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 RUCHIRA.NS
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Red day on Thursday for Ruchira Papers Limited
(Updated on Mar 28, 2024)

Sell candidate since Mar 15, 2024 Loss -4.23% PDF

The Ruchira Papers Limited stock price fell by -1.15% on the last day (Thursday, 28th Mar 2024) from ₹113.25 to ₹111.95. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 7.76% from a day low at ₹107.55 to a day high of ₹115.90. The price has fallen in 6 of the last 10 days and is down by -2.01% for this period. Volume has increased on the last day by 17 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, 168 thousand shares were bought and sold for approximately ₹18.84 million.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₹110.40 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -13.61% during the next 3 months and, with a 90% probability hold a price between ₹95.38 and ₹125.93 at the end of this 3-month period.

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RUCHIRA.NS Signals & Forecast

There are few to no technical positive signals at the moment. The Ruchira Papers Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₹116.01 and ₹127.82. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, January 31, 2024, and so far it has fallen -30.12%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 ₹8.35 between high and low, or 7.76%. For the last week, the stock has had daily average volatility of 4.82%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (RUCHIRA.NS) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Ruchira Papers Limited to open at ₹111.80, and during the day (based on 14 day Average True Range), to move between ₹106.18 and ₹117.72, which gives a possible trading interval of +/-₹5.77 (+/-5.16%) up or down from last closing price. If Ruchira Papers Limited takes out the full calculated possible swing range there will be an estimated 10.31% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ ₹133.30, some ₹21.35 (19.07%) from the current price of ₹111.95, our system finds the risk reward not very attractive.

Is Ruchira Papers Limited stock A Buy?

Ruchira Papers Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -5.917 Strong Sell Candidate Unchanged

Predicted Opening Price for Ruchira Papers Limited of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
₹111.80 ( 0.134%) ₹111.95

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

Trading levels for RUCHIRA.NS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 120.15 7.32 %
R2 116.96 4.48 %
R1 114.99 2.72 %
Current price: 111.95
Support S1 108.61 -2.98 %
S2 106.64 -4.74 %
S3 103.45 -7.59 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 139.45 24.56 %
R2 139.35 24.48 %
R1 133.30 19.07 %
Current price 111.95
Support S1 0 .
S2 0 .
S3 0 .

RUCHIRA Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Sep 08, 2022 Sep 08, 2022 Sep 08, 2022 ₹1.82 1.36%
2 Sep 20, 2021 Sep 20, 2021 Sep 20, 2021 ₹0.91 1.28%
3 May 27, 2019 Sep 17, 2019 Oct 04, 2019 ₹2.05 2.55%
4 May 18, 2018 Sep 19, 2018 Oct 09, 2018 ₹2.05 1.84%
5 May 22, 2017 Sep 13, 2017 Oct 21, 2017 ₹2.05 1.29%

FAQ

What is the symbol for Ruchira Papers Limited Stock and on which exchange is it traded?
The symbol for Ruchira Papers Limited is RUCHIRA.NS and it is traded on the NSE (National Stock Exchange of India).

Should I buy or sell Ruchira Papers Limited Stock?
Ruchira Papers Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy Ruchira Papers Limited Stock?
Ruchira Papers 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 Ruchira Papers Limited Stock.

What's the current price of Ruchira Papers Limited Stock?
As of the end of day on the 2024-03-28, the price of an Ruchira Papers Limited (RUCHIRA.NS) share was ₹111.95.

What is the 52-week high and low for Ruchira Papers Limited Stock?
The 52-week high for Ruchira Papers Limited Stock is ₹164.20 and the 52-week low is ₹91.80.

What is the market capitalization of Ruchira Papers Limited Stock?
As of the 2024-03-28, the market capitalization of Ruchira Papers Limited is 3.341B.

When is the next earnings date for Ruchira Papers Limited?
The upcoming earnings date for Ruchira Papers Limited is May 27, 2024.
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About Ruchira Papers Limited

Ruchira Papers Limited Ruchira Papers Limited manufactures and sells paper and paper products in India and internationally. The company offers white writing and printing papers that are used for fabrication note books and writing materials; and colored papers used in the fabrication of spiral notebooks, wedding cards, shade cards, children's coloring books, bill books, etc. It also provides Kraft papers for making corrugated boxes/cartons, as well as for other packagin... RUCHIRA.NS Profile

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