PRIVI SPECIALITY CHEMICALS LIM Stock Forecast
Weaker technical forecast for PRIVI SPECIALITY CHEMICALS LIM as stock downgraded to Buy Candidate.
(Updated on Jun 14, 2024)
The PRIVI SPECIALITY CHEMICALS LIM stock price gained 0.0354% on the last trading day (Friday, 14th Jun 2024), rising from ₹1,271.80 to ₹1,272.25. It has now gained 4 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 1.78% from a day low at ₹1,261.10 to a day high of ₹1,283.50. The price has risen in 6 of the last 10 days and is up by 8.58% over the past 2 weeks. Volume fell on the last day by -6 thousand shares and in total, 1 thousand shares were bought and sold for approximately ₹1.36 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 lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 13.76% during the next 3 months and, with a 90% probability hold a price between ₹1,268.85 and ₹1,603.50 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
PRIVISCL.BO Signals & Forecast
The PRIVI SPECIALITY CHEMICALS LIM 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 ₹1,218.93 and ₹1,174.12. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, May 27, 2024, and so far it has risen 18.43%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 PRIVI SPECIALITY CHEMICALS LIM stock
PRIVI SPECIALITY CHEMICALS LIM finds support from accumulated volume at ₹1,259.50 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 ₹22.40 between high and low, or 1.78%. For the last week the stock has had daily average volatility of 4.20%.
Our recommended stop-loss: ₹1,235.86 (-2.86%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 82 and this increases the risk substantially. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (PRIVISCL.BO) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect PRIVI SPECIALITY CHEMICALS LIM to open at ₹1,272.28, and during the day (based on 14 day Average True Range), to move between ₹1,223.21 and ₹1,321.29, which gives a possible trading interval of +/-₹49.04 (+/-3.85%) up or down from last closing price. If PRIVI SPECIALITY CHEMICALS LIM takes out the full calculated possible swing range there will be an estimated 7.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹1,283.75 (0.90%) than the support at ₹1,259.50 (1.00%), 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 PRIVI SPECIALITY CHEMICALS LIM stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for PRIVI SPECIALITY CHEMICALS LIM stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 4.204 Buy Candidate Downgraded
Predicted Opening Price for PRIVI SPECIALITY CHEMICALS LIM of Tuesday, June 18, 2024
Fair opening price June 18, 2024 | Current price |
---|---|
₹1,272.28 ( 0.0026%) | ₹1,272.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PRIVISCL.BO
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1,294.68 | 1.76% |
R2 | 1,286.13 | 1.09% |
R1 | 1,280.84 | 0.675% |
Price | 1,272.25 | |
S1 | 1,263.73 | -0.670% |
S2 | 1,258.44 | -1.09% |
S3 | 1,249.88 | -1.76% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 1,321.40 | 3.86% |
R1 | 1,283.75 | 0.90% |
Price | 1,272.25 | |
S1 | 1,259.50 | -1.00% |
S2 | 1,035.35 | -18.62% |
S3 | 1,003.90 | -21.09% |
PRIVISCL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 24, 2024 | Jul 24, 2024 | Aug 31, 2024 | ₹2.00 | 0.157% |
2 | Sep 20, 2022 | Sep 20, 2022 | Oct 28, 2022 | ₹2.00 | 0% |
3 | Aug 21, 2020 | Aug 21, 2020 | Sep 06, 2019 | ₹216.48 | 0% |
4 | Aug 03, 2017 | Aug 03, 2017 | Sep 09, 2017 | ₹1.00 | 0% |
5 | Sep 01, 2016 | Sep 01, 2016 | Sep 01, 2016 | ₹2.50 | 0% |
FAQ
Click here for our free guide on how to buy PRIVI SPECIALITY CHEMICALS LIM Stock.