Tokyo Plast International Limited Stock Forecast
Green day on Wednesday for Tokyo Plast International Limited stock after gaining 3.28%
(Updated on Jul 03, 2024)
The Tokyo Plast International Limited stock price gained 3.28% on the last trading day (Wednesday, 3rd Jul 2024), rising from ₹121.50 to ₹125.49. It has now gained 3 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 9.43% from a day low at ₹119.21 to a day high of ₹130.45. The price has risen in 7 of the last 10 days and is up by 15.33% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 315 thousand more shares were traded than the day before. In total, 475 thousand shares were bought and sold for approximately ₹59.60 million.
The stock lies in the middle of a very wide and weak 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 3.01% during the next 3 months and, with a 90% probability hold a price between ₹101.99 and ₹137.67 at the end of this 3-month period.
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TOKYOPLAST.NS Signals & Forecast
Mostly positive signals in the chart today. The Tokyo Plast International 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 ₹118.37 and ₹109.09. 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 28.38%. 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 Tokyo Plast International Limited stock
Tokyo Plast International Limited finds support from accumulated volume at ₹121.50 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 ₹11.24 between high and low, or 9.43%. For the last week, the stock has had daily average volatility of 6.92%.
Our recommended stop-loss: ₹121.02 (-3.56%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 42 days ago.)
Trading Expectations (TOKYOPLAST.NS) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Tokyo Plast International Limited to open at ₹125.05, and during the day (based on 14 day Average True Range), to move between ₹119.22 and ₹131.76, which gives a possible trading interval of +/-₹6.27 (+/-5.00%) up or down from last closing price. If Tokyo Plast International Limited takes out the full calculated possible swing range there will be an estimated 9.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹121.50 (3.18%) than the resistance at ₹131.00 (4.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Tokyo Plast International Limited stock A Buy?
Tokyo Plast International Limited holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 6.439 Strong Buy Candidate Unchanged
Predicted Opening Price for Tokyo Plast International Limited of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| ₹125.05 ( 0.351%) | ₹125.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TOKYOPLAST.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 136.29 | 8.61% |
| R2 | 132.00 | 5.18% |
| R1 | 129.34 | 3.07% |
| Price | 125.49 | |
| S1 | 120.76 | -3.77% |
| S2 | 118.10 | -5.89% |
| S3 | 113.81 | -9.31% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 131.00 | 4.39% |
| Price | 125.49 | |
| S1 | 121.50 | -3.18% |
| S2 | 120.30 | -4.14% |
| S3 | 118.40 | -5.65% |
TOKYOPLAST Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2017 | Sep 19, 2017 | Oct 28, 2017 | ₹0.500 | 0.407% |
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