Kokuyo Camlin Limited Stock Forecast
Volatile ride for Kokuyo Camlin Limited stock price on Tuesday moving between ₹127.00 and ₹143.80
(Updated on Apr 23, 2024)
The Kokuyo Camlin Limited stock price gained 11.04% on the last trading day (Tuesday, 23rd Apr 2024), rising from ₹126.40 to ₹140.35. During the last trading day the stock fluctuated 13.23% from a day low at ₹127.00 to a day high of ₹143.80. The price has fallen in 6 of the last 10 days but is still up by 6.53% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 585 thousand more shares were traded than the day before. In total, 630 thousand shares were bought and sold for approximately ₹88.38 million.
Given the current short-term trend, the stock is expected to fall -14.54% during the next 3 months and, with a 90% probability hold a price between ₹89.33 and ₹119.94 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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KOKUYOCMLN.NS Signals & Forecast
The Kokuyo Camlin 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 ₹128.33 and ₹122.71. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 28, 2024, and so far it has risen 26.44%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Kokuyo Camlin Limited stock
Kokuyo Camlin Limited finds support from accumulated volume at ₹137.15 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 ₹16.80 between high and low, or 13.23%. For the last week, the stock has had daily average volatility of 5.49%.
Our recommended stop-loss: ₹135.33 (-3.58%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (KOKUYOCMLN.NS) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Kokuyo Camlin Limited to open at ₹137.05, and during the day (based on 14 day Average True Range), to move between ₹134.40 and ₹146.30, which gives a possible trading interval of +/-₹5.95 (+/-4.24%) up or down from last closing price. If Kokuyo Camlin Limited takes out the full calculated possible swing range there will be an estimated 8.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹137.15 (2.28%) than the resistance at ₹149.45 (6.48%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kokuyo Camlin Limited stock A Buy?
Kokuyo Camlin 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.
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 Kokuyo Camlin Limited of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| ₹137.05 ( 2.35%) | ₹140.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KOKUYOCMLN.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 153.85 | 9.62 % | |
| R2 | 147.43 | 5.05 % | ||
| R1 | 143.47 | 2.22 % | ||
| Current price: | 140.35 | |||
| Support | S1 | 130.63 | -6.92 % | |
| S2 | 126.67 | -9.75 % | ||
| S3 | 120.25 | -14.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 153.40 | 9.30 % | |
| R2 | 151.10 | 7.66 % | ||
| R1 | 149.45 | 6.48 % | ||
| Current price | 140.35 | |||
| Support | S1 | 137.15 | -2.28% | |
| S2 | 127.90 | -8.87% | ||
| S3 | 125.85 | -10.33% |
KOKUYOCMLN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 21, 2023 | Jul 21, 2023 | Jul 21, 2023 | ₹0.500 | 0.389% |
| 2 | Jul 20, 2023 | Jul 20, 2023 | Jul 20, 2023 | ₹0.500 | 0.384% |
| 3 | May 25, 2011 | Jun 29, 2011 | Aug 06, 2011 | ₹0.250 | 0.347% |
| 4 | Apr 30, 2010 | Jun 21, 2010 | Jul 29, 2010 | ₹0.500 | 1.47% |
| 5 | May 08, 2009 | Jun 18, 2009 | Aug 01, 2009 | ₹0.300 | 1.43% |
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