K.C.P. Sugar and Industries Corp Ltd Stock Forecast

K.C.P. Sugar and Industries Corp Ltd stock price ended at ₹45.23 on Friday, after gaining 1.21%.
(Updated on Jun 14, 2024)

KCPSUGIND.NS Signals & Forecast

The K.C.P. Sugar and Industries Corp 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 ₹40.87 and ₹37.34. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 36.65%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. The stock had a Golden Star Signal on Wednesday, July 19, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for K.C.P. Sugar and Industries Corp Ltd stock

K.C.P. Sugar and Industries Corp Ltd finds support from accumulated volume at ₹44.69 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 ₹2.59 between high and low, or 5.82%. For the last week, the stock has had daily average volatility of 7.93%.

Our recommended stop-loss: ₹43.86 (-3.02%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 36 days ago.)

Trading Expectations (KCPSUGIND.NS) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect K.C.P. Sugar and Industries Corporation Limited to open at ₹45.61, and during the day (based on 14 day Average True Range), to move between ₹42.82 and ₹47.64, which gives a possible trading interval of +/-₹2.41 (+/-5.32%) up or down from last closing price. If K.C.P. Sugar and Industries Corporation Limited takes out the full calculated possible swing range there will be an estimated 10.64% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ ₹44.69, some ₹0.540 (1.19%) from the current price of ₹45.23, our system finds the risk reward attractive.

Is K.C.P. Sugar and Industries Corporation Limited stock A Buy?

K.C.P. Sugar and Industries Corp Ltd 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: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for K.C.P. Sugar and Industries Corporation Limited of Tuesday, June 18, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.