India Glycols Limited Stock Forecast
Green day on Wednesday for India Glycols Limited stock after gaining 0.333%
(Updated on Jun 26, 2024)
The India Glycols Limited stock price gained 0.333% on the last trading day (Wednesday, 26th Jun 2024), rising from ₹886.90 to ₹889.85. During the last trading day the stock fluctuated 3.00% from a day low at ₹882.00 to a day high of ₹908.45. The price has risen in 6 of the last 10 days and is up by 0.78% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 761 more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately ₹2.87 million.
The stock lies in the upper part of a very wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ₹919.86 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 5.41% during the next 3 months and, with a 90% probability hold a price between ₹761.07 and ₹969.62 at the end of this 3-month period.
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INDIAGLYCO.BO Signals & Forecast
The India Glycols Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₹900.44. On a fall, the stock will find some support from the long-term average at approximately ₹821.97. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. 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 -2.92%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for India Glycols Limited stock
India Glycols Limited finds support from accumulated volume at ₹883.00 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 ₹26.45 between high and low, or 3.00%. For the last week, the stock has had daily average volatility of 3.29%.
Our recommended stop-loss: ₹856.82 (-3.71%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (INDIAGLYCO.BO) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect India Glycols Limited to open at ₹893.43, and during the day (based on 14 day Average True Range), to move between ₹856.69 and ₹923.01, which gives a possible trading interval of +/-₹33.16 (+/-3.73%) up or down from last closing price. If India Glycols Limited takes out the full calculated possible swing range there will be an estimated 7.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹883.00 (0.77%) than the resistance at ₹898.05 (0.92%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is India Glycols Limited stock A Buy?
India Glycols Limited 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.
Current score: 0.931 Hold/Accumulate Unchanged
Predicted Opening Price for India Glycols Limited of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| ₹893.43 ( 0.403%) | ₹889.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INDIAGLYCO.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 919.88 | 3.38% |
| R2 | 909.78 | 2.24% |
| R1 | 903.54 | 1.54% |
| Price | 889.85 | |
| S1 | 883.33 | -0.733% |
| S2 | 877.09 | -1.43% |
| S3 | 866.98 | -2.57% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 907.15 | 1.94% |
| R2 | 904.25 | 1.62% |
| R1 | 898.05 | 0.92% |
| Price | 889.85 | |
| S1 | 883.00 | -0.770% |
| S2 | 870.30 | -2.20% |
| S3 | 869.70 | -2.26% |
INDIAGLYCO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 05, 2023 | Sep 05, 2023 | Oct 12, 2023 | ₹7.50 | 1.06% |
| 2 | Aug 29, 2022 | Aug 29, 2022 | Oct 24, 2021 | ₹7.50 | 0.88% |
| 3 | Aug 23, 2017 | Aug 23, 2017 | Oct 01, 2017 | ₹1.00 | 0.410% |
| 4 | Sep 08, 2014 | Sep 08, 2014 | Sep 08, 2014 | ₹1.00 | 0.750% |
| 5 | Sep 05, 2013 | Sep 05, 2013 | Sep 05, 2013 | ₹2.00 | 2.03% |
FAQ
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