KIOCL Limited Stock Forecast
Green day on Tuesday for KIOCL Limited
(Updated on Apr 23, 2024)
The KIOCL Limited stock price gained 0.299% on the last trading day (Tuesday, 23rd Apr 2024), rising from ₹435.25 to ₹436.55. During the last trading day the stock fluctuated 2.15% from a day low at ₹434.65 to a day high of ₹444.00. The price has fallen in 5 of the last 10 days and is down by -3.46% for this period. Volume fell on the last day by -75 thousand shares and in total, 177 thousand shares were bought and sold for approximately ₹77.42 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 is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect KIOCL Limited stock with a 90% probability to be traded between ₹369.87 and ₹549.93 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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KIOCL.NS Signals & Forecast
Mostly positive signals in the chart today. The KIOCL Limited 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 ₹432.28 and ₹427.64. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 13, 2024, and so far it has risen 17.35%. 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.
Support, Risk & Stop-loss for KIOCL Limited stock
KIOCL Limited finds support from accumulated volume at ₹432.10 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 ₹9.35 between high and low, or 2.15%. For the last week, the stock has had daily average volatility of 3.64%.
Our recommended stop-loss: ₹421.62 (-3.42%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 26 days ago.)
Trading Expectations (KIOCL.NS) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect KIOCL Limited to open at ₹438.40, and during the day (based on 14 day Average True Range), to move between ₹412.97 and ₹460.13, which gives a possible trading interval of +/-₹23.58 (+/-5.40%) up or down from last closing price. If KIOCL Limited takes out the full calculated possible swing range there will be an estimated 10.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹432.10 (1.02%) than the resistance at ₹474.50 (8.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is KIOCL Limited stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for KIOCL Limited stock to perform well in the short-term period.
Current score: 2.662 Buy Candidate Unchanged
Predicted Opening Price for KIOCL Limited of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| ₹438.40 ( 0.424%) | ₹436.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KIOCL.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 447.75 | 2.57 % | |
| R2 | 444.18 | 1.75 % | ||
| R1 | 441.97 | 1.24 % | ||
| Current price: | 436.55 | |||
| Support | S1 | 434.83 | -0.394 % | |
| S2 | 432.62 | -0.90 % | ||
| S3 | 429.05 | -1.72 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 504.25 | 15.51 % | |
| R2 | 491.55 | 12.60 % | ||
| R1 | 474.50 | 8.69 % | ||
| Current price | 436.55 | |||
| Support | S1 | 432.10 | -1.02% | |
| S2 | 407.90 | -6.56% | ||
| S3 | 406.30 | -6.93% |
KIOCL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 08, 2022 | Sep 08, 2022 | Sep 08, 2022 | ₹0.790 | 0.385% |
| 2 | Nov 25, 2021 | Nov 25, 2021 | Nov 25, 2021 | ₹0.98 | 0.396% |
| 3 | Sep 07, 2021 | Sep 07, 2021 | Sep 07, 2021 | ₹1.64 | 0.603% |
| 4 | Sep 21, 2020 | Sep 21, 2020 | Sep 21, 2020 | ₹0.700 | 0.596% |
| 5 | May 21, 2019 | Aug 23, 2019 | Oct 01, 2019 | ₹1.33 | 1.10% |
FAQ
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