Kothari Products 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
Kothari Products Limited stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 17, 2024)
The Kothari Products Limited stock price gained 1.10% on the last trading day (Friday, 17th May 2024), rising from ₹127.30 to ₹128.70. During the last trading day the stock fluctuated 1.99% from a day low at ₹127.90 to a day high of ₹130.45. The price has fallen in 6 of the last 10 days and is down by -1.72% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 9 thousand shares were bought and sold for approximately ₹1.15 million.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at ₹133.57 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -9.11% during the next 3 months and, with a 90% probability hold a price between ₹95.38 and ₹121.41 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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KOTHARIPRO.NS Signals & Forecast
The Kothari Products Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₹126.21 and ₹128.60. A breakdown below any of these levels will issue sell signals. Kothari Products Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Wednesday, May 01, 2024, and so far it has fallen -5.54%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Kothari Products Limited stock
Kothari Products Limited finds support from accumulated volume at ₹127.20 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 ₹2.55 between high and low, or 1.99%. For the last week, the stock has had daily average volatility of 2.47%.
Our recommended stop-loss: ₹122.13 (-5.11%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (KOTHARIPRO.NS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Kothari Products Limited to open at ₹129.02, and during the day (based on 14 day Average True Range), to move between ₹123.79 and ₹133.61, which gives a possible trading interval of +/-₹4.91 (+/-3.82%) up or down from last closing price. If Kothari Products Limited takes out the full calculated possible swing range there will be an estimated 7.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹127.20 (1.17%) than the resistance at ₹135.60 (5.36%), 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?
Kothari Products 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.106 Hold/Accumulate Upgraded
Predicted Opening Price for Kothari Products Limited of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
₹129.02 ( 0.246%) | ₹128.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KOTHARIPRO.NS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 131.57 | 2.23 % | |
R2 | 130.59 | 1.47 % | ||
R1 | 129.99 | 1.00 % | ||
Current price: | 128.70 | |||
Support | S1 | 128.04 | -0.511 % | |
S2 | 127.44 | -0.98 % | ||
S3 | 126.47 | -1.74 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 137.60 | 6.92 % | |
R2 | 136.25 | 5.87 % | ||
R1 | 135.60 | 5.36 % | ||
Current price | 128.70 | |||
Support | S1 | 127.20 | -1.17% | |
S2 | 126.90 | -1.40% | ||
S3 | 119.25 | -7.34% |
KOTHARIPRO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 29, 2019 | Sep 12, 2019 | Oct 23, 2019 | ₹1.00 | 1.63% |
2 | May 26, 2018 | Sep 14, 2018 | Oct 25, 2018 | ₹1.50 | 1.47% |
3 | May 23, 2017 | Sep 13, 2017 | Oct 22, 2017 | ₹3.00 | 1.63% |
4 | Mar 09, 2016 | Mar 17, 2016 | Mar 31, 2016 | ₹3.00 | 1.87% |
5 | May 27, 2015 | Sep 15, 2015 | Oct 10, 2015 | ₹4.33 | 3.17% |
FAQ
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