Sarla Performance Fibers Limited Stock Forecast
On Friday, Sarla Performance Fibers Limited stock price gained an impressive 5.08%
(Updated on Jun 28, 2024)
The Sarla Performance Fibers Limited stock price gained 5.08% on the last trading day (Friday, 28th Jun 2024), rising from ₹98.34 to ₹103.34. During the last trading day the stock fluctuated 9.37% from a day low at ₹98.75 to a day high of ₹108.00. The price has fallen in 6 of the last 10 days but is still up by 5.41% 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, 2 million more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately ₹424.52 million.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ₹105.68 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 81.04% during the next 3 months and, with a 90% probability hold a price between ₹164.69 and ₹191.32 at the end of this 3-month period.
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SARLAPOLY.NS Signals & Forecast
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 ₹97.70 and ₹89.38. 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). Volume is rising along with the price. This is considered to be a good technical signal. 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 Wednesday, June 26, 2024, and so far it has fallen -0.778%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Sarla Performance Fibers Limited stock
Sarla Performance Fibers Limited finds support from accumulated volume at ₹98.49 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 ₹9.25 between high and low, or 9.37%. For the last week, the stock has had daily average volatility of 8.74%.
Our recommended stop-loss: ₹99.51 (-3.71%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (SARLAPOLY.NS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Sarla Performance Fibers Limited to open at ₹103.36, and during the day (based on 14 day Average True Range), to move between ₹96.73 and ₹109.95, which gives a possible trading interval of +/-₹6.61 (+/-6.40%) 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 12.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹104.15 (0.78%) than the support at ₹98.49 (4.69%), 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 Sarla Performance Fibers 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 Sarla Performance Fibers Limited stock to perform well in the short-term.
Current score: 4.171 Buy Candidate Unchanged
Predicted Opening Price for Sarla Performance Fibers Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₹103.36 ( 0.0226%) | ₹103.34 |
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 | 112.61 | 8.97% |
| R2 | 109.08 | 5.55% |
| R1 | 106.90 | 3.44% |
| Price | 103.34 | |
| S1 | 99.83 | -3.40% |
| S2 | 97.65 | -5.51% |
| S3 | 94.11 | -8.93% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 104.15 | 0.784% |
| Price | 103.34 | |
| S1 | 98.49 | -4.69% |
| S2 | 86.60 | -16.20% |
| S3 | 78.30 | -24.23% |
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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