Sarda Energy & Minerals 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
Stronger technical forecast for Sarda Energy & Minerals Limited stock price after Friday trading.
(Updated on May 03, 2024)
The Sarda Energy & Minerals Limited stock price gained 1.35% on the last trading day (Friday, 3rd May 2024), rising from ₹263.90 to ₹267.45. During the last trading day the stock fluctuated 7.13% from a day low at ₹265.05 to a day high of ₹283.95. The price has risen in 7 of the last 10 days and is up by 20.07% over the past 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 3 million shares were bought and sold for approximately ₹706.35 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.
Given the current short-term trend, the stock is expected to rise 6.26% during the next 3 months and, with a 90% probability hold a price between ₹204.21 and ₹284.20 at the end of this 3-month period.
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SARDAEN.NS Signals & Forecast
Mostly positive signals in the chart today. The Sarda Energy & Minerals 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 ₹245.11 and ₹219.39. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 13, 2024, and so far it has risen 45.95%. 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.
Support, Risk & Stop-loss for Sarda Energy & Minerals Limited stock
Sarda Energy & Minerals Limited finds support from accumulated volume at ₹263.90 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 ₹18.90 between high and low, or 7.13%. For the last week, the stock has had daily average volatility of 5.00%.
The Sarda Energy & Minerals Limited stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: ₹259.48 (-2.98%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 34 days ago.)
Trading Expectations (SARDAEN.NS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Sarda Energy & Minerals Limited to open at ₹272.15, and during the day (based on 14 day Average True Range), to move between ₹256.06 and ₹278.84, which gives a possible trading interval of +/-₹11.39 (+/-4.26%) up or down from last closing price. If Sarda Energy & Minerals Limited takes out the full calculated possible swing range there will be an estimated 8.52% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₹263.90, some ₹3.55 (1.33%) from the current price of ₹267.45, our system finds the risk reward attractive.
Is Sarda Energy & Minerals Limited stock A Buy?
Sarda Energy & Minerals Limited holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.
Current score: 5.822 Strong Buy Candidate Upgraded
Predicted Opening Price for Sarda Energy & Minerals Limited of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ₹272.15 ( 1.76%) | ₹267.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SARDAEN.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 291.05 | 8.82 % | |
| R2 | 283.83 | 6.12 % | ||
| R1 | 279.37 | 4.46 % | ||
| Current price: | 267.45 | |||
| Support | S1 | 264.93 | -0.94 % | |
| S2 | 260.47 | -2.61 % | ||
| S3 | 253.25 | -5.31 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 267.45 | |||
| Support | S1 | 263.90 | -1.33% | |
| S2 | 230.10 | -13.97% | ||
| S3 | 217.10 | -18.83% |
SARDAEN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 08, 2023 | Sep 08, 2023 | Sep 08, 2023 | ₹0.750 | 0.313% |
| 2 | May 05, 2022 | May 05, 2022 | May 05, 2022 | ₹7.50 | 0.628% |
| 3 | Aug 18, 2021 | Aug 18, 2021 | Aug 18, 2021 | ₹7.50 | 1.01% |
| 4 | Sep 10, 2020 | Sep 10, 2020 | Sep 10, 2020 | ₹5.00 | 2.05% |
| 5 | May 25, 2019 | Aug 14, 2019 | Oct 20, 2019 | ₹5.00 | 3.11% |
FAQ
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