Navin Fluorine International Limited Stock Forecast
Green day on Friday for Navin Fluorine International Limited
(Updated on May 17, 2024)
The Navin Fluorine International Limited stock price gained 3.33% on the last trading day (Friday, 17th May 2024), rising from ₹3,318.30 to ₹3,428.90. During the last trading day the stock fluctuated 3.59% from a day low at ₹3,316.95 to a day high of ₹3,436.15. The price has fallen in 6 of the last 10 days and is down by -0.24% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 thousand more shares were traded than the day before. In total, 10 thousand shares were bought and sold for approximately ₹35.02 million.
The stock lies in the middle of a 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 11.46% during the next 3 months and, with a 90% probability hold a price between ₹3,554.35 and ₹3,901.12 at the end of this 3-month period.
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NAVINFLUOR.BO Signals & Forecast
The Navin Fluorine International 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 ₹3,302.89 and ₹3,261.73. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 09, 2024, and so far it has risen 6.44%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Wednesday, May 15, 2024 in the long-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 12 Months
The stock had a Golden Star Signal on Wednesday, May 15, 2024 in the long-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 Navin Fluorine International Limited stock
Navin Fluorine International Limited finds support from accumulated volume at ₹3,411.25 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 ₹119.20 (3.59%) between high and low. For the last week, the stock has had daily average volatility of 3.47%.
Our recommended stop-loss: ₹3,291.20 (-4.02%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (NAVINFLUOR.BO) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Navin Fluorine International Limited to open at ₹3,394.00, and during the day (based on 14 day Average True Range), to move between ₹3,319.92 and ₹3,537.88, which gives a possible trading interval of +/-₹108.98 (+/-3.18%) up or down from last closing price. If Navin Fluorine International Limited takes out the full calculated possible swing range there will be an estimated 6.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹3,436.40 (0.22%) than the support at ₹3,411.25 (0.51%), 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 Navin Fluorine International 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 Navin Fluorine International Limited stock to perform well in the short-term.
Current score: 3.857 Buy Candidate Unchanged
Predicted Opening Price for Navin Fluorine International Limited of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| ₹3,394.00 ( 1.02%) | ₹3,428.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NAVINFLUOR.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,513.20 | 2.46 % | |
| R2 | 3,467.67 | 1.13 % | ||
| R1 | 3,439.53 | 0.310 % | ||
| Current price: | 3,428.90 | |||
| Support | S1 | 3,348.47 | -2.35 % | |
| S2 | 3,320.33 | -3.17 % | ||
| S3 | 3,274.80 | -4.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 3,437.00 | 0.236 % | ||
| R1 | 3,436.40 | 0.219 % | ||
| Current price | 3,428.90 | |||
| Support | S1 | 3,411.25 | -0.515% | |
| S2 | 3,275.25 | -4.48% | ||
| S3 | 2,998.60 | -12.55% |
FAQ
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