Raghuvansh Agrofarms Limited Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Raghuvansh Agrofarms Limited stock upgraded to Hold/Accumulate.
(Updated on May 10, 2024)
No changes to the price of Raghuvansh Agrofarms Limited stock on the last trading day (Friday, 10th May 2024). During the last trading day the stock fluctuated 0% from a day low at ₹201.00 to a day high of ₹201.00. The price has been going up and down for this period, and there has been a 0.88% gain for the last 2 weeks.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is ₹172.75, a level that may pose a second chance to hit a runner. According to fan-theory ₹308.45 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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RAFL.BO Signals & Forecast
The Raghuvansh Agrofarms 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 ₹201.07. On a fall, the stock will find some support from the long-term average at approximately ₹200.68. 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, May 03, 2024, and so far it has fallen -0.495%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Raghuvansh Agrofarms Limited stock
Raghuvansh Agrofarms Limited finds support from accumulated volume at ₹200.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved ₹0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.0995%
Our recommended stop-loss: ₹193.51 (-3.73%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (RAFL.BO) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Raghuvansh Agrofarms Limited to open at ₹201.00, and during the day (based on 14 day Average True Range), to move between ₹198.82 and ₹203.18, which gives a possible trading interval of +/-₹2.18 (+/-1.09%) up or down from last closing price. If Raghuvansh Agrofarms Limited takes out the full calculated possible swing range there will be an estimated 2.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹201.45 (0.22%) than the support at ₹200.50 (0.25%), 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 Raghuvansh Agrofarms Limited stock A Buy?
Raghuvansh Agrofarms 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Raghuvansh Agrofarms Limited of Monday, May 13, 2024
Fair opening price May 13, 2024 | Current price |
---|---|
₹201.00 ( 0%) | ₹201.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RAFL.BO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 201.00 | . | |
R2 | 201.00 | . | ||
R1 | 201.00 | . | ||
Current price: | 201.00 | |||
Support | S1 | 201.00 | . | |
S2 | 201.00 | . | ||
S3 | 201.00 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 208.00 | 3.48 % | |
R2 | 201.50 | 0.249 % | ||
R1 | 201.45 | 0.224 % | ||
Current price | 201.00 | |||
Support | S1 | 200.50 | -0.249% | |
S2 | 200.00 | -0.498% | ||
S3 | 195.00 | -2.99% |
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