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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: [ 25 - 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 STARCEMENT.BO
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Green day on Monday for Star Cement Limited
(Updated on Jun 10, 2024)

Buy candidate since Jun 07, 2024 Gain 1.32% PDF

The Star Cement Limited stock price gained 1.32% on the last trading day (Monday, 10th Jun 2024), rising from ₹219.20 to ₹222.10. It has now gained 4 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 3.76% from a day low at ₹215.30 to a day high of ₹223.40. The price has risen in 8 of the last 10 days and is up by 3.11% over the past 2 weeks. Volume fell on the last day by -6 thousand shares and in total, 55 thousand shares were bought and sold for approximately ₹12.16 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Star Cement Limited stock with a 90% probability to be traded between ₹208.10 and ₹249.82 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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STARCEMENT.BO Signals & Forecast

There are mixed signals in the stock today. The Star Cement Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₹222.92. On a fall, the stock will find some support from the short-term average at ₹214.04. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 8.71%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Star Cement Limited stock

Star Cement Limited finds support from accumulated volume at ₹220.25 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 ₹8.10 between high and low, or 3.76%. For the last week, the stock has had daily average volatility of 6.52%.

Our recommended stop-loss: ₹211.45 (-4.79%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 14 days ago.)

Trading Expectations (STARCEMENT.BO) For The Upcoming Trading Day Of Tuesday 11th

For the upcoming trading day on Tuesday, 11th we expect Star Cement Limited to open at ₹220.27, and during the day (based on 14 day Average True Range), to move between ₹211.39 and ₹232.81, which gives a possible trading interval of +/-₹10.71 (+/-4.82%) up or down from last closing price. If Star Cement Limited takes out the full calculated possible swing range there will be an estimated 9.64% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹220.25 (0.83%) than the resistance at ₹232.50 (4.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Star Cement Limited stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Star Cement Limited stock to perform well in the short-term period.

Current score: 1.873 Buy Candidate Unchanged

Predicted Opening Price for Star Cement Limited of Tuesday, June 11, 2024

Fair opening price June 11, 2024 Current price
₹220.27 ( 0.83%) ₹222.10

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

Trading levels for STARCEMENT.BO

Fibonacci Support & Resistance Levels

Level Price
R3 228.37 2.82%
R2 225.27 1.43%
R1 223.36 0.568%
Price 222.10
S1 217.17 -2.22%
S2 215.26 -3.08%
S3 212.17 -4.47%

Accumulated Volume Support & Resistance Levels

Level Price
R3 237.00 6.71%
R2 236.20 6.35%
R1 232.50 4.68%
Price 222.10
S1 220.25 -0.83%
S2 217.15 -2.23%
S3 216.25 -2.63%

STARCEMENT Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 17, 2020 Feb 17, 2020 Mar 07, 2020 ₹1.00 1.21%

FAQ

What is the symbol for Star Cement Limited Stock and on which exchange is it traded?
The symbol for Star Cement Limited is STARCEMENT.BO and it is traded on the XBOM (Bombay Stock Exchange).

Should I buy or sell Star Cement Limited Stock?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Star Cement Limited stock to perform well in the short-term period.

How to buy Star Cement Limited Stock?
Star Cement 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 Star Cement Limited Stock.

What's the current price of Star Cement Limited Stock?
As of the end of day on the Jun 10, 2024, the price of an Star Cement Limited (STARCEMENT.BO) share was ₹222.10.

What is the 52-week high and low for Star Cement Limited Stock?
The 52-week high for Star Cement Limited Stock is ₹255.95 and the 52-week low is ₹138.35.

What is the market capitalization of Star Cement Limited Stock?
As of the Jun 10, 2024, the market capitalization of Star Cement Limited is 88.596B.

When is the next earnings date for Star Cement Limited?
The upcoming earnings date for Star Cement Limited is Aug 06, 2024.
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