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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of DHABRIYA.BO
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Green day on Friday for Dhabriya Polywood Limited
(Updated on Jun 14, 2024)

Buy or Hold candidate since Jun 06, 2024 Gain 17.22% PDF

The Dhabriya Polywood Limited stock price gained 3.50% on the last trading day (Friday, 14th Jun 2024), rising from ₹331.45 to ₹343.05. During the last trading day the stock fluctuated 6.06% from a day low at ₹325.30 to a day high of ₹345.00. The price has risen in 7 of the last 10 days and is up by 20.64% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 50 thousand shares were bought and sold for approximately ₹17.28 million.

The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at ₹324.70, a level that may pose a second chance to hit a runner. According to fan-theory ₹376.23 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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DHABRIYA.BO Signals & Forecast

The Dhabriya Polywood 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 ₹318.51 and ₹285.91. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 10, 2024, and so far it has risen 31.61%. 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 is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Dhabriya Polywood Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at ₹286.35 and ₹282.45. 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, Dhabriya Polywood Limited finds support just below today's level at ₹286.35. If this is broken, then the next support from accumulated volume will be at ₹282.45 and ₹277.90.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹19.70 between high and low, or 6.06%. For the last week, the stock has had daily average volatility of 6.33%.

The Dhabriya Polywood Limited stock is extremely overbought on RSI14 (76). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: ₹331.11 (-3.48%) (This stock has high daily movements and this gives high risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 46 days ago.)

Trading Expectations (DHABRIYA.BO) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Dhabriya Polywood Limited to open at ₹337.78, and during the day (based on 14 day Average True Range), to move between ₹325.47 and ₹360.63, which gives a possible trading interval of +/-₹17.58 (+/-5.13%) up or down from last closing price. If Dhabriya Polywood Limited takes out the full calculated possible swing range there will be an estimated 10.25% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ ₹286.35, some ₹56.70 (16.53%) from the current price of ₹343.05, our system finds the risk reward attractive.

Is Dhabriya Polywood Limited stock A Buy?

Dhabriya Polywood 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: 0.000 Hold/Accumulate Unchanged

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 Dhabriya Polywood Limited of Tuesday, June 18, 2024

Fair opening price June 18, 2024 Current price
₹337.78 ( 1.54%) ₹343.05

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for DHABRIYA.BO

Fibonacci Support & Resistance Levels

Level Price
R3 357.48 4.21%
R2 349.96 2.01%
R1 345.31 0.658%
Price 343.05
S1 330.26 -3.73%
S2 325.61 -5.08%
S3 318.08 -7.28%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 0 -
R1 0 -
Price 343.05
S1 286.35 -16.53%
S2 282.45 -17.67%
S3 277.90 -18.99%

DHABRIYA Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Sep 22, 2023 Sep 22, 2023 Oct 30, 2023 ₹0.500 0.150%

FAQ

What is the symbol for Dhabriya Polywood Limited Stock and on which exchange is it traded?
The symbol for Dhabriya Polywood Limited is DHABRIYA.BO and it is traded on the XBOM (Bombay Stock Exchange).

Should I buy or sell Dhabriya Polywood Limited Stock?
Dhabriya Polywood 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.

How to buy Dhabriya Polywood Limited Stock?
Dhabriya Polywood Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Dhabriya Polywood Limited Stock.

What's the current price of Dhabriya Polywood Limited Stock?
As of the end of day on the Jun 14, 2024, the price of an Dhabriya Polywood Limited (DHABRIYA.BO) share was ₹343.05.

What is the 52-week high and low for Dhabriya Polywood Limited Stock?
The 52-week high for Dhabriya Polywood Limited Stock is ₹428.00 and the 52-week low is ₹168.00.

What is the market capitalization of Dhabriya Polywood Limited Stock?
As of the Jun 14, 2024, the market capitalization of Dhabriya Polywood Limited is 3.713B.
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