Ruchira Papers 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
Ruchira Papers Limited stock downgraded from Strong Buy Candidate to Buy Candidate after Tuesday trading session.
(Updated on Jun 25, 2024)
The Ruchira Papers Limited stock price fell by -3.09% on the last day (Tuesday, 25th Jun 2024) from ₹143.85 to ₹139.40. During the last trading day the stock fluctuated 5.30% from a day low at ₹138.80 to a day high of ₹146.15. The price has risen in 7 of the last 10 days and is up by 11.61% over the past 2 weeks. Volume has increased on the last day by 1 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, 47 thousand shares were bought and sold for approximately ₹6.60 million.
The stock lies in the middle of a 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 10.76% during the next 3 months and, with a 90% probability hold a price between ₹134.49 and ₹159.59 at the end of this 3-month period.
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RUCHIRA.BO Signals & Forecast
The Ruchira Papers Limited 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 ₹137.96 and ₹127.87. 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 Monday, June 24, 2024, and so far it has fallen -3.09%. 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 Ruchira Papers Limited stock
Ruchira Papers Limited finds support from accumulated volume at ₹134.70 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₹7.35 between high and low, or 5.30%. For the last week, the stock has had daily average volatility of 5.57%.
Our recommended stop-loss: ₹135.40 (-2.87%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (RUCHIRA.BO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Ruchira Papers Limited to open at ₹141.45, and during the day (based on 14 day Average True Range), to move between ₹133.47 and ₹145.33, which gives a possible trading interval of +/-₹5.93 (+/-4.25%) up or down from last closing price. If Ruchira Papers Limited takes out the full calculated possible swing range there will be an estimated 8.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹143.85 (3.19%) than the support at ₹134.70 (3.37%), 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 Ruchira Papers 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 Ruchira Papers Limited 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: 1.772 Buy Candidate Downgraded
Predicted Opening Price for Ruchira Papers Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₹141.45 ( 1.47%) | ₹139.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RUCHIRA.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 148.80 | 6.74% |
| R2 | 145.99 | 4.73% |
| R1 | 144.26 | 3.48% |
| Price | 139.40 | |
| S1 | 138.64 | -0.544% |
| S2 | 136.91 | -1.79% |
| S3 | 134.10 | -3.80% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 143.85 | 3.19% |
| Price | 139.40 | |
| S1 | 134.70 | -3.37% |
| S2 | 134.30 | -3.66% |
| S3 | 133.35 | -4.34% |
RUCHIRA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 22, 2023 | Sep 22, 2023 | Oct 29, 2023 | ₹5.00 | 3.68% |
| 2 | Sep 08, 2022 | Sep 08, 2022 | Oct 29, 2022 | ₹1.82 | 1.45% |
| 3 | Sep 13, 2017 | Sep 13, 2017 | Oct 21, 2017 | ₹2.25 | 1.43% |
| 4 | Sep 22, 2016 | Sep 22, 2016 | Sep 22, 2016 | ₹1.50 | 1.99% |
| 5 | Sep 16, 2015 | Sep 16, 2015 | Sep 16, 2015 | ₹1.30 | 3.71% |
FAQ
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