Nagarjuna Fertilizers and Chemicals Ltd 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
Stronger technical forecast for Nagarjuna Fertilizers and Chemicals Ltd stock price after Wednesday trading.
(Updated on Jul 03, 2024)
The Nagarjuna Fertilizers and Chemicals Ltd stock price gained 2.38% on the last trading day (Wednesday, 3rd Jul 2024), rising from ₹12.16 to ₹12.45. During the last trading day the stock fluctuated 4.75% from a day low at ₹12.22 to a day high of ₹12.80. The price has fallen in 7 of the last 10 days and is down by -5.61% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 657 thousand more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately ₹44.20 million.
The stock lies in the middle of a very wide and strong 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 19.78% during the next 3 months and, with a 90% probability hold a price between ₹12.79 and ₹17.46 at the end of this 3-month period.
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NAGAFERT.NS Signals & Forecast
The Nagarjuna Fertilizers and Chemicals Ltd stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₹12.53. On a fall, the stock will find some support from the long-term average at approximately ₹11.47. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -12.51%. 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 Nagarjuna Fertilizers and Chemicals Ltd stock
Nagarjuna Fertilizers and Chemicals Ltd finds support from accumulated volume at ₹12.39 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹0.580 between high and low, or 4.75%. For the last week, the stock has had daily average volatility of 4.95%.
Our recommended stop-loss: ₹11.96 (-3.90%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (NAGAFERT.NS) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Nagarjuna Fertilizers and Chemicals Limited to open at ₹12.49, and during the day (based on 14 day Average True Range), to move between ₹11.79 and ₹13.11, which gives a possible trading interval of +/-₹0.657 (+/-5.28%) up or down from last closing price. If Nagarjuna Fertilizers and Chemicals Limited takes out the full calculated possible swing range there will be an estimated 10.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹12.39 (0.48%) than the resistance at ₹12.86 (3.29%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Nagarjuna Fertilizers and Chemicals Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Nagarjuna Fertilizers and Chemicals Ltd stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.181 Buy Candidate Upgraded
Predicted Opening Price for Nagarjuna Fertilizers and Chemicals Limited of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| ₹12.49 ( 0.321%) | ₹12.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NAGAFERT.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.07 | 4.98% |
| R2 | 12.85 | 3.20% |
| R1 | 12.71 | 2.10% |
| Price | 12.45 | |
| S1 | 12.27 | -1.46% |
| S2 | 12.13 | -2.56% |
| S3 | 11.91 | -4.34% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.23 | 14.30% |
| R2 | 13.68 | 9.88% |
| R1 | 12.86 | 3.29% |
| Price | 12.45 | |
| S1 | 12.39 | -0.482% |
| S2 | 11.68 | -6.18% |
| S3 | 11.30 | -9.24% |
NAGAFERT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 28, 2011 | Jul 14, 2011 | Jul 26, 2011 | ₹1.00 | 3.02% |
| 2 | May 27, 2010 | Jul 14, 2010 | Aug 28, 2010 | ₹0.500 | 1.67% |
FAQ
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