Gujarat State Fertilizers & Chemicals 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 State Fertilizers & Chemicals stock upgraded to Buy Candidate.
(Updated on Jun 21, 2024)
The Gujarat State Fertilizers & Chemicals stock price fell by -4.11% on the last day (Friday, 21st Jun 2024) from ₹262.55 to ₹251.75. During the last trading day the stock fluctuated 6.31% from a day low at ₹250.25 to a day high of ₹266.05. The price has risen in 8 of the last 10 days and is up by 21.15% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 million shares and in total, 895 thousand shares were bought and sold for approximately ₹225.38 million.
The stockis at the upper part of a very wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at ₹262.57 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Gujarat State Fertilizers & Chemicals stock with a 90% probability to be traded between ₹196.28 and ₹264.00 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.
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GSFC.BO Signals & Forecast
The Gujarat State Fertilizers & Chemicals 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 ₹236.96 and ₹225.71. A breakdown below any of these levels will issue sell signals. 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 Thursday, June 20, 2024, and so far it has fallen -4.11%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Gujarat State Fertilizers & Chemicals stock
Gujarat State Fertilizers & Chemicals finds support from accumulated volume at ₹249.45 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 ₹15.80 between high and low, or 6.31%. For the last week, the stock has had daily average volatility of 6.81%.
Our recommended stop-loss: ₹240.72 (-4.38%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (GSFC.BO) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Gujarat State Fertilizers & Chemicals Limited to open at ₹256.02, and during the day (based on 14 day Average True Range), to move between ₹239.48 and ₹264.02, which gives a possible trading interval of +/-₹12.27 (+/-4.88%) up or down from last closing price. If Gujarat State Fertilizers & Chemicals Limited takes out the full calculated possible swing range there will be an estimated 9.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹249.45 (0.91%) than the resistance at ₹262.55 (4.29%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Gujarat State Fertilizers & Chemicals Limited stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Gujarat State Fertilizers & Chemicals stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.437 Buy Candidate Upgraded
Predicted Opening Price for Gujarat State Fertilizers & Chemicals Limited of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| ₹256.02 ( 1.69%) | ₹251.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GSFC.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 271.82 | 7.97% |
| R2 | 265.78 | 5.57% |
| R1 | 262.05 | 4.09% |
| Price | 251.75 | |
| S1 | 249.98 | -0.703% |
| S2 | 246.25 | -2.18% |
| S3 | 240.22 | -4.58% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 262.55 | 4.29% |
| Price | 251.75 | |
| S1 | 249.45 | -0.91% |
| S2 | 238.50 | -5.26% |
| S3 | 221.60 | -11.98% |
GSFC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 07, 2023 | Sep 07, 2023 | Sep 28, 2023 | ₹10.00 | 5.78% |
| 2 | Sep 09, 2022 | Sep 09, 2022 | Oct 27, 2022 | ₹2.50 | 2.00% |
| 3 | Aug 31, 2017 | Aug 31, 2017 | Oct 16, 2017 | ₹2.20 | 1.63% |
| 4 | Sep 01, 2016 | Sep 01, 2016 | Sep 01, 2016 | ₹2.20 | 3.01% |
| 5 | Aug 31, 2015 | Aug 31, 2015 | Aug 31, 2015 | ₹2.20 | 3.29% |
FAQ
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