ORIENTAL RAIL INFRASTRUCTURE L 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
Green day on Friday for ORIENTAL RAIL INFRASTRUCTURE L
(Updated on Jun 21, 2024)
The ORIENTAL RAIL INFRASTRUCTURE L stock price gained 0.498% on the last trading day (Friday, 21st Jun 2024), rising from ₹280.85 to ₹282.25. During the last trading day the stock fluctuated 4.36% from a day low at ₹272.05 to a day high of ₹283.90. The price has risen in 7 of the last 10 days and is up by 18.54% 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, 39 thousand more shares were traded than the day before. In total, 147 thousand shares were bought and sold for approximately ₹41.43 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect ORIENTAL RAIL INFRASTRUCTURE L stock with a 90% probability to be traded between ₹232.39 and ₹304.51 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ORIRAIL.BO Signals & Forecast
The ORIENTAL RAIL INFRASTRUCTURE L 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 ₹274.90 and ₹262.92. 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 Tuesday, June 18, 2024, and so far it has fallen -0.90%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for ORIENTAL RAIL INFRASTRUCTURE L stock
ORIENTAL RAIL INFRASTRUCTURE L finds support from accumulated volume at ₹271.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 ₹11.85 between high and low, or 4.36%. For the last week, the stock has had daily average volatility of 5.02%.
Our recommended stop-loss: ₹271.36 (-3.86%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (ORIRAIL.BO) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect ORIENTAL RAIL INFRASTRUCTURE L to open at ₹279.40, and during the day (based on 14 day Average True Range), to move between ₹268.92 and ₹295.58, which gives a possible trading interval of +/-₹13.33 (+/-4.72%) up or down from last closing price. If ORIENTAL RAIL INFRASTRUCTURE L takes out the full calculated possible swing range there will be an estimated 9.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹284.80 (0.90%) than the support at ₹271.60 (3.77%), 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 ORIENTAL RAIL INFRASTRUCTURE L stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for ORIENTAL RAIL INFRASTRUCTURE L stock to perform well in the short-term period.
Current score: 1.765 Buy Candidate Unchanged
Predicted Opening Price for ORIENTAL RAIL INFRASTRUCTURE L of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| ₹279.40 ( 1.01%) | ₹282.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ORIRAIL.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 291.25 | 3.19% |
| R2 | 286.72 | 1.58% |
| R1 | 283.93 | 0.594% |
| Price | 282.25 | |
| S1 | 274.87 | -2.61% |
| S2 | 272.08 | -3.60% |
| S3 | 267.55 | -5.21% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 299.25 | 6.02% |
| R2 | 293.40 | 3.95% |
| R1 | 284.80 | 0.90% |
| Price | 282.25 | |
| S1 | 271.60 | -3.77% |
| S2 | 264.85 | -6.16% |
| S3 | 240.10 | -14.93% |
ORIRAIL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 19, 2022 | Sep 19, 2022 | Oct 27, 2022 | ₹0.250 | 0% |
| 2 | Sep 06, 2021 | Sep 06, 2021 | Oct 14, 2021 | ₹0.200 | 0% |
| 3 | Sep 15, 2020 | Sep 15, 2020 | Oct 24, 2020 | ₹0.200 | 0% |
| 4 | Sep 09, 2019 | Sep 09, 2019 | Oct 19, 2019 | ₹0.200 | 0% |
| 5 | Aug 14, 2018 | Aug 14, 2018 | Sep 22, 2018 | ₹0.200 | 0% |
FAQ
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