National Fertilizers Limited Stock Forecast
National Fertilizers Limited stock price up 0.88% on Friday
(Updated on Jun 14, 2024)
The National Fertilizers Limited stock price gained 0.88% on the last trading day (Friday, 14th Jun 2024), rising from ₹113.90 to ₹114.90. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.38% from a day low at ₹113.75 to a day high of ₹117.60. The price has risen in 8 of the last 10 days and is up by 12.21% 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, 942 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately ₹171.43 million.
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 ₹116.54 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 16.48% during the next 3 months and, with a 90% probability hold a price between ₹111.67 and ₹135.74 at the end of this 3-month period.
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NFL.BO Signals & Forecast
The National Fertilizers 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 ₹110.65 and ₹103.54. 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 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 Monday, June 10, 2024, and so far it has fallen -0.433%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for National Fertilizers Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹106.25 and ₹105.01. 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, National Fertilizers Limited finds support just below today's level at ₹106.25. If this is broken, then the next support from accumulated volume will be at ₹105.01 and ₹94.57.
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 ₹3.85 between high and low, or 3.38%. For the last week, the stock has had daily average volatility of 5.51%.
Our recommended stop-loss: ₹110.35 (-3.96%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (NFL.BO) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect National Fertilizers Limited to open at ₹115.42, and during the day (based on 14 day Average True Range), to move between ₹109.67 and ₹120.13, which gives a possible trading interval of +/-₹5.23 (+/-4.55%) up or down from last closing price. If National Fertilizers Limited takes out the full calculated possible swing range there will be an estimated 9.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹115.40 (0.44%) than the support at ₹106.25 (7.53%), 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 National Fertilizers 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 National Fertilizers Limited stock to perform well in the short-term.
Current score: 3.210 Buy Candidate Unchanged
Predicted Opening Price for National Fertilizers Limited of Tuesday, June 18, 2024
Fair opening price June 18, 2024 | Current price |
---|---|
₹115.42 ( 0.450%) | ₹114.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NFL.BO
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 119.27 | 3.80% |
R2 | 117.80 | 2.52% |
R1 | 116.89 | 1.73% |
Price | 114.90 | |
S1 | 113.95 | -0.83% |
S2 | 113.04 | -1.62% |
S3 | 111.57 | -2.90% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 115.40 | 0.435% |
Price | 114.90 | |
S1 | 106.25 | -7.53% |
S2 | 105.01 | -8.61% |
S3 | 94.57 | -17.69% |
NFL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 22, 2023 | Sep 22, 2023 | Oct 28, 2023 | ₹1.26 | 1.84% |
2 | Jun 09, 2023 | Jun 09, 2023 | Jun 27, 2023 | ₹1.53 | 2.17% |
3 | Mar 19, 2020 | Mar 19, 2020 | Mar 03, 2019 | ₹0.95 | 2.75% |
4 | Sep 19, 2016 | Sep 19, 2016 | Oct 26, 2017 | ₹1.21 | 1.88% |
5 | Sep 15, 2015 | Sep 15, 2015 | Sep 15, 2015 | ₹0.170 | 0.746% |
FAQ
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