Kings Infra Ventures 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
Kings Infra Ventures Limited stock upgraded from Sell Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Apr 30, 2024)
The Kings Infra Ventures Limited stock price gained 1.59% on the last trading day (Tuesday, 30th Apr 2024), rising from ₹172.50 to ₹175.25. During the last trading day the stock fluctuated 9.17% from a day low at ₹168.50 to a day high of ₹183.95. The price has been going up and down for this period, and there has been a -3.42% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 11 thousand more shares were traded than the day before. In total, 49 thousand shares were bought and sold for approximately ₹8.61 million.
The stock lies in the middle of a very 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 -17.33% during the next 3 months and, with a 90% probability hold a price between ₹118.46 and ₹159.87 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.
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KINGSINFR.BO Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 29, 2024, and so far it has risen 1.59%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Kings Infra Ventures 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 ₹177.76 and ₹182.98. 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).
Support, Risk & Stop-loss for Kings Infra Ventures Limited stock
Kings Infra Ventures Limited finds support from accumulated volume at ₹175.05 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 ₹15.45 between high and low, or 9.17%. For the last week, the stock has had daily average volatility of 4.64%.
Kings Infra Ventures Limited is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: ₹164.85 (-5.93%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 23 which reduces the risk some. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (KINGSINFR.BO) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Kings Infra Ventures Limited to open at ₹175.90, and during the day (based on 14 day Average True Range), to move between ₹166.13 and ₹184.37, which gives a possible trading interval of +/-₹9.12 (+/-5.21%) up or down from last closing price. If Kings Infra Ventures Limited takes out the full calculated possible swing range there will be an estimated 10.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹175.05 (0.11%) than the resistance at ₹179.65 (2.51%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kings Infra Ventures Limited stock A Buy?
Kings Infra Ventures 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.241 Hold/Accumulate Upgraded
Predicted Opening Price for Kings Infra Ventures Limited of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| ₹175.90 ( 0.371%) | ₹175.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KINGSINFR.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 191.35 | 9.19 % | |
| R2 | 185.45 | 5.82 % | ||
| R1 | 181.80 | 3.74 % | ||
| Current price: | 175.25 | |||
| Support | S1 | 170.00 | -3.00 % | |
| S2 | 166.35 | -5.08 % | ||
| S3 | 160.45 | -8.45 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 199.35 | 13.75 % | |
| R2 | 196.85 | 12.33 % | ||
| R1 | 179.65 | 2.51 % | ||
| Current price | 175.25 | |||
| Support | S1 | 175.05 | -0.114% | |
| S2 | 172.50 | -1.57% | ||
| S3 | 163.55 | -6.68% |
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