Anjani Portland Cement Limited Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Weaker technical forecast for Anjani Portland Cement Limited as stock downgraded to Hold/Accumulate.
(Updated on Jun 18, 2024)
The Anjani Portland Cement Limited stock price gained 2.15% on the last trading day (Tuesday, 18th Jun 2024), rising from ₹199.20 to ₹203.49. It has now gained 9 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 2.90% from a day low at ₹200.05 to a day high of ₹205.86. The price has risen in 9 of the last 10 days and is up by 18.69% over the past 2 weeks. Volume fell on the last day by -5 thousand shares and in total, 47 thousand shares were bought and sold for approximately ₹9.51 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock has broken the wide and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. ₹192.04 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach ₹221.57 sometime during the next 3 months.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
APCL.NS Signals & Forecast
The Anjani Portland Cement 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 ₹193.22 and ₹180.10. 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 25.38%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Anjani Portland Cement Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹193.12 and ₹170.40. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Anjani Portland Cement Limited finds support just below today's level at ₹193.12. If this is broken, then the next support from accumulated volume will be at ₹170.40 and ₹166.95.
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 ₹5.81 between high and low, or 2.90%. For the last week, the stock has had daily average volatility of 3.03%.
Since the Anjani Portland Cement Limited has been rising for 9 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.
Our recommended stop-loss: ₹197.26 (-3.06%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 49 days ago.)
Trading Expectations (APCL.NS) For The Upcoming Trading Day Of Wednesday 19th
For the upcoming trading day on Wednesday, 19th we expect Anjani Portland Cement Limited to open at ₹203.13, and during the day (based on 14 day Average True Range), to move between ₹196.43 and ₹210.55, which gives a possible trading interval of +/-₹7.06 (+/-3.47%) 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 6.94% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₹193.12, some ₹10.37 (5.10%) from the current price of ₹203.49, our system finds the risk reward attractive.
Is Anjani Portland Cement Limited stock A Buy?
Anjani Portland Cement 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. 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 Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
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 Anjani Portland Cement Limited of Wednesday, June 19, 2024
| Fair opening price June 19, 2024 | Current price |
|---|---|
| ₹203.13 ( 0.175%) | ₹203.49 |
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 | |
|---|---|---|
| R3 | 208.94 | 2.68% |
| R2 | 206.72 | 1.59% |
| R1 | 205.35 | 0.92% |
| Price | 203.49 | |
| S1 | 200.91 | -1.27% |
| S2 | 199.54 | -1.94% |
| S3 | 197.32 | -3.03% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 203.49 | |
| S1 | 193.12 | -5.10% |
| S2 | 170.40 | -16.26% |
| S3 | 166.95 | -17.96% |
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
Click here for our free guide on how to buy Anjani Portland Cement Limited Stock.
