INLAND PRINTERS LTD. Stock Forecast
INLAND PRINTERS LTD. stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Jun 28, 2024)
The INLAND PRINTERS LTD. stock price gained 1.94% on the last trading day (Friday, 28th Jun 2024), rising from ₹128.60 to ₹131.10. During the last trading day the stock fluctuated 4.01% from a day low at ₹126.05 to a day high of ₹131.10. The price has risen in 6 of the last 10 days and is up by 5.85% 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, 2 thousand more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately ₹263.64 thousand.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₹130.32 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 135.52% during the next 3 months and, with a 90% probability hold a price between ₹306.94 and ₹331.48 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 ₹130.86 and ₹107.84. A breakdown below any of these levels will issue sell signals. INLAND PRINTERS LTD. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 -2.05%. 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).
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 a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹5.05 between high and low, or 4.01%. For the last week, the stock has had daily average volatility of 1.60%.
Our recommended stop-loss: ₹125.78 (-4.06%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (INLANPR.BO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect INLAND PRINTERS LTD. to open at ₹129.42, and during the day (based on 14 day Average True Range), to move between ₹128.43 and ₹133.77, which gives a possible trading interval of +/-₹2.67 (+/-2.04%) 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 ₹131.20 (0.08%) than the support at ₹128.80 (1.75%), 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: 4.713 Buy Candidate Upgraded
Predicted Opening Price for INLAND PRINTERS LTD. of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
₹129.42 ( 1.28%) | ₹131.10 |
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 | 134.47 | 2.57% |
R2 | 132.54 | 1.10% |
R1 | 131.35 | 0.187% |
Price | 131.10 | |
S1 | 127.49 | -2.76% |
S2 | 126.30 | -3.66% |
S3 | 124.37 | -5.14% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 133.85 | 2.10% |
R2 | 131.30 | 0.153% |
R1 | 131.20 | 0.0763% |
Price | 131.10 | |
S1 | 128.80 | -1.75% |
S2 | 101.83 | -22.33% |
S3 | 99.84 | -23.84% |
FAQ
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