Kothari Products Limited Stock Forecast
Kothari Products Limited stock price ended at ₹124.65 on Friday, after losing 1.27%.
(Updated on May 31, 2024)
The Kothari Products Limited stock price fell by -1.27% on the last day (Friday, 31st May 2024) from ₹126.25 to ₹124.65. During the last trading day the stock fluctuated 5.70% from a day low at ₹122.00 to a day high of ₹128.95. The price has been going up and down for this period, and there has been a -1.89% loss for the last 2 weeks. Volume has increased on the last day by 687 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, 1 thousand shares were bought and sold for approximately ₹147.09 thousand.
The stock lies in the middle of a wide and weak 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 3.01% during the next 3 months and, with a 90% probability hold a price between ₹121.22 and ₹141.76 at the end of this 3-month period.
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KOTHARIPRO.BO Signals & Forecast
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. The Kothari Products 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 ₹128.17 and ₹129.00. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -8.41%. Further fall is indicated until a new bottom pivot has been found. Kothari Products Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Kothari Products Limited stock
Kothari Products Limited finds support from accumulated volume at ₹120.00 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 ₹6.95 (5.70%) between high and low. For the last week, the stock has had daily average volatility of 3.70%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KOTHARIPRO.BO) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Kothari Products Limited to open at ₹125.20, and during the day (based on 14 day Average True Range), to move between ₹119.31 and ₹129.99, which gives a possible trading interval of +/-₹5.34 (+/-4.28%) up or down from last closing price. If Kothari Products Limited takes out the full calculated possible swing range there will be an estimated 8.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹120.00 (3.73%) than the resistance at ₹130.60 (4.77%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kothari Products Limited stock A Buy?
The Kothari Products Limited stock holds several negative signals and despite the positive trend, we believe Kothari Products Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.512 Sell Candidate Unchanged
Predicted Opening Price for Kothari Products Limited of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| ₹125.20 ( 0.441%) | ₹124.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KOTHARIPRO.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 132.15 | 6.02 % | |
| R2 | 129.50 | 3.89 % | ||
| R1 | 127.85 | 2.57 % | ||
| Current price: | 124.65 | |||
| Support | S1 | 122.55 | -1.69 % | |
| S2 | 120.90 | -3.00 % | ||
| S3 | 118.25 | -5.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 136.95 | 9.87 % | |
| R2 | 133.25 | 6.90 % | ||
| R1 | 130.60 | 4.77 % | ||
| Current price | 124.65 | |||
| Support | S1 | 120.00 | -3.73% | |
| S2 | 119.55 | -4.09% | ||
| S3 | 115.25 | -7.54% |
KOTHARIPRO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 12, 2019 | Sep 12, 2019 | Oct 25, 2018 | ₹1.00 | 0.98% |
| 2 | Sep 13, 2017 | Sep 13, 2017 | Oct 22, 2017 | ₹3.00 | 1.63% |
| 3 | Mar 17, 2016 | Mar 17, 2016 | Mar 17, 2016 | ₹3.00 | 1.78% |
| 4 | Sep 15, 2015 | Sep 15, 2015 | Sep 15, 2015 | ₹6.50 | 4.94% |
| 5 | Sep 10, 2014 | Sep 10, 2014 | Sep 10, 2014 | ₹6.00 | 3.28% |
FAQ
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