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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:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

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

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of MONTECARLO.NS
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Monte Carlo Fashions Limited stock upgraded from Sell Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Jun 25, 2024)

Hold candidate since Jun 25, 2024 PDF

The Monte Carlo Fashions Limited stock price gained 3.81% on the last trading day (Tuesday, 25th Jun 2024), rising from ₹598.10 to ₹620.90. During the last trading day the stock fluctuated 6.98% from a day low at ₹592.35 to a day high of ₹633.70. The price has risen in 6 of the last 10 days and is up by 4.69% 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, 127 thousand more shares were traded than the day before. In total, 178 thousand shares were bought and sold for approximately ₹110.54 million.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.94% during the next 3 months and, with a 90% probability hold a price between ₹543.36 and ₹634.76 at the end of this 3-month period.

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MONTECARLO.NS Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 07, 2024, and so far it has risen 6.09%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Monte Carlo Fashions Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₹637.39. On a fall, the stock will find some support from the short-term average at ₹599.44. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for Monte Carlo Fashions Limited stock

Monte Carlo Fashions Limited finds support from accumulated volume at ₹616.15 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 ₹41.35 between high and low, or 6.98%. For the last week, the stock has had daily average volatility of 3.70%.

Our recommended stop-loss: ₹597.68 (-3.74%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 37 days ago.)

Trading Expectations (MONTECARLO.NS) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Monte Carlo Fashions Limited to open at ₹615.65, and during the day (based on 14 day Average True Range), to move between ₹598.00 and ₹643.80, which gives a possible trading interval of +/-₹22.90 (+/-3.69%) up or down from last closing price. If Monte Carlo Fashions Limited takes out the full calculated possible swing range there will be an estimated 7.38% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹616.15 (0.77%) than the resistance at ₹637.90 (2.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Monte Carlo Fashions Limited stock A Buy?

Monte Carlo Fashions 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: 0.752 Hold/Accumulate Upgraded

Predicted Opening Price for Monte Carlo Fashions Limited of Wednesday, June 26, 2024

Fair opening price June 26, 2024 Current price
₹615.65 ( 0.85%) ₹620.90

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for MONTECARLO.NS

Fibonacci Support & Resistance Levels

Level Price
R3 657.00 5.81%
R2 641.20 3.27%
R1 631.45 1.70%
Price 620.90
S1 599.85 -3.39%
S2 590.10 -4.96%
S3 574.30 -7.51%

Accumulated Volume Support & Resistance Levels

Level Price
R3 700.30 12.79%
R2 677.00 9.04%
R1 637.90 2.74%
Price 620.90
S1 616.15 -0.765%
S2 602.70 -2.93%
S3 587.45 -5.39%

MONTECARLO Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Aug 24, 2023 Aug 24, 2023 Sep 30, 2023 ₹20.00 2.51%
2 Sep 20, 2022 Sep 20, 2022 Sep 20, 2022 ₹20.00 2.36%
3 Sep 16, 2021 Sep 16, 2021 Sep 16, 2021 ₹15.00 4.14%
4 Sep 18, 2020 Sep 18, 2020 Sep 18, 2020 ₹5.00 2.76%
5 May 25, 2018 Sep 18, 2018 Oct 27, 2018 ₹12.00 3.46%

FAQ

What is the symbol for Monte Carlo Fashions Limited Stock and on which exchange is it traded?
The symbol for Monte Carlo Fashions Limited is MONTECARLO.NS and it is traded on the NSE (National Stock Exchange of India).

Should I buy or sell Monte Carlo Fashions Limited Stock?
Monte Carlo Fashions 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.

How to buy Monte Carlo Fashions Limited Stock?
Monte Carlo Fashions Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Monte Carlo Fashions Limited Stock.

What's the current price of Monte Carlo Fashions Limited Stock?
As of the end of day on the Jun 25, 2024, the price of an Monte Carlo Fashions Limited (MONTECARLO.NS) share was ₹620.90.

What is the 52-week high and low for Monte Carlo Fashions Limited Stock?
The 52-week high for Monte Carlo Fashions Limited Stock is ₹918.00 and the 52-week low is ₹565.00.

What is the market capitalization of Monte Carlo Fashions Limited Stock?
As of the Jun 25, 2024, the market capitalization of Monte Carlo Fashions Limited is 12.873B.

When is the next earnings date for Monte Carlo Fashions Limited?
The upcoming earnings date for Monte Carlo Fashions Limited is Aug 05, 2024.
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About Monte Carlo Fashions Limited

Monte Carlo Fashions Limited Monte Carlo Fashions Limited engages in manufacturing and trading woolen/cotton readymade apparels under the Monte Carlo brand in India and internationally. The company provides shirts, trousers, denims, Bermudas, lowers, hi-street fashion shirts, tops, dresses, jumpsuits, urban tunics, shrugs, shorts, capris, narrow pants, leggings, track suits, T-shirts, ties, belts, and socks for men, women, and tweens. It also offers home furnishings and kids... MONTECARLO.NS Profile

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