Polson Limited Stock Forecast
Green day on Friday for Polson Limited stock after gaining 0.422%
(Updated on Apr 26, 2024)
The Polson Limited stock price gained 0.422% on the last trading day (Friday, 26th Apr 2024), rising from ₹13,150.00 to ₹13,205.50. During the last trading day the stock fluctuated 3.38% from a day low at ₹13,005.10 to a day high of ₹13,445.00. The price has fallen in 6 of the last 10 days and is down by -4.36% for this period. Volume fell on the last day by -66 shares and in total, 10 shares were bought and sold for approximately ₹132.06 thousand. 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 middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -6.56% during the next 3 months and, with a 90% probability hold a price between ₹11,154.34 and ₹12,833.71 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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POLSON.BO Signals & Forecast
The Polson Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₹13,307.28. On a fall, the stock will find some support from the long-term average at approximately ₹13,093.55. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Friday, April 05, 2024, and so far it has fallen -4.55%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Polson Limited stock
Polson Limited finds support from accumulated volume at ₹13,023.75 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 ₹439.90 between high and low, or 3.38%. For the last week the stock has had daily average volatility of 2.69%.
Our recommended stop-loss: ₹12,673.64 (-4.03%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (POLSON.BO) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Polson Limited to open at ₹13,218.53, and during the day (based on 14 day Average True Range), to move between ₹12,738.26 and ₹13,672.74, which gives a possible trading interval of +/-₹467.24 (+/-3.54%) up or down from last closing price. If Polson Limited takes out the full calculated possible swing range there will be an estimated 7.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹13,023.75 (1.38%) than the resistance at ₹13,670.95 (3.52%), 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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.489 Hold/Accumulate Unchanged
Predicted Opening Price for Polson Limited of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| ₹13,218.53 ( 0.0987%) | ₹13,205.50 |
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 | 13,658.43 | 3.43 % | |
| R2 | 13,490.39 | 2.16 % | ||
| R1 | 13,386.58 | 1.37 % | ||
| Current price: | 13,205.50 | |||
| Support | S1 | 13,050.49 | -1.17 % | |
| S2 | 12,946.68 | -1.96 % | ||
| S3 | 12,778.63 | -3.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14,604.35 | 10.59 % | |
| R2 | 13,808.00 | 4.56 % | ||
| R1 | 13,670.95 | 3.52 % | ||
| Current price | 13,205.50 | |||
| Support | S1 | 13,023.75 | -1.38% | |
| S2 | 12,750.10 | -3.45% | ||
| S3 | 12,303.70 | -6.83% |
FAQ
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