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 TAINWALCHM.NS
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Tainwala Chemicals and Plastics (India) stock price ended at ₹125.65 on Wednesday, after gaining 0.0398%.
(Updated on Mar 27, 2024)

Sell candidate since Mar 26, 2024 Gain 0.04% PDF

The Tainwala Chemicals and Plastics (India) stock price gained 0.0398% on the last trading day (Wednesday, 27th Mar 2024), rising from ₹125.60 to ₹125.65. During the last trading day the stock fluctuated 6.69% from a day low at ₹124.15 to a day high of ₹132.45. The price has fallen in 8 of the last 10 days and is down by -7.03% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 17 thousand more shares were traded than the day before. In total, 46 thousand shares were bought and sold for approximately ₹5.75 million.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -14.32% during the next 3 months and, with a 90% probability hold a price between ₹103.24 and ₹121.83 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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TAINWALCHM.NS Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, March 21, 2024, and so far it has risen 3.29%. Further rise is indicated until a new top pivot has been found. 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. The Tainwala Chemicals and Plastics (India) 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 ₹136.22. On a fall, the stock will find some support from the short-term average at ₹124.74. 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).

Support, Risk & Stop-loss for Tainwala Chemicals and Plastics (India) stock

Tainwala Chemicals and Plastics (India) finds support from accumulated volume at ₹125.60 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 ₹8.30 between high and low, or 6.69%. For the last week, the stock has had daily average volatility of 7.32%.

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

Trading Expectations (TAINWALCHM.NS) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Tainwala Chemicals and Plastics (India) Limited to open at ₹127.42, and during the day (based on 14 day Average True Range), to move between ₹117.93 and ₹133.37, which gives a possible trading interval of +/-₹7.72 (+/-6.14%) up or down from last closing price. If Tainwala Chemicals and Plastics (India) Limited takes out the full calculated possible swing range there will be an estimated 12.28% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹125.60 (0.04%) than the resistance at ₹147.05 (17.03%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Tainwala Chemicals and Plastics (India) Limited stock A Buy?

Tainwala Chemicals and Plastics (India) holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.461 Sell Candidate Unchanged

Predicted Opening Price for Tainwala Chemicals and Plastics (India) Limited of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
₹127.42 ( 1.41%) ₹125.65

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

Trading levels for TAINWALCHM.NS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 135.72 8.01 %
R2 132.55 5.49 %
R1 130.59 3.93 %
Current price: 125.65
Support S1 124.25 -1.12 %
S2 122.29 -2.68 %
S3 119.12 -5.20 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 156.35 24.43 %
R2 149.90 19.30 %
R1 147.05 17.03 %
Current price 125.65
Support S1 125.60 -0.0398%
S2 124.60 -0.84%
S3 121.65 -3.18%

TAINWALCHM Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Aug 10, 1996 Aug 19, 1996 Oct 01, 1996 ₹1.00 0%
2 Aug 09, 1995 Sep 25, 1995 Oct 01, 1995 ₹2.50 0%

FAQ

What is the symbol for Tainwala Chemicals and Plastics (India) Limited Stock and on which exchange is it traded?
The symbol for Tainwala Chemicals and Plastics (India) Limited is TAINWALCHM.NS and it is traded on the NSE (National Stock Exchange of India).

Should I buy or sell Tainwala Chemicals and Plastics (India) Limited Stock?
Tainwala Chemicals and Plastics (India) holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Tainwala Chemicals and Plastics (India) Limited Stock?
Tainwala Chemicals and Plastics (India) 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 Tainwala Chemicals and Plastics (India) Limited Stock.

What's the current price of Tainwala Chemicals and Plastics (India) Limited Stock?
As of the end of day on the 2024-03-27, the price of an Tainwala Chemicals and Plastics (India) Limited (TAINWALCHM.NS) share was ₹125.65.

What is the 52-week high and low for Tainwala Chemicals and Plastics (India) Limited Stock?
The 52-week high for Tainwala Chemicals and Plastics (India) Limited Stock is ₹166.60 and the 52-week low is ₹103.60.

What is the market capitalization of Tainwala Chemicals and Plastics (India) Limited Stock?
As of the 2024-03-27, the market capitalization of Tainwala Chemicals and Plastics (India) Limited is 1.177B.

When is the next earnings date for Tainwala Chemicals and Plastics (India) Limited?
The upcoming earnings date for Tainwala Chemicals and Plastics (India) Limited is May 08, 2024.
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About Tainwala Chemicals and Plastics (India) Limited

Tainwala Chemicals and Plastics (India) Limited manufactures and sells extruded plastic sheets in India. The company operates in two segments, Plastic Sheets and Securities Trading. It offers PVC rigid, flexible, and corrugated sheets, as well as PVC foils; and polypropylene, talc filled polypropylene, glass laminated polypropylene, polyethylene, polystyrene, acrylontrile, and copolymer sheets. The company is also involved in the securities tradi... TAINWALCHM.NS Profile

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