Insecticides (India) Limited Stock Forecast
Green day on Friday for Insecticides (India) Limited stock after gaining 0.0346%
(Updated on Apr 26, 2024)
The Insecticides (India) Limited stock price gained 0.0346% on the last trading day (Friday, 26th Apr 2024), rising from ₹577.70 to ₹577.90. During the last trading day the stock fluctuated 1.67% from a day low at ₹573.70 to a day high of ₹583.30. The price has been going up and down for this period, and there has been a 10.47% gain for the last 2 weeks. Volume fell on the last day by -14 thousand shares and in total, 16 thousand shares were bought and sold for approximately ₹9.22 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 ₹576.23, a level that may pose a second chance to hit a runner. According to fan-theory ₹710.04 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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INSECTICID.NS Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -0.0864%. 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). 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 ₹561.75 and ₹525.26. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Insecticides (India) Limited stock
Insecticides (India) Limited finds support from accumulated volume at ₹576.65 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₹9.60 between high and low, or 1.67%. For the last week, the stock has had daily average volatility of 3.58%.
Our recommended stop-loss: ₹558.42 (-3.37%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (INSECTICID.NS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Insecticides (India) Limited to open at ₹578.30, and during the day (based on 14 day Average True Range), to move between ₹551.34 and ₹604.46, which gives a possible trading interval of +/-₹26.56 (+/-4.60%) up or down from last closing price. If Insecticides (India) Limited takes out the full calculated possible swing range there will be an estimated 9.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹578.40 (0.09%) than the support at ₹576.65 (0.22%), 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?
Insecticides (India) 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: -0.607 Hold/Accumulate Unchanged
Predicted Opening Price for Insecticides (India) Limited of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| ₹578.30 ( 0.0692%) | ₹577.90 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 587.90 | 1.73 % | |
| R2 | 584.23 | 1.10 % | ||
| R1 | 581.97 | 0.704 % | ||
| Current price: | 577.90 | |||
| Support | S1 | 574.63 | -0.565 % | |
| S2 | 572.37 | -0.96 % | ||
| S3 | 568.70 | -1.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 593.55 | 2.71 % | |
| R2 | 579.55 | 0.286 % | ||
| R1 | 578.40 | 0.0865 % | ||
| Current price | 577.90 | |||
| Support | S1 | 576.65 | -0.216% | |
| S2 | 558.10 | -3.43% | ||
| S3 | 552.35 | -4.42% |
INSECTICID Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 10, 2023 | Nov 10, 2023 | Nov 10, 2023 | ₹0 | 0% |
| 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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