Kirloskar Industries 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
A very red day for Kirloskar Industries Limited stock price after a -6.10% fall in the Tuesday trading session
(Updated on May 07, 2024)
The Kirloskar Industries Limited stock price fell by -6.10% on the last day (Tuesday, 7th May 2024) from ₹5,359.80 to ₹5,032.65. During the last trading day the stock fluctuated 9.34% from a day low at ₹4,980.00 to a day high of ₹5,444.95. The price has fallen in 5 of the last 10 days but is still up by 16.06% over the past 2 weeks. Volume has increased on the last day by 3 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, 12 thousand shares were bought and sold for approximately ₹59.18 million.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 19.36% during the next 3 months and, with a 90% probability hold a price between ₹5,179.04 and ₹6,573.54 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
KIRLOSIND.NS Signals & Forecast
The Kirloskar Industries Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₹5,213.23. On a fall, the stock will find some support from the long-term average at approximately ₹4,459.93. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, May 03, 2024, and so far it has fallen -8.12%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Kirloskar Industries Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹4,530.30 and ₹4,373.15. 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, Kirloskar Industries Limited finds support just below today's level at ₹4,530.30. If this is broken, then the next support from accumulated volume will be at ₹4,373.15 and ₹4,179.35.
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 ₹464.95 between high and low, or 9.34%. For the last week, the stock has had daily average volatility of 6.01%.
Our recommended stop-loss: ₹4,798.13 (-4.66%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (KIRLOSIND.NS) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Kirloskar Industries Limited to open at ₹5,152.53, and during the day (based on 14 day Average True Range), to move between ₹4,802.53 and ₹5,262.77, which gives a possible trading interval of +/-₹230.12 (+/-4.57%) up or down from last closing price. If Kirloskar Industries Limited takes out the full calculated possible swing range there will be an estimated 9.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹5,214.15 (3.61%) than the support at ₹4,530.30 (9.98%), 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 Kirloskar Industries Limited stock A Buy?
Kirloskar Industries Limited 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.666 Hold/Accumulate Downgraded
Predicted Opening Price for Kirloskar Industries Limited of Wednesday, May 8, 2024
Fair opening price May 8, 2024 | Current price |
---|---|
₹5,152.53 ( 2.38%) | ₹5,032.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KIRLOSIND.NS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5,617.48 | 11.62 % | |
R2 | 5,439.87 | 8.09 % | ||
R1 | 5,330.14 | 5.91 % | ||
Current price: | 5,032.65 | |||
Support | S1 | 4,974.92 | -1.15 % | |
S2 | 4,865.19 | -3.33 % | ||
S3 | 4,687.58 | -6.86 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5,477.25 | 8.83 % | |
R2 | 5,232.65 | 3.97 % | ||
R1 | 5,214.15 | 3.61 % | ||
Current price | 5,032.65 | |||
Support | S1 | 4,530.30 | -9.98% | |
S2 | 4,373.15 | -13.10% | ||
S3 | 4,179.35 | -16.96% |
KIRLOSIND Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Aug 04, 2023 | Aug 04, 2023 | Aug 04, 2023 | ₹11.00 | 0.305% |
2 | Aug 03, 2023 | Aug 03, 2023 | Aug 03, 2023 | ₹11.00 | 0.309% |
3 | Aug 01, 2022 | Aug 01, 2022 | Aug 01, 2022 | ₹10.00 | 0.692% |
4 | Aug 03, 2021 | Aug 03, 2021 | Aug 03, 2021 | ₹10.00 | 0.589% |
5 | Aug 02, 2021 | Aug 02, 2021 | Aug 02, 2021 | ₹10.00 | 0.589% |
FAQ
Click here for our free guide on how to buy Kirloskar Industries Limited Stock.