Link Pharma Chem 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
Link Pharma Chem Limited stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on Jun 27, 2024)
The Link Pharma Chem Limited stock price gained 2.55% on the last trading day (Thursday, 27th Jun 2024), rising from ₹44.25 to ₹45.38. During the last trading day the stock fluctuated 3.50% from a day low at ₹44.25 to a day high of ₹45.80. The price has risen in 6 of the last 10 days and is up by 5.53% 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, 3 thousand more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately ₹156.43 thousand.
The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is ₹45.36, a level that may pose a second chance to hit a runner. According to fan-theory ₹51.97 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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LINKPH.BO Signals & Forecast
Mostly positive signals in the chart today. The Link Pharma Chem 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 ₹44.63 and ₹43.15. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 05, 2024, and so far it has risen 16.06%. 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). Link Pharma Chem 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. The stock had a Golden Star Signal on Tuesday, April 23, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Tuesday, April 23, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Link Pharma Chem Limited stock
Link Pharma Chem Limited finds support from accumulated volume at ₹44.50 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 ₹1.55 between high and low, or 3.50%. For the last week, the stock has had daily average volatility of 3.51%.
Our recommended stop-loss: ₹43.64 (-3.84%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 55 days ago.)
Trading Expectations (LINKPH.BO) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Link Pharma Chem Limited to open at ₹45.14, and during the day (based on 14 day Average True Range), to move between ₹43.17 and ₹47.59, which gives a possible trading interval of +/-₹2.21 (+/-4.87%) up or down from last closing price. If Link Pharma Chem Limited takes out the full calculated possible swing range there will be an estimated 9.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹45.56 (0.40%) than the support at ₹44.50 (1.94%), 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 Link Pharma Chem Limited stock A Buy?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.371 Buy Candidate Upgraded
Predicted Opening Price for Link Pharma Chem Limited of Friday, June 28, 2024
Fair opening price June 28, 2024 | Current price |
---|---|
₹45.14 ( 0.522%) | ₹45.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LINKPH.BO
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 46.69 | 2.89% |
R2 | 46.10 | 1.59% |
R1 | 45.74 | 0.783% |
Price | 45.38 | |
S1 | 44.55 | -1.83% |
S2 | 44.19 | -2.63% |
S3 | 43.59 | -3.94% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 46.66 | 2.82% |
R2 | 46.49 | 2.45% |
R1 | 45.56 | 0.397% |
Price | 45.38 | |
S1 | 44.50 | -1.94% |
S2 | 44.26 | -2.47% |
S3 | 42.97 | -5.31% |
FAQ
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