Bodal Chemicals Limited Stock Forecast
Red day on Wednesday for Bodal Chemicals Limited stock after losing 0%
(Updated on May 01, 2024)
No changes to the price of Bodal Chemicals Limited stock on the last trading day (Wednesday, 1st May 2024). During the last trading day the stock fluctuated 0% from a day low at ₹77.80 to a day high of ₹77.80. The price has fallen in 6 of the last 10 days and is down by -0.83% for this period.
The stock lies in the middle of a very 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 -4.05% during the next 3 months and, with a 90% probability hold a price between ₹65.41 and ₹91.56 at the end of this 3-month period.
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BODALCHEM.NS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has fallen 0%. 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 Bodal Chemicals 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 ₹79.16 and ₹80.02. 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 fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Monday, June 12, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Monday, June 12, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Bodal Chemicals Limited stock
Bodal Chemicals Limited finds support from accumulated volume at ₹77.75 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved ₹0 between high and low, or 0%. For the last week the stock has had daily average volatility of 2.06%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BODALCHEM.NS) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Bodal Chemicals Limited to open at ₹77.80, and during the day (based on 14 day Average True Range), to move between ₹74.73 and ₹80.87, which gives a possible trading interval of +/-₹3.07 (+/-3.95%) up or down from last closing price. If Bodal Chemicals Limited takes out the full calculated possible swing range there will be an estimated 7.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹77.75 (0.06%) than the resistance at ₹88.75 (14.07%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Bodal Chemicals Limited stock A Buy?
Bodal Chemicals Limited holds several negative signals and is within a very 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: -2.803 Sell Candidate Unchanged
Predicted Opening Price for Bodal Chemicals Limited of Thursday, May 2, 2024
Fair opening price May 2, 2024 | Current price |
---|---|
₹77.80 ( 0%) | ₹77.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BODALCHEM.NS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 77.80 | . | |
R2 | 77.80 | . | ||
R1 | 77.80 | . | ||
Current price: | 77.80 | |||
Support | S1 | 77.80 | . | |
S2 | 77.80 | . | ||
S3 | 77.80 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 96.25 | 23.71 % | |
R2 | 95.60 | 22.88 % | ||
R1 | 88.75 | 14.07 % | ||
Current price | 77.80 | |||
Support | S1 | 77.75 | -0.0643% | |
S2 | 74.05 | -4.82% | ||
S3 | 73.45 | -5.59% |
BODALCHEM Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 22, 2022 | Sep 22, 2022 | Sep 22, 2022 | ₹0.80 | 0.89% |
2 | Sep 16, 2021 | Sep 16, 2021 | Sep 16, 2021 | ₹0.80 | 0.716% |
3 | Feb 04, 2020 | Feb 18, 2020 | Mar 13, 2020 | ₹0.80 | 1.44% |
4 | May 21, 2019 | Sep 12, 2019 | Oct 20, 2019 | ₹0.80 | 1.12% |
5 | May 29, 2018 | Sep 06, 2018 | Oct 17, 2018 | ₹0.80 | 0.653% |
FAQ
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