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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: [ 20 - 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 SHK.NS
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S H Kelkar and Company Limited stock downgraded to Sell Candidate
(Updated on May 06, 2024)

Sell candidate since May 06, 2024 PDF

The S H Kelkar and Company Limited stock price fell by -3.99% on the last day (Monday, 6th May 2024) from ₹196.55 to ₹188.70. During the last trading day the stock fluctuated 6.70% from a day low at ₹187.45 to a day high of ₹200.00. The price has fallen in 5 of the last 10 days and is down by -10.33% for this period. Volume has increased on the last day by 119 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 450 thousand shares were bought and sold for approximately ₹84.84 million.

The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect S H Kelkar and Company Limited stock with a 90% probability to be traded between ₹174.33 and ₹226.78 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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SHK.NS Signals & Forecast

There are few to no technical positive signals at the moment. The S H Kelkar and Company Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₹197.68 and ₹203.42. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -15.65%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for S H Kelkar and Company Limited stock

S H Kelkar and Company Limited finds support from accumulated volume at ₹187.55 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 ₹12.55 between high and low, or 6.70%. For the last week, the stock has had daily average volatility of 3.06%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SHK.NS) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect S H Kelkar and Company Limited to open at ₹192.05, and during the day (based on 14 day Average True Range), to move between ₹179.15 and ₹198.25, which gives a possible trading interval of +/-₹9.55 (+/-5.06%) up or down from last closing price. If S H Kelkar and Company Limited takes out the full calculated possible swing range there will be an estimated 10.12% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹187.55 (0.61%) than the resistance at ₹200.20 (6.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is S H Kelkar and Company Limited stock A Buy?

S H Kelkar and Company Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.445 Sell Candidate Downgraded

Predicted Opening Price for S H Kelkar and Company Limited of Tuesday, May 7, 2024

Fair opening price May 7, 2024 Current price
₹192.05 ( 1.78%) ₹188.70

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

Trading levels for SHK.NS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 204.60 8.43 %
R2 199.81 5.89 %
R1 196.84 4.32 %
Current price: 188.70
Support S1 187.26 -0.765 %
S2 184.29 -2.33 %
S3 179.50 -4.88 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 223.70 18.55 %
R2 207.70 10.07 %
R1 200.20 6.09 %
Current price 188.70
Support S1 187.55 -0.609%
S2 185.20 -1.85%
S3 170.70 -9.54%

SHK Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 12, 2024 Apr 12, 2024 Apr 28, 2024 ₹0.750 0.364%
2 Aug 03, 2023 Aug 03, 2023 Aug 03, 2023 ₹2.00 1.58%
3 Aug 02, 2022 Aug 02, 2022 Aug 02, 2022 ₹0.750 0.531%
4 Aug 02, 2021 Aug 02, 2021 Aug 02, 2021 ₹0.750 0.433%
5 Nov 19, 2020 Nov 19, 2020 Nov 19, 2020 ₹1.00 0.792%

FAQ

What is the symbol for S H Kelkar and Company Limited Stock and on which exchange is it traded?
The symbol for S H Kelkar and Company Limited is SHK.NS and it is traded on the NSE (National Stock Exchange of India).

Should I buy or sell S H Kelkar and Company Limited Stock?
S H Kelkar and Company Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy S H Kelkar and Company Limited Stock?
S H Kelkar and Company 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 S H Kelkar and Company Limited Stock.

What's the current price of S H Kelkar and Company Limited Stock?
As of the end of day on the May 06, 2024, the price of an S H Kelkar and Company Limited (SHK.NS) share was ₹188.70.

What is the 52-week high and low for S H Kelkar and Company Limited Stock?
The 52-week high for S H Kelkar and Company Limited Stock is ₹34.05 and the 52-week low is ₹23.69.

What is the market capitalization of S H Kelkar and Company Limited Stock?
As of the May 06, 2024, the market capitalization of S H Kelkar and Company Limited is 26.12B.

When is the next earnings date for S H Kelkar and Company Limited?
The upcoming earnings date for S H Kelkar and Company Limited is May 28, 2024.
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About S H Kelkar and Company Limited

S H Kelkar and Company Limited S H Kelkar and Company Limited, together with its subsidiaries, manufactures and supplies fragrances, flavors, and aroma ingredients in India. Its fragrances are used in personal care, hair care, skin care and cosmetic, fabric care, and household products, as well as in fine fragrances; and flavors are used in dairy, beverage, confectionery, bakery, pharmaceutical, nutraceutical, and savory products. The company markets its products under the SHK... SHK.NS Profile

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