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AI Analysis of BALMLAWRIE.BO
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Balmer Lawrie & Co. Ltd. stock price down 0.736% on Friday
(Updated on May 10, 2024)

Buy or Hold candidate since Apr 26, 2024 Loss -0.25% PDF

The Balmer Lawrie & Co. Ltd. stock price fell by -0.736% on the last day (Friday, 10th May 2024) from ₹278.50 to ₹276.45. During the last trading day the stock fluctuated 4.81% from a day low at ₹269.05 to a day high of ₹282.00. The price has risen in 6 of the last 10 days but is still down by -0.02% for this period. 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 -138 thousand shares and in total, 53 thousand shares were bought and sold for approximately ₹14.65 million.

The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ₹288.96 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 11.03% during the next 3 months and, with a 90% probability hold a price between ₹249.64 and ₹320.84 at the end of this 3-month period.

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BALMLAWRIE.BO Signals & Forecast

The Balmer Lawrie & Co. Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₹277.43. On a fall, the stock will find some support from the long-term average at approximately ₹252.25. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Wednesday, May 08, 2024, and so far it has fallen -3.99%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Balmer Lawrie & Co. Ltd. stock

On the downside, the stock finds support just below today's level from accumulated volume at ₹237.35 and ₹236.95. 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, Balmer Lawrie & Co. Ltd. finds support just below today's level at ₹237.35. If this is broken, then the next support from accumulated volume will be at ₹236.95 and ₹219.25.

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 ₹12.95 between high and low, or 4.81%. For the last week, the stock has had daily average volatility of 5.24%.

Our recommended stop-loss: ₹262.58 (-5.02%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (BALMLAWRIE.BO) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Balmer Lawrie & Co. Ltd. to open at ₹275.83, and during the day (based on 14 day Average True Range), to move between ₹264.13 and ₹288.77, which gives a possible trading interval of +/-₹12.32 (+/-4.45%) up or down from last closing price. If Balmer Lawrie & Co. Ltd. takes out the full calculated possible swing range there will be an estimated 8.91% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹276.50 (0.02%) than the support at ₹237.35 (14.14%), 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 Balmer Lawrie & Co. Ltd. stock A Buy?

Balmer Lawrie & Co. Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.846 Hold/Accumulate Unchanged

Predicted Opening Price for Balmer Lawrie & Co. Ltd. of Monday, May 13, 2024

Fair opening price May 13, 2024 Current price
₹275.83 ( 0.223%) ₹276.45

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

Trading levels for BALMLAWRIE.BO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 288.78 4.46 %
R2 283.84 2.67 %
R1 280.78 1.57 %
Current price: 276.45
Support S1 270.89 -2.01 %
S2 267.83 -3.12 %
S3 262.88 -4.91 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 281.40 1.79 %
R2 277.15 0.253 %
R1 276.50 0.0181 %
Current price 276.45
Support S1 237.35 -14.14%
S2 236.95 -14.29%
S3 219.25 -20.69%

BALMLAWRIE Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Sep 20, 2023 Sep 20, 2023 Oct 27, 2023 ₹7.50 5.45%
2 Sep 19, 2022 Sep 19, 2022 Oct 27, 2022 ₹6.50 5.81%
3 Sep 06, 2017 Sep 06, 2017 Oct 14, 2017 ₹7.00 4.68%
4 Sep 14, 2016 Sep 14, 2016 Sep 14, 2016 ₹20.00 16.99%
5 Sep 03, 2015 Sep 03, 2015 Sep 03, 2015 ₹18.00 18.48%

FAQ

What is the symbol for Balmer Lawrie & Co. Ltd. Stock and on which exchange is it traded?
The symbol for Balmer Lawrie & Co. Ltd. is BALMLAWRIE.BO and it is traded on the XBOM (Bombay Stock Exchange).

Should I buy or sell Balmer Lawrie & Co. Ltd. Stock?
Balmer Lawrie & Co. Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy Balmer Lawrie & Co. Ltd. Stock?
Balmer Lawrie & Co. Ltd. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Balmer Lawrie & Co. Ltd. Stock.

What's the current price of Balmer Lawrie & Co. Ltd. Stock?
As of the end of day on the May 10, 2024, the price of an Balmer Lawrie & Co. Ltd. (BALMLAWRIE.BO) share was ₹276.45.

What is the 52-week high and low for Balmer Lawrie & Co. Ltd. Stock?
The 52-week high for Balmer Lawrie & Co. Ltd. Stock is ₹297.50 and the 52-week low is ₹122.80.

What is the market capitalization of Balmer Lawrie & Co. Ltd. Stock?
As of the May 10, 2024, the market capitalization of Balmer Lawrie & Co. Ltd. is 47.274B.

When is the next earnings date for Balmer Lawrie & Co. Ltd.?
The upcoming earnings date for Balmer Lawrie & Co. Ltd. is May 28, 2024.
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