INLAND PRINTERS LTD. Stock Forecast
INLAND PRINTERS LTD. stock upgraded from Hold/Accumulate to Buy Candidate after Tuesday trading session.
(Updated on Jun 25, 2024)
The INLAND PRINTERS LTD. stock price fell by -1.98% on the last day (Tuesday, 25th Jun 2024) from ₹133.85 to ₹131.20. During the last trading day the stock fluctuated 0% from a day low at ₹131.20 to a day high of ₹131.20. The price has risen in 8 of the last 10 days and is up by 12.33% 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 -1 thousand shares and in total, 2 thousand shares were bought and sold for approximately ₹242.72 thousand.
Given the current short-term trend, the stock is expected to rise 135.71% during the next 3 months and, with a 90% probability hold a price between ₹309.26 and ₹319.69 at the end of this 3-month period.
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INLANPR.BO Signals & Forecast
The INLAND PRINTERS LTD. 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 ₹130.23 and ₹103.04. 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 Monday, June 24, 2024, and so far it has fallen -1.98%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for INLAND PRINTERS LTD. stock
INLAND PRINTERS LTD. finds support from accumulated volume at ₹128.80 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved ₹0 between high and low, or 0%. For the last week the stock has had daily average volatility of 2.41%.
The INLAND PRINTERS LTD. stock is extremely overbought on RSI14 (85). This increases the short-term risk substantially.
Our recommended stop-loss: ₹125.99 (-3.97%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (INLANPR.BO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect INLAND PRINTERS LTD. to open at ₹131.20, and during the day (based on 14 day Average True Range), to move between ₹128.53 and ₹133.87, which gives a possible trading interval of +/-₹2.67 (+/-2.03%) up or down from last closing price. If INLAND PRINTERS LTD. takes out the full calculated possible swing range there will be an estimated 4.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹131.30 (0.08%) than the support at ₹128.80 (1.83%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is INLAND PRINTERS LTD. 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 INLAND PRINTERS LTD. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.500 Buy Candidate Upgraded
Predicted Opening Price for INLAND PRINTERS LTD. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₹131.20 ( 0%) | ₹131.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INLANPR.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 131.20 | - |
| R2 | 131.20 | - |
| R1 | 131.20 | - |
| Price | 131.20 | |
| S1 | 131.20 | - |
| S2 | 131.20 | - |
| S3 | 131.20 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 133.85 | 2.02% |
| R2 | 131.35 | 0.114% |
| R1 | 131.30 | 0.0762% |
| Price | 131.20 | |
| S1 | 128.80 | -1.83% |
| S2 | 101.83 | -22.39% |
| S3 | 99.84 | -23.90% |
FAQ
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