Punjab Chemicals and Crop Protection Ltd Stock Forecast
Red day on Tuesday for Punjab Chemicals and Crop Protection Ltd
(Updated on Jun 25, 2024)
The Punjab Chemicals and Crop Protection Ltd stock price fell by -3.03% on the last day (Tuesday, 25th Jun 2024) from ₹1,368.25 to ₹1,326.85. During the last trading day the stock fluctuated 8.69% from a day low at ₹1,319.35 to a day high of ₹1,434.00. The price has risen in 7 of the last 10 days and is up by 18.21% over the past 2 weeks. Volume has increased on the last day by 6 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 50 thousand shares were bought and sold for approximately ₹65.98 million.
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 15.52% during the next 3 months and, with a 90% probability hold a price between ₹1,257.11 and ₹1,639.25 at the end of this 3-month period.
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PUNJABCHEM.NS Signals & Forecast
The Punjab Chemicals and Crop Protection Ltd 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 ₹1,293.37 and ₹1,110.64. 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). 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, June 21, 2024, and so far it has fallen -6.09%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Punjab Chemicals and Crop Protection Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹1,247.40 and ₹1,127.65. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Punjab Chemicals and Crop Protection Ltd finds support just below today's level at ₹1,247.40. If this is broken, then the next support from accumulated volume will be at ₹1,127.65 and ₹1,086.45.
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 ₹114.65 between high and low, or 8.69%. For the last week, the stock has had daily average volatility of 7.78%.
Our recommended stop-loss: ₹1,276.96 (-3.76%) (This stock has high daily movements and this gives high risk. The RSI14 is 79 and this increases the risk substantially. There is a sell signal from a pivot top found 31 days ago.)
Trading Expectations (PUNJABCHEM.NS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Punjab Chemicals and Crop Protection Limited to open at ₹1,360.07, and during the day (based on 14 day Average True Range), to move between ₹1,260.43 and ₹1,393.27, which gives a possible trading interval of +/-₹66.42 (+/-5.01%) up or down from last closing price. If Punjab Chemicals and Crop Protection Limited takes out the full calculated possible swing range there will be an estimated 10.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹1,368.25 (3.12%) than the support at ₹1,247.40 (5.99%), 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 Punjab Chemicals and Crop Protection Limited 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 Punjab Chemicals and Crop Protection Ltd stock to perform well in the short-term.
Current score: 3.023 Buy Candidate Unchanged
Predicted Opening Price for Punjab Chemicals and Crop Protection Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₹1,360.07 ( 2.50%) | ₹1,326.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PUNJABCHEM.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,474.72 | 11.14% |
| R2 | 1,430.92 | 7.84% |
| R1 | 1,403.86 | 5.80% |
| Price | 1,326.85 | |
| S1 | 1,316.27 | -0.797% |
| S2 | 1,289.21 | -2.84% |
| S3 | 1,245.42 | -6.14% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,412.90 | 6.49% |
| R2 | 1,370.00 | 3.25% |
| R1 | 1,368.25 | 3.12% |
| Price | 1,326.85 | |
| S1 | 1,247.40 | -5.99% |
| S2 | 1,127.65 | -15.01% |
| S3 | 1,086.45 | -18.12% |
PUNJABCHEM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 27, 2023 | Jul 27, 2023 | Jul 27, 2023 | ₹3.00 | 0.353% |
| 2 | Aug 01, 2022 | Aug 01, 2022 | Aug 01, 2022 | ₹3.00 | 0.223% |
| 3 | Aug 03, 2021 | Aug 03, 2021 | Aug 03, 2021 | ₹2.00 | 0.140% |
| 4 | Sep 16, 2020 | Sep 16, 2020 | Sep 16, 2020 | ₹1.50 | 0.236% |
| 5 | May 10, 2019 | Aug 01, 2019 | Sep 12, 2019 | ₹1.50 | 0.273% |
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