Kalyani Investment Company 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
Kalyani Investment Company Limited stock price up 0.93% on Wednesday
(Updated on Jun 05, 2024)
The Kalyani Investment Company Limited stock price gained 0.93% on the last trading day (Wednesday, 5th Jun 2024), rising from ₹4,051.85 to ₹4,089.50. During the last trading day the stock fluctuated 5.80% from a day low at ₹3,924.85 to a day high of ₹4,152.30. The price has risen in 6 of the last 10 days but is still down by -6.78% for this period. Volume fell on the last day by -8 thousand shares and in total, 7 thousand shares were bought and sold for approximately ₹29.60 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 stock has broken the wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at ₹4,189.87. A reaction back to this level may hold a second chance to get out before further falls.
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KICL.NS Signals & Forecast
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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Kalyani Investment Company 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 ₹4,332.92 and ₹4,327.71. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 27, 2024, and so far it has fallen -10.17%. 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).
Support, Risk & Stop-loss for Kalyani Investment Company Limited stock
Kalyani Investment Company Limited finds support from accumulated volume at ₹4,051.85 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ₹227.45 (5.80%) between high and low. For the last week, the stock has had daily average volatility of 7.93%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KICL.NS) For The Upcoming Trading Day Of Thursday 6th
For the upcoming trading day on Thursday, 6th we expect Kalyani Investment Company Limited to open at ₹4,055.55, and during the day (based on 14 day Average True Range), to move between ₹3,876.18 and ₹4,302.82, which gives a possible trading interval of +/-₹213.32 (+/-5.22%) up or down from last closing price. If Kalyani Investment Company Limited takes out the full calculated possible swing range there will be an estimated 10.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹4,051.85 (0.92%) than the resistance at ₹4,276.75 (4.58%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kalyani Investment Company Limited stock A Buy?
The Kalyani Investment Company Limited stock holds several negative signals and despite the positive trend, we believe Kalyani Investment Company Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.383 Sell Candidate Unchanged
Predicted Opening Price for Kalyani Investment Company Limited of Thursday, June 6, 2024
Fair opening price June 6, 2024 | Current price |
---|---|
₹4,055.55 ( 0.83%) | ₹4,089.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KICL.NS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 4,283.00 | 4.73% |
R2 | 4,196.11 | 2.61% |
R1 | 4,142.44 | 1.29% |
Price | 4,089.50 | |
S1 | 3,968.66 | -2.95% |
S2 | 3,914.99 | -4.27% |
S3 | 3,828.10 | -6.39% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 4,512.70 | 10.35% |
R2 | 4,363.05 | 6.69% |
R1 | 4,276.75 | 4.58% |
Price | 4,089.50 | |
S1 | 4,051.85 | -0.92% |
S2 | 4,029.40 | -1.47% |
S3 | 3,607.85 | -11.78% |
FAQ
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