Zuari Industries Limited Stock Forecast
Volatile ride for Zuari Industries Limited stock price on Friday moving between ₹361.25 and ₹406.00
(Updated on Jun 28, 2024)
The Zuari Industries Limited stock price gained 10.63% on the last trading day (Friday, 28th Jun 2024), rising from ₹359.20 to ₹397.40. During the last trading day the stock fluctuated 12.39% from a day low at ₹361.25 to a day high of ₹406.00. The price has risen in 6 of the last 10 days and is up by 22.92% 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, 892 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately ₹427.80 million.
The stock lies in the middle of a wide and strong 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 30.82% during the next 3 months and, with a 90% probability hold a price between ₹442.69 and ₹544.46 at the end of this 3-month period.
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ZUARIIND.NS Signals & Forecast
Mostly positive signals in the chart today. The Zuari Industries 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 ₹373.42 and ₹324.69. 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 47.76%. 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 Zuari Industries Limited stock
Zuari Industries Limited finds support from accumulated volume at ₹393.05 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹44.75 between high and low, or 12.39%. For the last week, the stock has had daily average volatility of 10.39%.
Our recommended stop-loss: ₹383.49 (-3.50%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (ZUARIIND.NS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Zuari Industries Limited to open at ₹388.22, and during the day (based on 14 day Average True Range), to move between ₹372.24 and ₹422.56, which gives a possible trading interval of +/-₹25.16 (+/-6.33%) up or down from last closing price. If Zuari Industries Limited takes out the full calculated possible swing range there will be an estimated 12.66% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₹393.05, some ₹4.35 (1.09%) from the current price of ₹397.40, our system finds the risk reward attractive.
Is Zuari Industries Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Zuari Industries Limited stock to perform well in the short-term.
Current score: 4.598 Buy Candidate Unchanged
Predicted Opening Price for Zuari Industries Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₹388.22 ( 2.31%) | ₹397.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZUARIIND.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 432.97 | 8.95% |
| R2 | 415.87 | 4.65% |
| R1 | 405.31 | 1.99% |
| Price | 397.40 | |
| S1 | 371.12 | -6.61% |
| S2 | 360.56 | -9.27% |
| S3 | 343.47 | -13.57% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 397.40 | |
| S1 | 393.05 | -1.09% |
| S2 | 384.20 | -3.32% |
| S3 | 359.45 | -9.55% |
ZUARIIND Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 21, 2023 | Sep 21, 2023 | Oct 28, 2023 | ₹1.00 | 0.702% |
| 2 | Sep 20, 2022 | Sep 20, 2022 | Oct 27, 2022 | ₹1.00 | 0.601% |
| 3 | Nov 24, 2021 | Nov 24, 2021 | Dec 14, 2021 | ₹2.00 | 1.43% |
| 4 | Apr 27, 2021 | Apr 27, 2021 | May 19, 2021 | ₹1.00 | 1.07% |
| 5 | Feb 23, 2021 | Feb 23, 2021 | Mar 15, 2021 | ₹1.00 | 1.20% |
FAQ
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