RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of BANCOINDIA.NS
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Banco Products (India) Limited stock price ended at ₹596.95 on Thursday, after gaining 0.429%.
(Updated on Mar 28, 2024)

Sell candidate since Mar 15, 2024 Gain 4.32% PDF

The Banco Products (India) Limited stock price gained 0.429% on the last trading day (Thursday, 28th Mar 2024), rising from ₹594.40 to ₹596.95. During the last trading day the stock fluctuated 2.80% from a day low at ₹591.05 to a day high of ₹607.60. The price has risen in 6 of the last 10 days and is up by 14.41% over the past 2 weeks. Volume fell on the last day by -16 thousand shares and in total, 100 thousand shares were bought and sold for approximately ₹59.77 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -11.28% during the next 3 months and, with a 90% probability hold a price between ₹450.85 and ₹586.72 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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BANCOINDIA.NS Signals & Forecast

Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Banco Products (India) Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₹638.94. On a fall, the stock will find some support from the short-term average at ₹586.90. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, March 18, 2024, and so far it has fallen -0.550%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Banco Products (India) Limited stock

Banco Products (India) Limited finds support from accumulated volume at ₹590.40 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 ₹16.55 between high and low, or 2.80%. For the last week, the stock has had daily average volatility of 3.98%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (BANCOINDIA.NS) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Banco Products (India) Limited to open at ₹598.53, and during the day (based on 14 day Average True Range), to move between ₹566.46 and ₹627.44, which gives a possible trading interval of +/-₹30.49 (+/-5.11%) up or down from last closing price. If Banco Products (India) Limited takes out the full calculated possible swing range there will be an estimated 10.22% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹590.40 (1.10%) than the resistance at ₹642.95 (7.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Banco Products (India) Limited stock A Buy?

Banco Products (India) Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -2.509 Sell Candidate Unchanged

Predicted Opening Price for Banco Products (India) Limited of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
₹598.53 ( 0.265%) ₹596.95

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

Trading levels for BANCOINDIA.NS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 615.08 3.04 %
R2 608.76 1.98 %
R1 604.86 1.32 %
Current price: 596.95
Support S1 592.21 -0.794 %
S2 588.31 -1.45 %
S3 581.98 -2.51 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 686.90 15.07 %
R2 663.55 11.16 %
R1 642.95 7.71 %
Current price 596.95
Support S1 590.40 -1.10%
S2 587.60 -1.57%
S3 521.75 -12.60%

BANCOINDIA Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 16, 2024 Feb 16, 2024 Mar 06, 2024 ₹20.00 3.12%
2 Feb 24, 2023 Feb 24, 2023 Feb 24, 2023 ₹8.00 3.51%
3 Sep 06, 2022 Sep 06, 2022 Sep 06, 2022 ₹20.00 8.77%
4 Sep 03, 2021 Sep 03, 2021 Sep 03, 2021 ₹2.00 0.93%
5 Mar 03, 2020 Mar 18, 2020 Mar 24, 2020 ₹20.00 34.28%

FAQ

What is the symbol for Banco Products (India) Limited Stock and on which exchange is it traded?
The symbol for Banco Products (India) Limited is BANCOINDIA.NS and it is traded on the NSE (National Stock Exchange of India).

Should I buy or sell Banco Products (India) Limited Stock?
Banco Products (India) Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy Banco Products (India) Limited Stock?
Banco Products (India) 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 Banco Products (India) Limited Stock.

What's the current price of Banco Products (India) Limited Stock?
As of the end of day on the 2024-03-28, the price of an Banco Products (India) Limited (BANCOINDIA.NS) share was ₹596.95.

What is the 52-week high and low for Banco Products (India) Limited Stock?
The 52-week high for Banco Products (India) Limited Stock is ₹733.95 and the 52-week low is ₹209.55.

What is the market capitalization of Banco Products (India) Limited Stock?
As of the 2024-03-28, the market capitalization of Banco Products (India) Limited is 42.693B.

When is the next earnings date for Banco Products (India) Limited?
The upcoming earnings date for Banco Products (India) Limited is May 18, 2024.
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About Banco Products (India) Limited

Banco Products (India) Limited Banco Products (India) Limited, together with its subsidiaries, designs, develops, manufactures, and sells automobile components for OEM markets in India and internationally. The company offers engine cooling modules, such as radiators, charged air coolers, fuel coolers, oil coolers, condensers, sealing gaskets, and static sealing elastomers. Its products are used in passenger cars; light, medium, and heavy commercial vehicle; agricultural tracto... BANCOINDIA.NS Profile

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