CCL Products (India) Limited Stock Forecast
Green day on Tuesday for CCL Products (India) Limited stock after gaining 0.143%
(Updated on Jun 25, 2024)
The CCL Products (India) Limited stock price gained 0.143% on the last trading day (Tuesday, 25th Jun 2024), rising from ₹594.70 to ₹595.55. During the last trading day the stock fluctuated 1.69% from a day low at ₹593.00 to a day high of ₹603.00. The price has been going up and down for this period, and there has been a -0.51% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 862 more shares were traded than the day before. In total, 83 thousand shares were bought and sold for approximately ₹49.17 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.50% during the next 3 months and, with a 90% probability hold a price between ₹573.65 and ₹631.76 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
CCL.NS Signals & Forecast
The CCL Products (India) Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₹603.49. On a fall, the stock will find some support from the long-term average at approximately ₹584.10. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -3.19%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for CCL Products (India) Limited stock
CCL Products (India) Limited finds support from accumulated volume at ₹572.10 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 ₹10.00 (1.69%) between high and low. For the last week, the stock has had daily average volatility of 2.69%.
Our recommended stop-loss: ₹571.64 (-4.01%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 24 days ago.)
Trading Expectations (CCL.NS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect CCL Products (India) Limited to open at ₹597.18, and during the day (based on 14 day Average True Range), to move between ₹578.85 and ₹612.25, which gives a possible trading interval of +/-₹16.70 (+/-2.80%) up or down from last closing price. If CCL Products (India) Limited takes out the full calculated possible swing range there will be an estimated 5.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹597.90 (0.39%) than the support at ₹572.10 (3.94%), 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 CCL Products (India) Limited stock A Buy?
CCL Products (India) 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: -0.713 Hold/Accumulate Unchanged
Predicted Opening Price for CCL Products (India) Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₹597.18 ( 0.274%) | ₹595.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CCL.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 607.18 | 1.95% |
| R2 | 603.36 | 1.31% |
| R1 | 601.00 | 0.92% |
| Price | 595.55 | |
| S1 | 593.36 | -0.367% |
| S2 | 591.00 | -0.763% |
| S3 | 587.18 | -1.40% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 608.15 | 2.12% |
| R2 | 603.70 | 1.37% |
| R1 | 597.90 | 0.395% |
| Price | 595.55 | |
| S1 | 572.10 | -3.94% |
| S2 | 565.65 | -5.02% |
| S3 | 559.50 | -6.05% |
CCL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 15, 2024 | Feb 15, 2024 | Mar 06, 2024 | ₹2.50 | 0.410% |
| 2 | Aug 11, 2023 | Aug 11, 2023 | Sep 21, 2023 | ₹2.50 | 0.404% |
| 3 | Jan 31, 2023 | Jan 31, 2023 | Jan 31, 2023 | ₹3.00 | 0.553% |
| 4 | Aug 25, 2022 | Aug 25, 2022 | Aug 25, 2022 | ₹2.00 | 0.422% |
| 5 | Jan 31, 2022 | Jan 31, 2022 | Jan 31, 2022 | ₹3.00 | 0.639% |
FAQ
Click here for our free guide on how to buy CCL Products (India) Limited Stock.
