Kotia Enterprises Limited Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Kotia Enterprises Limited stock price down 4.98% on Friday
(Updated on Jun 28, 2024)
The Kotia Enterprises Limited stock price fell by -4.98% on the last day (Friday, 28th Jun 2024) from ₹20.27 to ₹19.26. During the last trading day the stock fluctuated 3.12% from a day low at ₹19.26 to a day high of ₹19.86. The price has fallen in 5 of the last 10 days and is down by -17.73% for this period. Volume has increased on the last day by 2 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, 2 thousand shares were bought and sold for approximately ₹45.38 thousand.
Given the current short-term trend, the stock is expected to rise 51.48% during the next 3 months and, with a 90% probability hold a price between ₹29.17 and ₹37.20 at the end of this 3-month period.
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KEL.BO Signals & Forecast
There are few to no technical positive signals at the moment. The Kotia Enterprises Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₹20.40 and ₹20.34. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -17.73%. 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). Kotia Enterprises Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Kotia Enterprises Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹16.76 and ₹16.56. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Kotia Enterprises Limited finds support just below today's level at ₹16.76. If this is broken, then the next support from accumulated volume will be at ₹16.56 and ₹16.31.
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 ₹0.600 between high and low, or 3.12%. For the last week, the stock has had daily average volatility of 0.623%.
Our recommended stop-loss: ₹18.20 (-5.52%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (KEL.BO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Kotia Enterprises Limited to open at ₹19.46, and during the day (based on 14 day Average True Range), to move between ₹18.65 and ₹19.87, which gives a possible trading interval of +/-₹0.609 (+/-3.16%) up or down from last closing price. If Kotia Enterprises Limited takes out the full calculated possible swing range there will be an estimated 6.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹19.79 (2.75%) than the support at ₹16.76 (12.98%), 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 Kotia Enterprises Limited stock A Buy?
Kotia Enterprises Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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 Kotia Enterprises Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₹19.46 ( 1.04%) | ₹19.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KEL.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.06 | 4.15% |
| R2 | 19.83 | 2.96% |
| R1 | 19.69 | 2.23% |
| Price | 19.26 | |
| S1 | 19.23 | -0.152% |
| S2 | 19.09 | -0.89% |
| S3 | 18.86 | -2.08% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.52 | 11.73% |
| R2 | 20.63 | 7.11% |
| R1 | 19.79 | 2.75% |
| Price | 19.26 | |
| S1 | 16.76 | -12.98% |
| S2 | 16.56 | -14.02% |
| S3 | 16.31 | -15.32% |
FAQ
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