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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:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

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

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 SALONA.NS
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Green day on Friday for Salona Cotspin Ltd stock after gaining 0.636%
(Updated on Jun 21, 2024)

Buy candidate since Jun 11, 2024 Gain 5.09% PDF

The Salona Cotspin Ltd stock price gained 0.636% on the last trading day (Friday, 21st Jun 2024), rising from ₹306.60 to ₹308.55. It has now gained 3 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 3.33% from a day low at ₹300.00 to a day high of ₹310.00. The price has risen in 8 of the last 10 days and is up by 8.43% over the past 2 weeks. Volume fell on the last day by -11 thousand shares and in total, 11 thousand shares were bought and sold for approximately ₹3.37 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 stockhas broken the 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 ₹306.03, a level that may pose a second chance to hit a runner. According to fan-theory ₹353.70 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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SALONA.NS Signals & Forecast

Mostly positive signals in the chart today. The Salona Cotspin 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 ₹303.12 and ₹293.75. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 17.86%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Wednesday, October 04, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Wednesday, October 04, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Salona Cotspin Ltd stock

Salona Cotspin Ltd finds support from accumulated volume at ₹307.40 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 ₹10.00 between high and low, or 3.33%. For the last week, the stock has had daily average volatility of 3.72%.

Our recommended stop-loss: ₹298.80 (-3.16%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 53 days ago.)

Trading Expectations (SALONA.NS) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect Salona Cotspin Ltd to open at ₹306.18, and during the day (based on 14 day Average True Range), to move between ₹295.28 and ₹321.82, which gives a possible trading interval of +/-₹13.27 (+/-4.30%) up or down from last closing price. If Salona Cotspin Ltd takes out the full calculated possible swing range there will be an estimated 8.60% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹307.40 (0.37%) than the resistance at ₹309.90 (0.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Salona Cotspin Ltd stock A Buy?

Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.

Current score: 1.936 Buy Candidate Unchanged

Predicted Opening Price for Salona Cotspin Ltd of Monday, June 24, 2024

Fair opening price June 24, 2024 Current price
₹306.18 ( 0.767%) ₹308.55

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

Trading levels for SALONA.NS

Fibonacci Support & Resistance Levels

Level Price
R3 316.18 2.47%
R2 312.36 1.24%
R1 310.00 0.471%
Price 308.55
S1 302.36 -2.01%
S2 300.00 -2.77%
S3 296.18 -4.01%

Accumulated Volume Support & Resistance Levels

Level Price
R3 315.80 2.35%
R2 311.40 0.92%
R1 309.90 0.438%
Price 308.55
S1 307.40 -0.373%
S2 306.60 -0.632%
S3 301.80 -2.19%

SALONA Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Sep 18, 2023 Sep 18, 2023 Sep 18, 2023 ₹1.20 0.458%
2 Sep 20, 2022 Sep 20, 2022 Sep 20, 2022 ₹1.20 0.432%
3 Sep 08, 2021 Sep 08, 2021 Sep 08, 2021 ₹1.00 0.494%
4 May 27, 2019 Sep 04, 2019 Oct 12, 2019 ₹0.600 0.82%
5 Sep 14, 2018 Sep 14, 2018 Sep 14, 2018 ₹0.600 0.610%

FAQ

What is the symbol for Salona Cotspin Ltd Stock and on which exchange is it traded?
The symbol for Salona Cotspin Ltd is SALONA.NS and it is traded on the NSE (National Stock Exchange of India).

Should I buy or sell Salona Cotspin Ltd Stock?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.

How to buy Salona Cotspin Ltd Stock?
Salona Cotspin Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Salona Cotspin Ltd Stock.

What's the current price of Salona Cotspin Ltd Stock?
As of the end of day on the Jun 21, 2024, the price of an Salona Cotspin Ltd (SALONA.NS) share was ₹308.55.

What is the 52-week high and low for Salona Cotspin Ltd Stock?
The 52-week high for Salona Cotspin Ltd Stock is ₹357.00 and the 52-week low is ₹250.00.

What is the market capitalization of Salona Cotspin Ltd Stock?
As of the Jun 21, 2024, the market capitalization of Salona Cotspin Ltd is 1.624B.

When is the next earnings date for Salona Cotspin Ltd?
The upcoming earnings date for Salona Cotspin Ltd is Sep 27, 2024.
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About Salona Cotspin Ltd

Salona Cotspin Limited produces and sells cotton yarn, knitted fabrics, and garments in India. The company offers ring spin, open end, slub, hank, and compact cotton and blend yarn products. It also provides grey, dyed, and printed fabrics; and knitwear apparels. The company also exports its products. Salona Cotspin Limited was incorporated in 1994 and is based in Coimbatore, India.... SALONA.NS Profile

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