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 PRICOLLTD.BO
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Pricol Limited stock upgraded to Buy Candidate.
(Updated on Mar 28, 2024)

Buy candidate since Mar 28, 2024 PDF

The Pricol Limited stock price gained 2.10% on the last trading day (Thursday, 28th Mar 2024), rising from ₹381.10 to ₹389.10. It has now gained 5 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 4.20% from a day low at ₹377.15 to a day high of ₹393.00. The price has risen in 8 of the last 10 days and is up by 15% over the past 2 weeks. Volume fell on the last day by -8 thousand shares and in total, 32 thousand shares were bought and sold for approximately ₹12.37 million. 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 is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Pricol Limited stock with a 90% probability to be traded between ₹331.95 and ₹412.75 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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PRICOLLTD.BO Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, March 13, 2024, and so far it has risen 15.00%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Pricol Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₹389.16. On a fall, the stock will find some support from the short-term average at ₹368.25. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for Pricol Limited stock

Pricol Limited finds support from accumulated volume at ₹378.60 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 ₹15.85 between high and low, or 4.20%. For the last week, the stock has had daily average volatility of 3.27%.

Our recommended stop-loss: ₹376.18 (-3.32%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (PRICOLLTD.BO) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Pricol Limited to open at ₹386.42, and during the day (based on 14 day Average True Range), to move between ₹373.55 and ₹404.65, which gives a possible trading interval of +/-₹15.55 (+/-4.00%) up or down from last closing price. If Pricol Limited takes out the full calculated possible swing range there will be an estimated 7.99% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹392.95 (0.99%) than the support at ₹378.60 (2.70%), 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 Pricol Limited 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 Pricol Limited stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.346 Buy Candidate Upgraded

Predicted Opening Price for Pricol Limited of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
₹386.42 ( 0.690%) ₹389.10

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

Trading levels for PRICOLLTD.BO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 402.27 3.38 %
R2 396.21 1.83 %
R1 392.47 0.87 %
Current price: 389.10
Support S1 380.36 -2.25 %
S2 376.62 -3.21 %
S3 370.57 -4.76 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 415.10 6.68 %
R2 407.40 4.70 %
R1 392.95 0.99 %
Current price 389.10
Support S1 378.60 -2.70%
S2 371.45 -4.54%
S3 349.15 -10.27%

FAQ

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

Should I buy or sell Pricol Limited Stock?
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 Pricol Limited stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Pricol Limited Stock?
Pricol 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 Pricol Limited Stock.

What's the current price of Pricol Limited Stock?
As of the end of day on the 2024-03-28, the price of an Pricol Limited (PRICOLLTD.BO) share was ₹389.10.

What is the 52-week high and low for Pricol Limited Stock?
The 52-week high for Pricol Limited Stock is ₹442.30 and the 52-week low is ₹193.15.

When is the next earnings date for Pricol Limited?
The upcoming earnings date for Pricol Limited is May 08, 2024.
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