Nahar Industrial Enterprises 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
Nahar Industrial Enterprises Limited stock price down 0.464% on Friday
(Updated on May 03, 2024)
The Nahar Industrial Enterprises Limited stock price fell by -0.464% on the last day (Friday, 3rd May 2024) from ₹129.20 to ₹128.60. During the last trading day the stock fluctuated 2.75% from a day low at ₹127.05 to a day high of ₹130.55. The price has fallen in 5 of the last 10 days but is still up by 3.92% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 thousand shares and in total, 25 thousand shares were bought and sold for approximately ₹3.20 million.
The stock lies in the middle of a very 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 -9.03% during the next 3 months and, with a 90% probability hold a price between ₹97.94 and ₹133.90 at the end of this 3-month period.
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NAHARINDUS.NS Signals & Forecast
The Nahar Industrial Enterprises Limited 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 ₹129.93. On a fall, the stock will find some support from the long-term average at approximately ₹124.27. 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. 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 Tuesday, April 23, 2024, and so far it has fallen -3.67%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Nahar Industrial Enterprises Limited stock
Nahar Industrial Enterprises Limited finds support from accumulated volume at ₹128.55 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 ₹3.50 (2.75%) between high and low. For the last week, the stock has had daily average volatility of 2.23%.
Our recommended stop-loss: ₹122.32 (-4.88%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (NAHARINDUS.NS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Nahar Industrial Enterprises Limited to open at ₹128.73, and during the day (based on 14 day Average True Range), to move between ₹124.32 and ₹132.88, which gives a possible trading interval of +/-₹4.28 (+/-3.32%) up or down from last closing price. If Nahar Industrial Enterprises Limited takes out the full calculated possible swing range there will be an estimated 6.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹128.55 (0.04%) than the resistance at ₹131.60 (2.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Nahar Industrial Enterprises Limited stock A Buy?
Nahar Industrial Enterprises 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.
Current score: -0.317 Hold/Accumulate Unchanged
Predicted Opening Price for Nahar Industrial Enterprises Limited of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ₹128.73 ( 0.104%) | ₹128.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NAHARINDUS.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 132.23 | 2.83 % | |
| R2 | 130.90 | 1.79 % | ||
| R1 | 130.07 | 1.14 % | ||
| Current price: | 128.60 | |||
| Support | S1 | 127.40 | -0.94 % | |
| S2 | 126.57 | -1.58 % | ||
| S3 | 125.23 | -2.62 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 150.10 | 16.72 % | |
| R2 | 144.05 | 12.01 % | ||
| R1 | 131.60 | 2.33 % | ||
| Current price | 128.60 | |||
| Support | S1 | 128.55 | -0.0389% | |
| S2 | 127.80 | -0.622% | ||
| S3 | 118.20 | -8.09% |
NAHARINDUS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2017 | Sep 07, 2017 | Oct 26, 2017 | ₹1.00 | 0.93% |
| 2 | May 30, 2016 | Sep 15, 2016 | Oct 30, 2016 | ₹1.00 | 0.87% |
| 3 | May 28, 2014 | Sep 18, 2014 | Oct 30, 2014 | ₹1.00 | 1.67% |
| 4 | May 30, 2013 | Sep 19, 2013 | Oct 30, 2013 | ₹1.00 | 1.92% |
| 5 | May 31, 2011 | Sep 08, 2011 | Oct 20, 2011 | ₹1.00 | 2.35% |
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