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AI Analysis of BALKRISHNA.BO
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Red day on Tuesday for Balkrishna Paper Mills Limited stock after losing 0.229%
(Updated on Jun 25, 2024)

Buy candidate since Jun 24, 2024 Loss -0.23% PDF

The Balkrishna Paper Mills Limited stock price fell by -0.229% on the last day (Tuesday, 25th Jun 2024) from ₹26.16 to ₹26.10. During the last trading day the stock fluctuated 2.78% from a day low at ₹25.91 to a day high of ₹26.63. The price has risen in 6 of the last 10 days and is up by 0.42% over the past 2 weeks. 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 -46 thousand shares and in total, 12 thousand shares were bought and sold for approximately ₹301.12 thousand.

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 5.62% during the next 3 months and, with a 90% probability hold a price between ₹22.83 and ₹31.82 at the end of this 3-month period.

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BALKRISHNA.BO Signals & Forecast

The Balkrishna Paper Mills 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 ₹25.95 and ₹25.15. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -0.91%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Balkrishna Paper Mills Limited stock

Balkrishna Paper Mills Limited finds support from accumulated volume at ₹25.99 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved ₹0.720 between high and low, or 2.78%. For the last week the stock has had daily average volatility of 3.85%.

Our recommended stop-loss: ₹25.16 (-3.61%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 14 days ago.)

Trading Expectations (BALKRISHNA.BO) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Balkrishna Paper Mills Limited to open at ₹26.21, and during the day (based on 14 day Average True Range), to move between ₹24.65 and ₹27.55, which gives a possible trading interval of +/-₹1.45 (+/-5.54%) up or down from last closing price. If Balkrishna Paper Mills Limited takes out the full calculated possible swing range there will be an estimated 11.08% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹25.99 (0.42%) than the resistance at ₹26.59 (1.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Balkrishna Paper Mills 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 Balkrishna Paper Mills Limited stock to perform well in the short-term.

Current score: 2.252 Buy Candidate Unchanged

Predicted Opening Price for Balkrishna Paper Mills Limited of Wednesday, June 26, 2024

Fair opening price June 26, 2024 Current price
₹26.21 ( 0.434%) ₹26.10

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for BALKRISHNA.BO

Fibonacci Support & Resistance Levels

Level Price
R3 26.93 3.19%
R2 26.66 2.14%
R1 26.49 1.49%
Price 26.10
S1 25.94 -0.620%
S2 25.77 -1.27%
S3 25.49 -2.32%

Accumulated Volume Support & Resistance Levels

Level Price
R3 27.37 4.87%
R2 26.88 2.99%
R1 26.59 1.88%
Price 26.10
S1 25.99 -0.421%
S2 25.36 -2.84%
S3 21.67 -16.97%

FAQ

What is the symbol for Balkrishna Paper Mills Limited Stock and on which exchange is it traded?
The symbol for Balkrishna Paper Mills Limited is BALKRISHNA.BO and it is traded on the XBOM (Bombay Stock Exchange).

Should I buy or sell Balkrishna Paper Mills Limited Stock?
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 Balkrishna Paper Mills Limited stock to perform well in the short-term.

How to buy Balkrishna Paper Mills Limited Stock?
Balkrishna Paper Mills Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Balkrishna Paper Mills Limited Stock.

What's the current price of Balkrishna Paper Mills Limited Stock?
As of the end of day on the Jun 25, 2024, the price of an Balkrishna Paper Mills Limited (BALKRISHNA.BO) share was ₹26.10.

What is the 52-week high and low for Balkrishna Paper Mills Limited Stock?
The 52-week high for Balkrishna Paper Mills Limited Stock is ₹56.01 and the 52-week low is ₹20.70.

What is the market capitalization of Balkrishna Paper Mills Limited Stock?
As of the Jun 25, 2024, the market capitalization of Balkrishna Paper Mills Limited is 840.285M.

When is the next earnings date for Balkrishna Paper Mills Limited?
The upcoming earnings date for Balkrishna Paper Mills Limited is Aug 12, 2024.
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