Balmer Lawrie & Co. Ltd. Stock Forecast
Balmer Lawrie & Co. Ltd. stock price up 1.04% on Friday
(Updated on Jun 21, 2024)
The Balmer Lawrie & Co. Ltd. stock price gained 1.04% on the last trading day (Friday, 21st Jun 2024), rising from ₹263.50 to ₹266.25. During the last trading day the stock fluctuated 3.12% from a day low at ₹264.05 to a day high of ₹272.30. The price has risen in 7 of the last 10 days and is up by 7.75% 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, 107 thousand more shares were traded than the day before. In total, 520 thousand shares were bought and sold for approximately ₹138.44 million.
The stock lies in the middle of a very 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 10.06% during the next 3 months and, with a 90% probability hold a price between ₹256.90 and ₹352.39 at the end of this 3-month period.
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BALMLAWRIE.NS Signals & Forecast
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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Balmer Lawrie & Co. Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₹266.73 and ₹277.62. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -2.01%. Further fall is indicated until a new bottom pivot has been found.
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 ₹247.10 and ₹229.50. 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 ₹247.10. If this is broken, then the next support from accumulated volume will be at ₹229.50 and ₹227.65.
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 ₹8.25 between high and low, or 3.12%. For the last week, the stock has had daily average volatility of 3.21%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BALMLAWRIE.NS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Balmer Lawrie & Co. Ltd. to open at ₹267.53, and during the day (based on 14 day Average True Range), to move between ₹253.80 and ₹278.70, which gives a possible trading interval of +/-₹12.45 (+/-4.68%) 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 9.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹276.20 (3.74%) than the support at ₹247.10 (7.19%), 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?
The Balmer Lawrie & Co. Ltd. stock holds several negative signals and despite the positive trend, we believe Balmer Lawrie & Co. Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.721 Sell Candidate Unchanged
Predicted Opening Price for Balmer Lawrie & Co. Ltd. of Monday, June 24, 2024
Fair opening price June 24, 2024 | Current price |
---|---|
₹267.53 ( 0.482%) | ₹266.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BALMLAWRIE.NS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 275.78 | 3.58% |
R2 | 272.63 | 2.40% |
R1 | 270.68 | 1.67% |
Price | 266.25 | |
S1 | 264.38 | -0.702% |
S2 | 262.43 | -1.43% |
S3 | 259.28 | -2.62% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 302.50 | 13.62% |
R2 | 281.40 | 5.69% |
R1 | 276.20 | 3.74% |
Price | 266.25 | |
S1 | 247.10 | -7.19% |
S2 | 229.50 | -13.80% |
S3 | 227.65 | -14.50% |
BALMLAWRIE Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 20, 2023 | Sep 20, 2023 | Oct 27, 2023 | ₹7.50 | 5.46% |
2 | Sep 19, 2022 | Sep 19, 2022 | Sep 19, 2022 | ₹6.50 | 5.50% |
3 | Sep 20, 2021 | Sep 20, 2021 | Sep 20, 2021 | ₹6.00 | 4.52% |
4 | Sep 17, 2020 | Sep 17, 2020 | Sep 17, 2020 | ₹7.50 | 6.66% |
5 | Sep 11, 2019 | Sep 11, 2019 | Sep 11, 2019 | ₹11.00 | 9.75% |
FAQ
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