Shree Pushkar Chemicals & Fertilisers Stock Forecast
Strong day for Shree Pushkar Chemicals & Fertilisers stock price on Friday rising 5.76% to ₹210.55
(Updated on Jun 28, 2024)
The Shree Pushkar Chemicals & Fertilisers stock price gained 5.76% on the last trading day (Friday, 28th Jun 2024), rising from ₹199.08 to ₹210.55. During the last trading day the stock fluctuated 7.25% from a day low at ₹198.41 to a day high of ₹212.80. The price has been going up and down for this period, and there has been a 5.11% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 37 thousand more shares were traded than the day before. In total, 116 thousand shares were bought and sold for approximately ₹24.34 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 12.49% during the next 3 months and, with a 90% probability hold a price between ₹195.14 and ₹254.22 at the end of this 3-month period.
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SHREEPUSHK.NS Signals & Forecast
The Shree Pushkar Chemicals & Fertilisers stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₹211.60. On a fall, the stock will find some support from the long-term average at approximately ₹188.62. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Thursday, June 20, 2024, and so far it has fallen -5.82%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Shree Pushkar Chemicals & Fertilisers stock
Shree Pushkar Chemicals & Fertilisers finds support from accumulated volume at ₹204.80 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 ₹14.39 between high and low, or 7.25%. For the last week, the stock has had daily average volatility of 4.89%.
Our recommended stop-loss: ₹202.28 (-3.93%) (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 (SHREEPUSHK.NS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Shree Pushkar Chemicals & Fertilisers Limited to open at ₹207.25, and during the day (based on 14 day Average True Range), to move between ₹200.25 and ₹220.85, which gives a possible trading interval of +/-₹10.30 (+/-4.89%) up or down from last closing price. If Shree Pushkar Chemicals & Fertilisers Limited takes out the full calculated possible swing range there will be an estimated 9.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹211.22 (0.32%) than the support at ₹204.80 (2.73%), 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 Shree Pushkar Chemicals & Fertilisers 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 Shree Pushkar Chemicals & Fertilisers stock to perform well in the short-term.
Current score: 2.165 Buy Candidate Unchanged
Predicted Opening Price for Shree Pushkar Chemicals & Fertilisers Limited of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
₹207.25 ( 1.57%) | ₹210.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SHREEPUSHK.NS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 221.64 | 5.27% |
R2 | 216.15 | 2.66% |
R1 | 212.75 | 1.05% |
Price | 210.55 | |
S1 | 201.76 | -4.18% |
S2 | 198.36 | -5.79% |
S3 | 192.86 | -8.40% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 223.57 | 6.18% |
R2 | 223.32 | 6.07% |
R1 | 211.22 | 0.318% |
Price | 210.55 | |
S1 | 204.80 | -2.73% |
S2 | 200.31 | -4.86% |
S3 | 196.00 | -6.91% |
SHREEPUSHK Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 22, 2023 | Sep 22, 2023 | Oct 30, 2023 | ₹1.50 | 0.759% |
2 | Sep 21, 2022 | Sep 21, 2022 | Sep 21, 2022 | ₹2.00 | 0.82% |
3 | Sep 19, 2022 | Sep 19, 2022 | Sep 19, 2022 | ₹2.00 | 0.82% |
4 | Sep 16, 2021 | Sep 16, 2021 | Sep 16, 2021 | ₹1.00 | 0.442% |
5 | Feb 14, 2020 | Feb 27, 2020 | Mar 15, 2020 | ₹0.500 | 0.613% |
FAQ
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