Bambino Agro Industries Limited Stock Forecast

Bambino Agro Industries Limited stock upgraded from Hold/Accumulate to Buy Candidate after Tuesday trading session.
(Updated on Jun 25, 2024)

BAMBINO.BO Signals & Forecast

The Bambino Agro Industries Limited 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 ₹371.07. On a fall, the stock will find some support from the long-term average at approximately ₹351.75. 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 Tuesday, June 18, 2024, and so far it has fallen -8.18%. Further fall is indicated until a new bottom pivot has been found. Bambino Agro Industries Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Bambino Agro Industries Limited stock

Bambino Agro Industries Limited finds support from accumulated volume at ₹354.05 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₹9.75 between high and low, or 2.74%. For the last week, the stock has had daily average volatility of 4.74%.

Our recommended stop-loss: ₹346.36 (-3.68%) (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 (BAMBINO.BO) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Bambino Agro Industries Limited to open at ₹359.92, and during the day (based on 14 day Average True Range), to move between ₹339.45 and ₹379.75, which gives a possible trading interval of +/-₹20.15 (+/-5.60%) up or down from last closing price. If Bambino Agro Industries Limited takes out the full calculated possible swing range there will be an estimated 11.21% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹354.05 (1.54%) than the resistance at ₹374.30 (4.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Bambino Agro 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 Bambino Agro Industries Limited stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.511 Buy Candidate Upgraded

Predicted Opening Price for Bambino Agro Industries Limited of Wednesday, June 26, 2024

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