Shreyas Shipping and Logistics Limited Stock Forecast
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:
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
On Friday, Shreyas Shipping and Logistics Limited stock price gained an impressive 6.17%
(Updated on Jun 14, 2024)
The Shreyas Shipping and Logistics Limited stock price gained 6.17% on the last trading day (Friday, 14th Jun 2024), rising from ₹327.60 to ₹347.80. During the last trading day the stock fluctuated 8.73% from a day low at ₹324.65 to a day high of ₹353.00. The price has been going up and down for this period, and there has been a 14.13% 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, 12 thousand more shares were traded than the day before. In total, 15 thousand shares were bought and sold for approximately ₹5.05 million.
The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at ₹328.78, a level that may pose a second chance to hit a runner. According to fan-theory ₹370.89 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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SHREYAS.BO Signals & Forecast
Mostly positive signals in the chart today. The Shreyas Shipping and Logistics 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 ₹328.16 and ₹303.18. 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 24.95%. 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 Shreyas Shipping and Logistics Limited stock
Shreyas Shipping and Logistics Limited finds support from accumulated volume at ₹340.50 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 ₹28.35 between high and low, or 8.73%. For the last week, the stock has had daily average volatility of 4.93%.
Our recommended stop-loss: ₹334.65 (-3.78%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (SHREYAS.BO) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Shreyas Shipping and Logistics Limited to open at ₹341.82, and during the day (based on 14 day Average True Range), to move between ₹329.21 and ₹366.39, which gives a possible trading interval of +/-₹18.59 (+/-5.34%) up or down from last closing price. If Shreyas Shipping and Logistics Limited takes out the full calculated possible swing range there will be an estimated 10.69% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₹340.50, some ₹7.30 (2.10%) from the current price of ₹347.80, our system finds the risk reward attractive.
Is Shreyas Shipping and Logistics Limited stock A Buy?
Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Shreyas Shipping and Logistics Limited stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 8.094 Strong Buy Candidate Upgraded
Predicted Opening Price for Shreyas Shipping and Logistics Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ₹341.82 ( 1.72%) | ₹347.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SHREYAS.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 370.17 | 6.43% |
| R2 | 359.34 | 3.32% |
| R1 | 352.65 | 1.39% |
| Price | 347.80 | |
| S1 | 330.99 | -4.83% |
| S2 | 324.30 | -6.76% |
| S3 | 313.47 | -9.87% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 347.80 | |
| S1 | 340.50 | -2.10% |
| S2 | 302.20 | -13.11% |
| S3 | 302.05 | -13.15% |
SHREYAS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 07, 2023 | Sep 07, 2023 | Oct 14, 2023 | ₹1.50 | 0% |
| 2 | Sep 13, 2022 | Sep 13, 2022 | Sep 26, 2022 | ₹2.50 | 0% |
| 3 | Jul 12, 2017 | Jul 12, 2017 | Aug 20, 2017 | ₹1.00 | 0% |
| 4 | Jul 12, 2016 | Jul 12, 2016 | Jul 12, 2016 | ₹1.30 | 0% |
| 5 | Jul 09, 2015 | Jul 09, 2015 | Jul 09, 2015 | ₹1.30 | 0% |
FAQ
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