NCC 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
NCC Limited stock price up 1.00% on Friday
(Updated on Jun 14, 2024)
The NCC Limited stock price gained 1.00% on the last trading day (Friday, 14th Jun 2024), rising from ₹325.50 to ₹328.75. During the last trading day the stock fluctuated 3.55% from a day low at ₹321.05 to a day high of ₹332.45. The price has risen in 7 of the last 10 days and is up by 14.45% over the past 2 weeks. Volume fell on the last day by -159 thousand shares and in total, 289 thousand shares were bought and sold for approximately ₹94.96 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ₹335.11 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 33.59% during the next 3 months and, with a 90% probability hold a price between ₹364.47 and ₹447.68 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
NCC.BO Signals & Forecast
The NCC 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 ₹325.86 and ₹277.29. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Wednesday, June 12, 2024, and so far it has fallen -1.04%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for NCC Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹289.05 and ₹273.70. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, NCC Limited finds support just below today's level at ₹289.05. If this is broken, then the next support from accumulated volume will be at ₹273.70 and ₹266.95.
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 ₹11.40 between high and low, or 3.55%. For the last week, the stock has had daily average volatility of 4.30%.
Our recommended stop-loss: ₹317.01 (-3.57%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (NCC.BO) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect NCC Limited to open at ₹327.42, and during the day (based on 14 day Average True Range), to move between ₹310.90 and ₹346.60, which gives a possible trading interval of +/-₹17.85 (+/-5.43%) up or down from last closing price. If NCC Limited takes out the full calculated possible swing range there will be an estimated 10.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹332.20 (1.05%) than the support at ₹289.05 (12.08%), 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 NCC 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 NCC Limited stock to perform well in the short-term.
Current score: 2.918 Buy Candidate Unchanged
Predicted Opening Price for NCC Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ₹327.42 ( 0.406%) | ₹328.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NCC.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 338.82 | 3.06% |
| R2 | 334.46 | 1.74% |
| R1 | 331.77 | 0.92% |
| Price | 328.75 | |
| S1 | 323.06 | -1.73% |
| S2 | 320.37 | -2.55% |
| S3 | 316.02 | -3.87% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 332.20 | 1.05% |
| Price | 328.75 | |
| S1 | 289.05 | -12.08% |
| S2 | 273.70 | -16.75% |
| S3 | 266.95 | -18.80% |
NCC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 30, 2024 | Aug 30, 2024 | Sep 01, 2024 | ₹2.20 | 0.669% |
| 2 | Aug 25, 2023 | Aug 25, 2023 | Sep 30, 2023 | ₹2.20 | 1.42% |
| 3 | Aug 11, 2022 | Aug 11, 2022 | Sep 15, 2022 | ₹2.00 | 2.72% |
| 4 | Aug 07, 2017 | Aug 07, 2017 | Sep 23, 2017 | ₹0.400 | 0.471% |
| 5 | Aug 08, 2016 | Aug 08, 2016 | Aug 08, 2016 | ₹0.600 | 0.762% |
FAQ
Click here for our free guide on how to buy NCC Limited Stock.
