Kansai Nerolac Paints Limited Stock Forecast
Red day on Wednesday for Kansai Nerolac Paints Limited
(Updated on Mar 27, 2024)
The Kansai Nerolac Paints Limited stock price fell by -1.73% on the last day (Wednesday, 27th Mar 2024) from ₹268.95 to ₹264.30. During the last trading day the stock fluctuated 3.20% from a day low at ₹264.00 to a day high of ₹272.45. The price has risen in 6 of the last 10 days but is still down by -2.51% for this period. Volume has increased on the last day by 250 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 555 thousand shares were bought and sold for approximately ₹146.77 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -22.68% during the next 3 months and, with a 90% probability hold a price between ₹190.28 and ₹228.35 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
KANSAINER.NS Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, March 13, 2024, and so far it has risen 2.18%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Kansai Nerolac Paints Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₹268.67 and ₹291.39. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Kansai Nerolac Paints Limited stock
Kansai Nerolac Paints Limited finds support from accumulated volume at ₹258.65 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 ₹8.45 between high and low, or 3.20%. For the last week, the stock has had daily average volatility of 2.38%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KANSAINER.NS) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Kansai Nerolac Paints Limited to open at ₹266.92, and during the day (based on 14 day Average True Range), to move between ₹256.47 and ₹272.13, which gives a possible trading interval of +/-₹7.83 (+/-2.96%) up or down from last closing price. If Kansai Nerolac Paints Limited takes out the full calculated possible swing range there will be an estimated 5.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹268.00 (1.40%) than the support at ₹258.65 (2.14%), 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 Kansai Nerolac Paints Limited stock A Buy?
Kansai Nerolac Paints Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.807 Sell Candidate Unchanged
Predicted Opening Price for Kansai Nerolac Paints Limited of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
₹266.92 ( 0.99%) | ₹264.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KANSAINER.NS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 275.37 | 4.19 % | |
R2 | 272.14 | 2.97 % | ||
R1 | 270.14 | 2.21 % | ||
Current price: | 264.30 | |||
Support | S1 | 263.69 | -0.231 % | |
S2 | 261.69 | -0.99 % | ||
S3 | 258.47 | -2.21 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 318.90 | 20.66 % | |
R2 | 316.55 | 19.77 % | ||
R1 | 268.00 | 1.40 % | ||
Current price | 264.30 | |||
Support | S1 | 258.65 | -2.14% | |
S2 | 0 | . | ||
S3 | 0 | . |
KANSAINER Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 25, 2023 | May 25, 2023 | May 25, 2023 | ₹2.70 | 0.99% |
2 | Jun 08, 2022 | Jun 08, 2022 | Jun 08, 2022 | ₹1.00 | 0.373% |
3 | Nov 08, 2021 | Nov 08, 2021 | Nov 08, 2021 | ₹1.25 | 0.314% |
4 | Jun 17, 2021 | Jun 17, 2021 | Jun 17, 2021 | ₹2.00 | 0.528% |
5 | Nov 12, 2020 | Nov 12, 2020 | Nov 12, 2020 | ₹1.25 | 0.368% |
FAQ
Click here for our free guide on how to buy Kansai Nerolac Paints Limited Stock.