NOCIL Limited Stock Forecast
Red day on Thursday for NOCIL Limited stock after losing 0.433%
(Updated on Apr 25, 2024)
The NOCIL Limited stock price fell by -0.433% on the last day (Thursday, 25th Apr 2024) from ₹277.00 to ₹275.80. During the last trading day the stock fluctuated 3.10% from a day low at ₹274.30 to a day high of ₹282.80. The price has been going up and down for this period, and there has been a 1.57% gain for the last 2 weeks. Volume has increased on the last day by 677 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately ₹442.81 million.
The stock lies the upper part of a very wide and falling 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 ₹277.57 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -3.38% during the next 3 months and, with a 90% probability hold a price between ₹212.37 and ₹268.19 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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NOCIL.NS Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -0.756%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The NOCIL 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 ₹268.54 and ₹257.97. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for NOCIL Limited stock
NOCIL Limited finds support from accumulated volume at ₹275.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 ₹8.50 between high and low, or 3.10%. For the last week, the stock has had daily average volatility of 3.78%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NOCIL.NS) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect NOCIL Limited to open at ₹277.63, and during the day (based on 14 day Average True Range), to move between ₹265.68 and ₹285.92, which gives a possible trading interval of +/-₹10.12 (+/-3.67%) up or down from last closing price. If NOCIL Limited takes out the full calculated possible swing range there will be an estimated 7.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹275.20 (0.22%) than the resistance at ₹278.90 (1.12%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is NOCIL Limited stock A Buy?
NOCIL Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.948 Sell Candidate Unchanged
Predicted Opening Price for NOCIL Limited of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
₹277.63 ( 0.665%) | ₹275.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NOCIL.NS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 286.13 | 3.75 % | |
R2 | 282.89 | 2.57 % | ||
R1 | 280.88 | 1.84 % | ||
Current price: | 275.80 | |||
Support | S1 | 274.39 | -0.513 % | |
S2 | 272.38 | -1.24 % | ||
S3 | 269.13 | -2.42 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 291.60 | 5.73 % | |
R2 | 290.80 | 5.44 % | ||
R1 | 278.90 | 1.12 % | ||
Current price | 275.80 | |||
Support | S1 | 275.20 | -0.218% | |
S2 | 273.40 | -0.87% | ||
S3 | 270.10 | -2.07% |
NOCIL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 24, 2023 | Jul 24, 2023 | Jul 24, 2023 | ₹3.00 | 1.43% |
2 | Jul 21, 2022 | Jul 21, 2022 | Aug 27, 2022 | ₹3.00 | 1.13% |
3 | Jul 20, 2022 | Jul 20, 2022 | Jul 20, 2022 | ₹3.00 | 1.08% |
4 | Jul 27, 2021 | Jul 27, 2021 | Jul 27, 2021 | ₹2.00 | 0.740% |
5 | Jul 26, 2021 | Jul 26, 2021 | Jul 26, 2021 | ₹2.00 | 0.762% |
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