Gujarat Narmada Valley Fertilizers & 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
Gujarat Narmada Valley Fertilizers & stock downgraded from Buy Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Apr 30, 2024)
The Gujarat Narmada Valley Fertilizers & stock price fell by -1.25% on the last day (Tuesday, 30th Apr 2024) from ₹721.10 to ₹712.10. During the last trading day the stock fluctuated 2.60% from a day low at ₹709.20 to a day high of ₹727.65. The price has risen in 6 of the last 10 days and is up by 4.13% over the past 2 weeks. Volume has increased on the last day by 38 thousand 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, 63 thousand shares were bought and sold for approximately ₹44.76 million.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at ₹721.20 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Gujarat Narmada Valley Fertilizers & stock with a 90% probability to be traded between ₹605.19 and ₹726.76 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
GNFC.BO Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -1.25%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The Gujarat Narmada Valley Fertilizers & 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 ₹707.08 and ₹659.80. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Gujarat Narmada Valley Fertilizers & stock
Gujarat Narmada Valley Fertilizers & finds support from accumulated volume at ₹692.80 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 ₹18.45 between high and low, or 2.60%. For the last week, the stock has had daily average volatility of 2.26%.
Our recommended stop-loss: ₹687.64 (-3.43%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (GNFC.BO) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Gujarat Narmada Valley Fertilizers & Chemicals Limited to open at ₹716.32, and during the day (based on 14 day Average True Range), to move between ₹692.82 and ₹731.38, which gives a possible trading interval of +/-₹19.28 (+/-2.71%) up or down from last closing price. If Gujarat Narmada Valley Fertilizers & Chemicals Limited takes out the full calculated possible swing range there will be an estimated 5.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹719.35 (1.02%) than the support at ₹692.80 (2.71%), 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 Gujarat Narmada Valley Fertilizers & Chemicals Limited stock A Buy?
Gujarat Narmada Valley Fertilizers & 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.170 Hold/Accumulate Downgraded
Predicted Opening Price for Gujarat Narmada Valley Fertilizers & Chemicals Limited of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| ₹716.32 ( 0.592%) | ₹712.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GNFC.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 734.77 | 3.18 % | |
| R2 | 727.72 | 2.19 % | ||
| R1 | 723.36 | 1.58 % | ||
| Current price: | 712.10 | |||
| Support | S1 | 709.27 | -0.398 % | |
| S2 | 704.91 | -1.01 % | ||
| S3 | 697.87 | -2.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 750.85 | 5.44 % | |
| R2 | 721.10 | 1.26 % | ||
| R1 | 719.35 | 1.02 % | ||
| Current price | 712.10 | |||
| Support | S1 | 692.80 | -2.71% | |
| S2 | 684.95 | -3.81% | ||
| S3 | 640.25 | -10.09% |
GNFC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 18, 2023 | Sep 18, 2023 | Oct 26, 2023 | ₹30.00 | 4.65% |
| 2 | Sep 19, 2022 | Sep 19, 2022 | Oct 27, 2022 | ₹10.00 | 1.39% |
| 3 | Aug 16, 2017 | Aug 16, 2017 | Oct 29, 2017 | ₹5.00 | 1.01% |
| 4 | Aug 25, 2016 | Aug 25, 2016 | Aug 25, 2016 | ₹2.00 | 1.26% |
| 5 | Aug 21, 2014 | Aug 21, 2014 | Aug 21, 2014 | ₹3.50 | 3.86% |
FAQ
Click here for our free guide on how to buy Gujarat Narmada Valley Fertilizers & Chemicals Limited Stock.
