ESAB India Limited Stock Forecast
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:
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
ESAB India Limited stock price ended at ₹6,047.30 on Tuesday, after losing 0.81%.
(Updated on Jun 25, 2024)
The ESAB India Limited stock price fell by -0.81% on the last day (Tuesday, 25th Jun 2024) from ₹6,096.40 to ₹6,047.30. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.19% from a day low at ₹6,035.00 to a day high of ₹6,167.00. The price has fallen in 6 of the last 10 days but is still up by 4.39% over the past 2 weeks. Volume has increased on the last day by 905 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 thousand shares were bought and sold for approximately ₹21.09 million.
The stock lies in the middle of a wide and strong 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 17.22% during the next 3 months and, with a 90% probability hold a price between ₹6,461.06 and ₹7,408.51 at the end of this 3-month period.
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ESABINDIA.NS Signals & Forecast
The ESAB 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 ₹6,097.23. On a fall, the stock will find some support from the long-term average at approximately ₹5,706.49. 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). 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 -3.17%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for ESAB India Limited stock
ESAB India Limited finds support from accumulated volume at ₹5,965.20 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 ₹132.00 between high and low, or 2.19%. For the last week, the stock has had daily average volatility of 3.36%.
Our recommended stop-loss: ₹5,862.64 (-3.05%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (ESABINDIA.NS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect ESAB India Limited to open at ₹6,083.10, and during the day (based on 14 day Average True Range), to move between ₹5,820.15 and ₹6,274.45, which gives a possible trading interval of +/-₹227.15 (+/-3.76%) up or down from last closing price. If ESAB India Limited takes out the full calculated possible swing range there will be an estimated 7.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹6,094.55 (0.78%) than the support at ₹5,965.20 (1.36%), 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 ESAB India 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 ESAB India Limited stock to perform well in the short-term.
Current score: 3.612 Buy Candidate Unchanged
Predicted Opening Price for ESAB India Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₹6,083.10 ( 0.592%) | ₹6,047.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ESABINDIA.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6,215.10 | 2.77% |
| R2 | 6,164.68 | 1.94% |
| R1 | 6,133.52 | 1.43% |
| Price | 6,047.30 | |
| S1 | 6,032.68 | -0.242% |
| S2 | 6,001.52 | -0.757% |
| S3 | 5,951.10 | -1.59% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6,245.30 | 3.27% |
| R2 | 6,166.70 | 1.97% |
| R1 | 6,094.55 | 0.781% |
| Price | 6,047.30 | |
| S1 | 5,965.20 | -1.36% |
| S2 | 5,738.35 | -5.11% |
| S3 | 5,628.45 | -6.93% |
ESABINDIA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 01, 2024 | Aug 01, 2024 | Sep 07, 2024 | ₹30.00 | 0.496% |
| 2 | Apr 05, 2024 | Apr 05, 2024 | Apr 24, 2024 | ₹24.00 | 0.466% |
| 3 | Nov 24, 2023 | Nov 24, 2023 | Dec 08, 2023 | ₹32.00 | 0.552% |
| 4 | Aug 03, 2023 | Aug 03, 2023 | Aug 03, 2023 | ₹20.00 | 0.426% |
| 5 | Feb 20, 2023 | Feb 20, 2023 | Feb 20, 2023 | ₹28.00 | 0.684% |
FAQ
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