Insecticides (India) Limited Stock Forecast
Insecticides (India) Limited stock upgraded to Buy Candidate.
(Updated on Jul 03, 2024)
The Insecticides (India) Limited stock price gained 2.13% on the last trading day (Wednesday, 3rd Jul 2024), rising from ₹684.15 to ₹698.70. During the last trading day the stock fluctuated 5.98% from a day low at ₹683.15 to a day high of ₹724.00. The price has fallen in 6 of the last 10 days and is down by -1.17% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 28 thousand more shares were traded than the day before. In total, 74 thousand shares were bought and sold for approximately ₹51.85 million.
The stock lies in the middle of a very wide and strong 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 23.65% during the next 3 months and, with a 90% probability hold a price between ₹682.52 and ₹913.47 at the end of this 3-month period.
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INSECTICID.NS Signals & Forecast
The Insecticides (India) 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 ₹695.26 and ₹612.60. 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). 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 Monday, June 24, 2024, and so far it has fallen -3.33%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Insecticides (India) Limited stock
Insecticides (India) Limited finds support from accumulated volume at ₹671.60 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 ₹40.85 between high and low, or 5.98%. For the last week, the stock has had daily average volatility of 4.63%.
Our recommended stop-loss: ₹674.11 (-3.52%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (INSECTICID.NS) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Insecticides (India) Limited to open at ₹701.95, and during the day (based on 14 day Average True Range), to move between ₹669.68 and ₹727.72, which gives a possible trading interval of +/-₹29.02 (+/-4.15%) up or down from last closing price. If Insecticides (India) Limited takes out the full calculated possible swing range there will be an estimated 8.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹707.00 (1.19%) than the support at ₹671.60 (3.88%), 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 Insecticides (India) 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 Insecticides (India) Limited 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: 2.393 Buy Candidate Upgraded
Predicted Opening Price for Insecticides (India) Limited of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| ₹701.95 ( 0.465%) | ₹698.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INSECTICID.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 742.80 | 6.31% |
| R2 | 727.20 | 4.08% |
| R1 | 717.55 | 2.70% |
| Price | 698.70 | |
| S1 | 686.35 | -1.77% |
| S2 | 676.70 | -3.15% |
| S3 | 661.10 | -5.38% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 718.60 | 2.85% |
| R2 | 716.60 | 2.56% |
| R1 | 707.00 | 1.19% |
| Price | 698.70 | |
| S1 | 671.60 | -3.88% |
| S2 | 576.65 | -17.47% |
| S3 | 552.35 | -20.95% |
INSECTICID Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 10, 2023 | Nov 10, 2023 | Dec 02, 2023 | ₹3.00 | 0.458% |
| 2 | Feb 24, 2023 | Feb 24, 2023 | Feb 24, 2023 | ₹3.00 | 0.639% |
| 3 | Sep 15, 2022 | Sep 15, 2022 | Sep 15, 2022 | ₹2.00 | 0.302% |
| 4 | Nov 19, 2020 | Nov 19, 2020 | Nov 19, 2020 | ₹1.33 | 0.458% |
| 5 | Mar 05, 2020 | Mar 19, 2020 | Mar 31, 2020 | ₹2.67 | 1.28% |
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