RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of POLSON.BO
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Polson Limited stock price ended at ₹12,391.50 on Wednesday, after losing 1.46%.
(Updated on Mar 27, 2024)

Sell candidate since Mar 26, 2024 Loss -1.46% PDF

The Polson Limited stock price fell by -1.46% on the last day (Wednesday, 27th Mar 2024) from ₹12,575.00 to ₹12,391.50. During the last trading day the stock fluctuated 1.66% from a day low at ₹12,375.00 to a day high of ₹12,580.00. The price has fallen in 7 of the last 10 days and is down by -2.04% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -18 shares and in total, 6 shares were bought and sold for approximately ₹74.35 thousand.

The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₹12,234.18 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -7.04% during the next 3 months and, with a 90% probability hold a price between ₹11,373.31 and ₹13,021.22 at the end of this 3-month period.

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POLSON.BO Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, March 20, 2024, and so far it has risen 0.714%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Polson Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₹12,545.26 and ₹13,247.59. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Polson Limited stock

Polson Limited finds support from accumulated volume at ₹12,303.70 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved ₹205.00 between high and low, or 1.66%. For the last week the stock has had daily average volatility of 4.04%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (POLSON.BO) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Polson Limited to open at ₹12,448.83, and during the day (based on 14 day Average True Range), to move between ₹11,861.24 and ₹12,921.76, which gives a possible trading interval of +/-₹530.26 (+/-4.28%) up or down from last closing price. If Polson Limited takes out the full calculated possible swing range there will be an estimated 8.56% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹12,303.70 (0.71%) than the resistance at ₹13,670.95 (10.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Polson Limited stock A Buy?

Polson Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -1.455 Sell Candidate Unchanged

Predicted Opening Price for Polson Limited of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
₹12,448.83 ( 0.463%) ₹12,391.50

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for POLSON.BO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 12,653.83 2.12 %
R2 12,575.52 1.49 %
R1 12,527.14 1.09 %
Current price: 12,391.50
Support S1 12,370.52 -0.169 %
S2 12,322.14 -0.560 %
S3 12,243.83 -1.19 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 14,604.35 17.86 %
R2 13,812.50 11.47 %
R1 13,670.95 10.33 %
Current price 12,391.50
Support S1 12,303.70 -0.709%
S2 0 .
S3 0 .

FAQ

What is the symbol for Polson Limited Stock and on which exchange is it traded?
The symbol for Polson Limited is POLSON.BO and it is traded on the XBOM (Bombay Stock Exchange).

Should I buy or sell Polson Limited Stock?
Polson Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy Polson Limited Stock?
Polson Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Polson Limited Stock.

What's the current price of Polson Limited Stock?
As of the end of day on the 2024-03-27, the price of an Polson Limited (POLSON.BO) share was ₹12,391.50.

What is the 52-week high and low for Polson Limited Stock?
The 52-week high for Polson Limited Stock is ₹17,160.00 and the 52-week low is ₹9,132.00.
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