Windsor Machines 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
Stronger technical forecast for Windsor Machines Limited stock price after Thursday trading.
(Updated on Jul 04, 2024)
The Windsor Machines Limited stock price gained 4.99% on the last trading day (Thursday, 4th Jul 2024), rising from ₹170.30 to ₹178.80. 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 7.39% from a day low at ₹166.50 to a day high of ₹178.80. The price has risen in 7 of the last 10 days and is up by 25.77% 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, 370 thousand more shares were traded than the day before. In total, 418 thousand shares were bought and sold for approximately ₹74.75 million.
The stock has broken the very wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at ₹177.81, a level that may pose a second chance to hit a runner. According to fan-theory ₹261.36 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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WINDMACHIN.BO Signals & Forecast
Mostly positive signals in the chart today. The Windsor Machines 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 ₹161.11 and ₹108.22. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 28, 2024, and so far it has risen 21.51%. 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 Windsor Machines Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹161.83 and ₹151.57. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Windsor Machines Limited finds support just below today's level at ₹161.83. If this is broken, then the next support from accumulated volume will be at ₹151.57 and ₹142.16.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ₹12.30 between high and low, or 7.39%. For the last week, the stock has had daily average volatility of 4.06%.
The Windsor Machines Limited stock is extremely overbought on RSI14 (82). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: ₹172.79 (-3.36%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 82 and this increases the risk substantially. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (WINDMACHIN.BO) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Windsor Machines Limited to open at ₹174.70, and during the day (based on 14 day Average True Range), to move between ₹168.77 and ₹188.83, which gives a possible trading interval of +/-₹10.03 (+/-5.61%) up or down from last closing price. If Windsor Machines Limited takes out the full calculated possible swing range there will be an estimated 11.22% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₹161.83, some ₹16.97 (9.49%) from the current price of ₹178.80, our system finds the risk reward attractive.
Is Windsor Machines Limited stock A Buy?
Windsor Machines Limited holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 8.563 Strong Buy Candidate Upgraded
Predicted Opening Price for Windsor Machines Limited of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| ₹174.70 ( 2.29%) | ₹178.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WINDMACHIN.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 187.00 | 4.59% |
| R2 | 182.30 | 1.96% |
| R1 | 179.40 | 0.335% |
| Price | 178.80 | |
| S1 | 170.00 | -4.92% |
| S2 | 167.10 | -6.54% |
| S3 | 162.40 | -9.17% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 178.80 | |
| S1 | 161.83 | -9.49% |
| S2 | 151.57 | -15.23% |
| S3 | 142.16 | -20.49% |
WINDMACHIN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 22, 2023 | Sep 22, 2023 | Oct 29, 2023 | ₹1.00 | 0% |
| 2 | Sep 22, 2022 | Sep 22, 2022 | Oct 23, 2021 | ₹1.00 | 0% |
| 3 | Sep 18, 2017 | Sep 18, 2017 | Oct 26, 2017 | ₹0.750 | 0% |
FAQ
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