Sarla Performance Fibers Limited Stock Forecast
Volatile ride for Sarla Performance Fibers Limited stock price on Wednesday moving between ₹95.31 and ₹105.00
(Updated on Jun 26, 2024)
The Sarla Performance Fibers Limited stock price gained 8.49% on the last trading day (Wednesday, 26th Jun 2024), rising from ₹96.00 to ₹104.15. During the last trading day the stock fluctuated 10.17% from a day low at ₹95.31 to a day high of ₹105.00. The price has fallen in 6 of the last 10 days but is still up by 17.41% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 million more shares were traded than the day before. In total, 6 million shares were bought and sold for approximately ₹674.14 million.
The stock lies in the middle of a very 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 71.05% during the next 3 months and, with a 90% probability hold a price between ₹152.94 and ₹194.17 at the end of this 3-month period.
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SARLAPOLY.NS Signals & Forecast
Mostly positive signals in the chart today. The Sarla Performance Fibers 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 ₹95.51 and ₹87.94. 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 33.53%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Sarla Performance Fibers Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹98.49 and ₹86.60. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Sarla Performance Fibers Limited finds support just below today's level at ₹98.49. If this is broken, then the next support from accumulated volume will be at ₹86.60 and ₹78.30.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹9.69 between high and low, or 10.17%. For the last week, the stock has had daily average volatility of 6.95%.
Our recommended stop-loss: ₹100.53 (-3.48%) (This stock has high daily movements and this gives high risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (SARLAPOLY.NS) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Sarla Performance Fibers Limited to open at ₹101.49, and during the day (based on 14 day Average True Range), to move between ₹97.98 and ₹110.32, which gives a possible trading interval of +/-₹6.17 (+/-5.92%) up or down from last closing price. If Sarla Performance Fibers Limited takes out the full calculated possible swing range there will be an estimated 11.85% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₹98.49, some ₹5.66 (5.43%) from the current price of ₹104.15, our system finds the risk reward attractive.
Is Sarla Performance Fibers Limited stock A Buy?
Sarla Performance Fibers Limited holds several positive signals and is within a strong 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 Buy to a Strong Buy candidate.
Current score: 8.306 Strong Buy Candidate Upgraded
Predicted Opening Price for Sarla Performance Fibers Limited of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| ₹101.49 ( 2.56%) | ₹104.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SARLAPOLY.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 111.18 | 6.75% |
| R2 | 107.48 | 3.19% |
| R1 | 105.19 | 1.00% |
| Price | 104.15 | |
| S1 | 97.79 | -6.11% |
| S2 | 95.50 | -8.31% |
| S3 | 91.80 | -11.86% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 104.15 | |
| S1 | 98.49 | -5.43% |
| S2 | 86.60 | -16.85% |
| S3 | 78.30 | -24.82% |
SARLAPOLY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 20, 2022 | Sep 20, 2022 | Sep 20, 2022 | ₹2.00 | 3.73% |
| 2 | May 23, 2019 | Sep 18, 2019 | Sep 27, 2019 | ₹1.10 | 5.10% |
| 3 | May 29, 2018 | Sep 18, 2018 | Oct 28, 2018 | ₹1.10 | 3.65% |
| 4 | May 27, 2017 | Sep 21, 2017 | Oct 29, 2017 | ₹1.10 | 1.86% |
| 5 | May 30, 2016 | Sep 22, 2016 | Oct 30, 2016 | ₹0.250 | 0.339% |
FAQ
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