Borosil Limited Stock Forecast
Borosil Limited stock price ended at ₹363.85 on Thursday, after gaining 2.70%.
(Updated on May 02, 2024)
The Borosil Limited stock price gained 2.70% on the last trading day (Thursday, 2nd May 2024), rising from ₹354.30 to ₹363.85. During the last trading day the stock fluctuated 3.21% from a day low at ₹353.65 to a day high of ₹365.00. The price has fallen in 6 of the last 10 days and is down by -1.17% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 18 thousand more shares were traded than the day before. In total, 21 thousand shares were bought and sold for approximately ₹7.78 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 -4.40% during the next 3 months and, with a 90% probability hold a price between ₹335.15 and ₹369.03 at the end of this 3-month period.
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BOROLTD.BO Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 3.32%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Borosil Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₹367.91. On a fall, the stock will find some support from the short-term average at ₹355.49. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Borosil Limited stock
Borosil Limited finds support from accumulated volume at ₹357.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ₹11.35 (3.21%) between high and low. For the last week, the stock has had daily average volatility of 1.88%.
Our recommended stop-loss: ₹344.77 (-5.24%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (BOROLTD.BO) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Borosil Limited to open at ₹360.83, and during the day (based on 14 day Average True Range), to move between ₹353.18 and ₹374.52, which gives a possible trading interval of +/-₹10.67 (+/-2.93%) up or down from last closing price. If Borosil Limited takes out the full calculated possible swing range there will be an estimated 5.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹357.10 (1.86%) than the resistance at ₹386.65 (6.27%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Borosil Limited stock A Buy?
Borosil 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: 0.406 Hold/Accumulate Unchanged
Predicted Opening Price for Borosil Limited of Friday, May 3, 2024
Fair opening price May 3, 2024 | Current price |
---|---|
₹360.83 ( 0.83%) | ₹363.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BOROLTD.BO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 372.18 | 2.29 % | |
R2 | 367.85 | 1.10 % | ||
R1 | 365.17 | 0.363 % | ||
Current price: | 363.85 | |||
Support | S1 | 356.50 | -2.02 % | |
S2 | 353.82 | -2.76 % | ||
S3 | 349.48 | -3.95 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 400.90 | 10.18 % | |
R2 | 397.95 | 9.37 % | ||
R1 | 386.65 | 6.27 % | ||
Current price | 363.85 | |||
Support | S1 | 357.10 | -1.86% | |
S2 | 354.55 | -2.56% | ||
S3 | 343.65 | -5.55% |
BOROLTD Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Aug 17, 2021 | Aug 17, 2021 | Sep 25, 2021 | ₹1.00 | 0.466% |
FAQ
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