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AI Analysis of SESHAPAPER.BO
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Stronger technical forecast for Seshasayee Paper and Boards Limited stock price after Friday trading.
(Updated on Jun 14, 2024)

Buy candidate since Jun 13, 2024 Gain 2.59% PDF

The Seshasayee Paper and Boards Limited stock price gained 2.59% on the last trading day (Friday, 14th Jun 2024), rising from ₹343.75 to ₹352.65. 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 3.85% from a day low at ₹347.00 to a day high of ₹360.35. The price has risen in 7 of the last 10 days and is up by 9.96% 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, 6 thousand more shares were traded than the day before. In total, 11 thousand shares were bought and sold for approximately ₹3.78 million.

The stock lies in the upper part of a wide and weak 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 ₹361.90 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 6.60% during the next 3 months and, with a 90% probability hold a price between ₹326.14 and ₹385.80 at the end of this 3-month period.

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SESHAPAPER.BO Signals & Forecast

Mostly positive signals in the chart today. The Seshasayee Paper and Boards 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 ₹337.10 and ₹327.98. 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 16.44%. 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 Seshasayee Paper and Boards Limited stock

Seshasayee Paper and Boards Limited finds support from accumulated volume at ₹349.15 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 ₹13.35 between high and low, or 3.85%. For the last week, the stock has had daily average volatility of 4.79%.

Our recommended stop-loss: ₹339.60 (-3.70%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 33 days ago.)

Trading Expectations (SESHAPAPER.BO) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Seshasayee Paper and Boards Limited to open at ₹353.33, and during the day (based on 14 day Average True Range), to move between ₹337.88 and ₹367.42, which gives a possible trading interval of +/-₹14.77 (+/-4.19%) up or down from last closing price. If Seshasayee Paper and Boards Limited takes out the full calculated possible swing range there will be an estimated 8.38% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ ₹349.15, some ₹3.50 (0.99%) from the current price of ₹352.65, our system finds the risk reward attractive.

Is Seshasayee Paper and Boards Limited stock A Buy?

Seshasayee Paper and Boards 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 Buy to a Strong Buy candidate.

Current score: 5.044 Strong Buy Candidate Upgraded

Predicted Opening Price for Seshasayee Paper and Boards Limited of Tuesday, June 18, 2024

Fair opening price June 18, 2024 Current price
₹353.33 ( 0.194%) ₹352.65

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

Trading levels for SESHAPAPER.BO

Fibonacci Support & Resistance Levels

Level Price
R3 366.68 3.98%
R2 361.58 2.53%
R1 358.43 1.64%
Price 352.65
S1 348.23 -1.25%
S2 345.08 -2.15%
S3 339.98 -3.59%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 0 -
R1 0 -
Price 352.65
S1 349.15 -0.99%
S2 335.05 -4.99%
S3 299.40 -15.10%

SESHAPAPER Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 22, 2024 May 22, 2024 Jul 01, 2024 ₹5.00 1.42%
2 Jun 07, 2023 Jun 07, 2023 Jul 17, 2023 ₹6.00 2.02%
3 Jul 18, 2017 Jul 18, 2017 Aug 28, 2017 ₹10.00 7.39%
4 Jul 14, 2016 Jul 14, 2016 Jul 14, 2016 ₹5.00 8.31%
5 Jul 21, 2015 Jul 21, 2015 Jul 21, 2015 ₹4.00 9.69%

FAQ

What is the symbol for Seshasayee Paper and Boards Limited Stock and on which exchange is it traded?
The symbol for Seshasayee Paper and Boards Limited is SESHAPAPER.BO and it is traded on the XBOM (Bombay Stock Exchange).

Should I buy or sell Seshasayee Paper and Boards Limited Stock?
Seshasayee Paper and Boards 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 Buy to a Strong Buy candidate.

How to buy Seshasayee Paper and Boards Limited Stock?
Seshasayee Paper and Boards 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 Seshasayee Paper and Boards Limited Stock.

What's the current price of Seshasayee Paper and Boards Limited Stock?
As of the end of day on the Jun 14, 2024, the price of an Seshasayee Paper and Boards Limited (SESHAPAPER.BO) share was ₹352.65.

What is the 52-week high and low for Seshasayee Paper and Boards Limited Stock?
The 52-week high for Seshasayee Paper and Boards Limited Stock is ₹421.75 and the 52-week low is ₹255.10.

What is the market capitalization of Seshasayee Paper and Boards Limited Stock?
As of the Jun 14, 2024, the market capitalization of Seshasayee Paper and Boards Limited is 22.241B.

When is the next earnings date for Seshasayee Paper and Boards Limited?
The upcoming earnings date for Seshasayee Paper and Boards Limited is Jul 20, 2024.
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