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 GUJALKALI.BO
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Evaluation of Gujarat Alkalies and Chemicals Limited stock downgraded after the last trading session.
(Updated on Mar 28, 2024)

Sell candidate since Mar 04, 2024 Loss -14.69% PDF

The Gujarat Alkalies and Chemicals Limited stock price fell by -0.576% on the last day (Thursday, 28th Mar 2024) from ₹676.95 to ₹673.05. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 3.94% from a day low at ₹666.00 to a day high of ₹692.25. The price has fallen in 8 of the last 10 days and is down by -4.67% for this period. 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 -10 thousand shares and in total, 14 thousand shares were bought and sold for approximately ₹9.27 million.

The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₹669.80 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -8.96% during the next 3 months and, with a 90% probability hold a price between ₹609.77 and ₹721.73 at the end of this 3-month period.

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GUJALKALI.BO Signals & Forecast

There are few to no technical positive signals at the moment. The Gujarat Alkalies and Chemicals Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₹684.12 and ₹765.65. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, February 22, 2024, and so far it has fallen -18.10%. 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 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 Alkalies and Chemicals Limited stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 ₹26.25 between high and low, or 3.94%. For the last week, the stock has had daily average volatility of 3.70%.

Gujarat Alkalies and Chemicals Limited is oversold on RSI14 (13). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (GUJALKALI.BO) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Gujarat Alkalies and Chemicals Limited to open at ₹677.10, and during the day (based on 14 day Average True Range), to move between ₹647.80 and ₹698.30, which gives a possible trading interval of +/-₹25.25 (+/-3.75%) up or down from last closing price. If Gujarat Alkalies and Chemicals Limited takes out the full calculated possible swing range there will be an estimated 7.50% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ ₹811.55, some ₹138.50 (20.58%) from the current price of ₹673.05, our system finds the risk reward not very attractive.

Is Gujarat Alkalies and Chemicals Limited stock A Buy?

Gujarat Alkalies and Chemicals Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -5.870 Strong Sell Candidate Downgraded

Predicted Opening Price for Gujarat Alkalies and Chemicals Limited of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
₹677.10 ( 0.602%) ₹673.05

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

Trading levels for GUJALKALI.BO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 703.35 4.50 %
R2 693.32 3.01 %
R1 687.13 2.09 %
Current price: 673.05
Support S1 667.07 -0.89 %
S2 660.88 -1.81 %
S3 650.85 -3.30 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 820.25 21.87 %
R2 814.80 21.06 %
R1 811.55 20.58 %
Current price 673.05
Support S1 0 .
S2 0 .
S3 0 .

FAQ

What is the symbol for Gujarat Alkalies and Chemicals Limited Stock and on which exchange is it traded?
The symbol for Gujarat Alkalies and Chemicals Limited is GUJALKALI.BO and it is traded on the XBOM (Bombay Stock Exchange).

Should I buy or sell Gujarat Alkalies and Chemicals Limited Stock?
Gujarat Alkalies and Chemicals Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

How to buy Gujarat Alkalies and Chemicals Limited Stock?
Gujarat Alkalies and Chemicals 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 Gujarat Alkalies and Chemicals Limited Stock.

What's the current price of Gujarat Alkalies and Chemicals Limited Stock?
As of the end of day on the 2024-03-28, the price of an Gujarat Alkalies and Chemicals Limited (GUJALKALI.BO) share was ₹673.05.

What is the 52-week high and low for Gujarat Alkalies and Chemicals Limited Stock?
The 52-week high for Gujarat Alkalies and Chemicals Limited Stock is ₹869.60 and the 52-week low is ₹559.60.

When is the next earnings date for Gujarat Alkalies and Chemicals Limited?
The upcoming earnings date for Gujarat Alkalies and Chemicals Limited is May 20, 2024.
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