Vardhman Textiles 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
Evaluation of Vardhman Textiles Limited stock downgraded after the last trading session.
(Updated on May 21, 2024)
The Vardhman Textiles Limited stock price fell by -3.65% on the last day (Tuesday, 21st May 2024) from ₹461.95 to ₹445.10. During the last trading day the stock fluctuated 4.17% from a day low at ₹445.00 to a day high of ₹463.55. The price has risen in 5 of the last 10 days but is still down by -0.18% for this period. Volume has increased on the last day by 199 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 199 thousand shares were bought and sold for approximately ₹88.52 million.
The stock lies in the middle of a 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 5.41% during the next 3 months and, with a 90% probability hold a price between ₹453.45 and ₹506.38 at the end of this 3-month period.
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VTL.NS Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 09, 2024, and so far it has risen 4.28%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Vardhman Textiles Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₹454.13 and ₹451.73. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Vardhman Textiles Limited stock
Vardhman Textiles Limited finds support from accumulated volume at ₹430.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ₹18.55 (4.17%) between high and low. For the last week, the stock has had daily average volatility of 2.65%.
Our recommended stop-loss: ₹423.99 (-4.74%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (VTL.NS) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect Vardhman Textiles Limited to open at ₹451.22, and during the day (based on 14 day Average True Range), to move between ₹430.81 and ₹459.39, which gives a possible trading interval of +/-₹14.29 (+/-3.21%) up or down from last closing price. If Vardhman Textiles Limited takes out the full calculated possible swing range there will be an estimated 6.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹456.15 (2.48%) than the support at ₹430.80 (3.21%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Vardhman Textiles Limited stock A Buy?
Vardhman Textiles Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Vardhman Textiles Limited of Wednesday, May 22, 2024
Fair opening price May 22, 2024 | Current price |
---|---|
₹451.22 ( 1.37%) | ₹445.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VTL.NS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 469.77 | 5.54 % | |
R2 | 462.68 | 3.95 % | ||
R1 | 458.30 | 2.97 % | ||
Current price: | 445.10 | |||
Support | S1 | 444.13 | -0.218 % | |
S2 | 439.75 | -1.20 % | ||
S3 | 432.67 | -2.79 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 469.60 | 5.50 % | |
R2 | 464.60 | 4.38 % | ||
R1 | 456.15 | 2.48 % | ||
Current price | 445.10 | |||
Support | S1 | 430.80 | -3.21% | |
S2 | 428.70 | -3.68% | ||
S3 | 426.85 | -4.10% |
VTL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Nov 02, 2021 | Nov 02, 2021 | Nov 02, 2021 | ₹6.80 | 1.71% |
2 | Sep 16, 2021 | Sep 16, 2021 | Sep 16, 2021 | ₹3.50 | 0.94% |
3 | May 09, 2019 | Sep 18, 2019 | Oct 30, 2019 | ₹3.50 | 1.94% |
4 | May 13, 2018 | Sep 12, 2018 | Oct 27, 2018 | ₹3.00 | 1.51% |
5 | May 10, 2017 | Sep 07, 2017 | Oct 22, 2017 | ₹3.00 | 1.14% |
FAQ
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