IFB Industries 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
IFB Industries Limited stock upgraded to Strong Buy Candidate.
(Updated on Jun 25, 2024)
The IFB Industries Limited stock price gained 2.23% on the last trading day (Tuesday, 25th Jun 2024), rising from ₹1,641.00 to ₹1,677.65. During the last trading day the stock fluctuated 5.14% from a day low at ₹1,641.20 to a day high of ₹1,725.50. The price has been going up and down for this period, and there has been a 13.58% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 18 thousand more shares were traded than the day before. In total, 147 thousand shares were bought and sold for approximately ₹247.00 million.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is ₹1,641.04, a level that may pose a second chance to hit a runner. According to fan-theory ₹2,225.91 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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IFBIND.NS Signals & Forecast
Mostly positive signals in the chart today. The IFB Industries Limited 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 ₹1,616.89 and ₹1,428.42. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 57.45%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Monday, July 03, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Monday, July 03, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for IFB Industries Limited stock
IFB Industries Limited finds support from accumulated volume at ₹1,669.70 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ₹84.30 between high and low, or 5.14%. For the last week, the stock has had daily average volatility of 5.45%.
The IFB Industries Limited stock is extremely overbought on RSI14 (94). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: ₹1,625.31 (-3.12%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 94 and this increases the risk substantially. There is a buy signal from a pivot bottom found 43 days ago.)
Trading Expectations (IFBIND.NS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect IFB Industries Limited to open at ₹1,681.45, and during the day (based on 14 day Average True Range), to move between ₹1,585.27 and ₹1,770.03, which gives a possible trading interval of +/-₹92.38 (+/-5.51%) up or down from last closing price. If IFB Industries Limited takes out the full calculated possible swing range there will be an estimated 11.01% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₹1,669.70, some ₹7.95 (0.47%) from the current price of ₹1,677.65, our system finds the risk reward attractive.
Is IFB Industries Limited stock A Buy?
IFB Industries Limited holds several positive signals and the break up from the falling trend indicates a possible shift of trend as well. The trend doesn't have to go from falling to rising, it may as well go horizontal or even just decrease the earlier fall rate, but we find the risk-reward to be attractive and expect the stock to perform very well in the short term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.142 Strong Buy Candidate Upgraded
Predicted Opening Price for IFB Industries Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₹1,681.45 ( 0.227%) | ₹1,677.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IFBIND.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,765.75 | 5.25% |
| R2 | 1,733.55 | 3.33% |
| R1 | 1,713.65 | 2.15% |
| Price | 1,677.65 | |
| S1 | 1,649.25 | -1.69% |
| S2 | 1,629.35 | -2.88% |
| S3 | 1,597.15 | -4.80% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 1,677.65 | |
| S1 | 1,669.70 | -0.474% |
| S2 | 1,456.25 | -13.20% |
| S3 | 1,336.60 | -20.33% |
IFBIND Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 04, 1996 | Oct 22, 1996 | Dec 01, 1996 | ₹3.00 | 0% |
| 2 | Sep 27, 1995 | Dec 04, 1995 | Dec 01, 1995 | ₹3.00 | 0% |
| 3 | Nov 03, 1994 | Nov 21, 1994 | Dec 01, 1994 | ₹2.75 | 0% |
FAQ
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