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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:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

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

RSI low/high Values: [ 20 - 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 DOLLAR.NS
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Dollar Industries Limited stock upgraded to Buy Candidate.
(Updated on Jun 14, 2024)

Buy candidate since Jun 14, 2024 PDF

The Dollar Industries Limited stock price gained 1.70% on the last trading day (Friday, 14th Jun 2024), rising from ₹568.30 to ₹577.95. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.90% from a day low at ₹573.50 to a day high of ₹584.40. The price has risen in 7 of the last 10 days and is up by 1.74% 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, 65 thousand more shares were traded than the day before. In total, 210 thousand shares were bought and sold for approximately ₹121.13 million.

The stock lies in the middle of a very 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 8.89% during the next 3 months and, with a 90% probability hold a price between ₹569.21 and ₹713.62 at the end of this 3-month period.

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DOLLAR.NS Signals & Forecast

Mostly positive signals in the chart today. The Dollar Industries Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₹561.30 and ₹574.65. 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 12.04%. 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 Dollar Industries Limited stock

Dollar Industries Limited finds support from accumulated volume at ₹563.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 ₹10.90 between high and low, or 1.90%. For the last week, the stock has had daily average volatility of 3.13%.

Our recommended stop-loss: ₹546.52 (-5.44%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 18 days ago.)

Trading Expectations (DOLLAR.NS) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Dollar Industries Limited to open at ₹578.62, and during the day (based on 14 day Average True Range), to move between ₹555.09 and ₹600.81, which gives a possible trading interval of +/-₹22.86 (+/-3.95%) up or down from last closing price. If Dollar Industries Limited takes out the full calculated possible swing range there will be an estimated 7.91% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹583.25 (0.92%) than the support at ₹563.20 (2.55%), 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 Dollar Industries Limited stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Dollar Industries Limited stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 4.667 Buy Candidate Upgraded

Predicted Opening Price for Dollar Industries Limited of Tuesday, June 18, 2024

Fair opening price June 18, 2024 Current price
₹578.62 ( 0.115%) ₹577.95

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

Trading levels for DOLLAR.NS

Fibonacci Support & Resistance Levels

Level Price
R3 589.52 2.00%
R2 585.35 1.28%
R1 582.78 0.84%
Price 577.95
S1 574.45 -0.605%
S2 571.88 -1.05%
S3 567.72 -1.77%

Accumulated Volume Support & Resistance Levels

Level Price
R3 618.65 7.04%
R2 587.15 1.59%
R1 583.25 0.92%
Price 577.95
S1 563.20 -2.55%
S2 559.50 -3.19%
S3 545.65 -5.59%

DOLLAR Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jul 27, 2023 Jul 27, 2023 Jul 27, 2023 ₹3.00 0.728%
2 Jul 20, 2022 Jul 20, 2022 Jul 20, 2022 ₹3.00 0.708%
3 Jul 19, 2021 Jul 19, 2021 Jul 19, 2021 ₹2.40 0.766%
4 Aug 24, 2020 Aug 24, 2020 Aug 24, 2020 ₹1.70 1.09%
5 May 27, 2019 Aug 22, 2019 Sep 29, 2019 ₹1.70 0.83%

FAQ

What is the symbol for Dollar Industries Limited Stock and on which exchange is it traded?
The symbol for Dollar Industries Limited is DOLLAR.NS and it is traded on the NSE (National Stock Exchange of India).

Should I buy or sell Dollar Industries Limited Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Dollar Industries Limited stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Dollar Industries Limited Stock?
Dollar Industries 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 Dollar Industries Limited Stock.

What's the current price of Dollar Industries Limited Stock?
As of the end of day on the Jun 14, 2024, the price of an Dollar Industries Limited (DOLLAR.NS) share was ₹577.95.

What is the 52-week high and low for Dollar Industries Limited Stock?
The 52-week high for Dollar Industries Limited Stock is ₹659.95 and the 52-week low is ₹358.00.

What is the market capitalization of Dollar Industries Limited Stock?
As of the Jun 14, 2024, the market capitalization of Dollar Industries Limited is 32.779B.

When is the next earnings date for Dollar Industries Limited?
The upcoming earnings date for Dollar Industries Limited is Aug 08, 2024.
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About Dollar Industries Limited

Dollar Industries Limited Dollar Industries Limited manufactures and sells hosiery products in knitted inner wears, casual wears, and thermal wears primarily in India. It offers vests, briefs, trunks, gym wears, socks, tank tops, crew necks, polos, henley, bermudas, capri, track pants, and joggers for men; camisoles, panties, leggings, socks, and casual wears for women; and T-shirts, shorts, track pants, bermudas, capri, socks, and trousers for children, as well as safety... DOLLAR.NS Profile

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