Gulshan Polyols Limited Stock Forecast
Red day on Friday for Gulshan Polyols Limited stock after losing 0.742%
(Updated on Jun 14, 2024)
The Gulshan Polyols Limited stock price fell by -0.742% on the last day (Friday, 14th Jun 2024) from ₹208.95 to ₹207.40. During the last trading day the stock fluctuated 6.26% from a day low at ₹201.35 to a day high of ₹213.95. The price has risen in 7 of the last 10 days and is up by 16.09% 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 -29 thousand shares and in total, 23 thousand shares were bought and sold for approximately ₹4.72 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 6.17% during the next 3 months and, with a 90% probability hold a price between ₹180.36 and ₹241.16 at the end of this 3-month period.
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GULPOLY.BO Signals & Forecast
The Gulshan Polyols 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 ₹195.08 and ₹195.39. 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 13, 2024, and so far it has fallen -0.742%. 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 Gulshan Polyols Limited stock
Gulshan Polyols Limited finds support from accumulated volume at ₹206.15 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 ₹12.60 between high and low, or 6.26%. For the last week, the stock has had daily average volatility of 6.27%.
Our recommended stop-loss: ₹199.40 (-3.86%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (GULPOLY.BO) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Gulshan Polyols Limited to open at ₹207.57, and during the day (based on 14 day Average True Range), to move between ₹197.00 and ₹217.80, which gives a possible trading interval of +/-₹10.40 (+/-5.01%) up or down from last closing price. If Gulshan Polyols Limited takes out the full calculated possible swing range there will be an estimated 10.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹206.15 (0.60%) than the resistance at ₹208.95 (0.75%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Gulshan Polyols 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 Gulshan Polyols Limited stock to perform well in the short-term.
Current score: 1.265 Buy Candidate Unchanged
Predicted Opening Price for Gulshan Polyols Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ₹207.57 ( 0.0804%) | ₹207.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GULPOLY.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 220.17 | 6.16% |
| R2 | 215.35 | 3.83% |
| R1 | 212.38 | 2.40% |
| Price | 207.40 | |
| S1 | 202.75 | -2.24% |
| S2 | 199.78 | -3.67% |
| S3 | 194.97 | -5.99% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 213.00 | 2.70% |
| R2 | 212.15 | 2.29% |
| R1 | 208.95 | 0.747% |
| Price | 207.40 | |
| S1 | 206.15 | -0.603% |
| S2 | 185.90 | -10.37% |
| S3 | 168.05 | -18.97% |
GULPOLY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 22, 2023 | Sep 22, 2023 | Oct 29, 2023 | ₹0.500 | 0.241% |
| 2 | Sep 19, 2022 | Sep 19, 2022 | Oct 28, 2022 | ₹0.83 | 0.406% |
| 3 | Nov 23, 2017 | Nov 23, 2017 | Dec 13, 2017 | ₹0.400 | 0.599% |
| 4 | Jun 29, 2017 | Jun 29, 2017 | Oct 09, 2017 | ₹0.250 | 0.332% |
| 5 | Nov 10, 2016 | Nov 10, 2016 | Nov 10, 2016 | ₹2.00 | 2.92% |
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