |
| 4 | May 15, 2019 | Aug 20, 2019 | Sep 27, 2019 | ₹2.35 | 1.58% |
| 5 | May 25, 2018 | Aug 30, 2018 | Oct 07, 2018 | ₹1.88 | 1.62% |
FAQ
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