Tips Industries 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
Tips Industries Limited stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on May 03, 2024)
The Tips Industries Limited stock price fell by -0.697% on the last day (Friday, 3rd May 2024) from ₹444.65 to ₹441.55. During the last trading day the stock fluctuated 3.30% from a day low at ₹437.40 to a day high of ₹451.85. The price has fallen in 6 of the last 10 days and is down by -4.92% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -81 thousand shares and in total, 83 thousand shares were bought and sold for approximately ₹36.66 million.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at ₹431.50 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Tips Industries Limited stock with a 90% probability to be traded between ₹435.70 and ₹527.56 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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TIPSINDLTD.NS Signals & Forecast
There are mixed signals in the stock today. The Tips Industries 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 ₹457.07 and ₹463.28. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Wednesday, March 13, 2024, and so far it has risen 3.01%. 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).
Support, Risk & Stop-loss for Tips Industries Limited stock
Tips Industries Limited finds support from accumulated volume at ₹428.65 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ₹14.45 between high and low, or 3.30%. For the last week the stock has had daily average volatility of 3.32%.
Our recommended stop-loss: ₹417.01 (-5.56%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 34 days ago.)
Trading Expectations (TIPSINDLTD.NS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Tips Industries Limited to open at ₹443.60, and during the day (based on 14 day Average True Range), to move between ₹426.32 and ₹456.78, which gives a possible trading interval of +/-₹15.23 (+/-3.45%) up or down from last closing price. If Tips Industries Limited takes out the full calculated possible swing range there will be an estimated 6.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹428.65 (2.92%) than the resistance at ₹472.25 (6.95%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Tips Industries 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 Tips Industries 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 Hold/Accumulate to a Buy candidate.
Current score: 1.191 Buy Candidate Upgraded
Predicted Opening Price for Tips Industries Limited of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ₹443.60 ( 0.464%) | ₹441.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TIPSINDLTD.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 458.05 | 3.74 % | |
| R2 | 452.53 | 2.49 % | ||
| R1 | 449.12 | 1.71 % | ||
| Current price: | 441.55 | |||
| Support | S1 | 438.08 | -0.786 % | |
| S2 | 434.67 | -1.56 % | ||
| S3 | 429.15 | -2.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 484.25 | 9.67 % | |
| R2 | 481.20 | 8.98 % | ||
| R1 | 472.25 | 6.95 % | ||
| Current price | 441.55 | |||
| Support | S1 | 428.65 | -2.92% | |
| S2 | 413.60 | -6.33% | ||
| S3 | 406.95 | -7.84% |
TIPSINDLTD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 01, 2024 | Feb 01, 2024 | Feb 16, 2024 | ₹3.00 | 0.620% |
| 2 | Oct 31, 2023 | Oct 31, 2023 | Oct 31, 2023 | ₹2.00 | 0.564% |
| 3 | Aug 04, 2023 | Aug 04, 2023 | Aug 21, 2023 | ₹1.50 | 0.508% |
| 4 | Aug 03, 2023 | Aug 03, 2023 | Aug 03, 2023 | ₹0.500 | 0.174% |
| 5 | Aug 19, 2022 | Aug 19, 2022 | Aug 19, 2022 | ₹0.200 | 0.127% |
FAQ
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