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 BANKINDIA.NS
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Stronger technical forecast for Bank of India Limited stock price after Thursday trading.
(Updated on Mar 28, 2024)

Buy candidate since Mar 28, 2024 PDF

The Bank of India Limited stock price gained 3.90% on the last trading day (Thursday, 28th Mar 2024), rising from ₹131.90 to ₹137.05. During the last trading day the stock fluctuated 3.80% from a day low at ₹132.80 to a day high of ₹137.85. The price has risen in 6 of the last 10 days and is up by 6.7% 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, 5 million more shares were traded than the day before. In total, 13 million shares were bought and sold for approximately ₹1.83 billion.

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 11.20% during the next 3 months and, with a 90% probability hold a price between ₹143.28 and ₹179.31 at the end of this 3-month period.

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BANKINDIA.NS Signals & Forecast

The Bank of India Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₹134.03 and ₹137.04. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, February 02, 2024, and so far it has fallen -9.57%. 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 Bank of India Limited stock

Bank of India Limited finds support from accumulated volume at ₹133.70 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 ₹5.05 between high and low, or 3.80%. For the last week, the stock has had daily average volatility of 2.65%.

Our recommended stop-loss: ₹128.55 (-6.20%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 37 days ago.)

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

For the upcoming trading day on Monday, 1st we expect Bank of India Limited to open at ₹135.90, and during the day (based on 14 day Average True Range), to move between ₹131.15 and ₹142.95, which gives a possible trading interval of +/-₹5.90 (+/-4.30%) up or down from last closing price. If Bank of India Limited takes out the full calculated possible swing range there will be an estimated 8.60% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹138.60 (1.13%) than the support at ₹133.70 (2.44%), 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 Bank of India 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 Bank of India Limited stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 1.469 Buy Candidate Upgraded

Predicted Opening Price for Bank of India Limited of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
₹135.90 ( 0.84%) ₹137.05

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

Trading levels for BANKINDIA.NS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 140.95 2.85 %
R2 139.02 1.44 %
R1 137.83 0.568 %
Current price: 137.05
Support S1 133.97 -2.25 %
S2 132.78 -3.12 %
S3 130.85 -4.52 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 151.55 10.58 %
R2 141.65 3.36 %
R1 138.60 1.13 %
Current price 137.05
Support S1 133.70 -2.44%
S2 130.90 -4.49%
S3 129.10 -5.80%

BANKINDIA Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 20, 2023 Jun 20, 2023 Jun 20, 2023 ₹2.00 2.69%
2 Jul 07, 2022 Jul 07, 2022 Jul 07, 2022 ₹2.00 4.35%
3 May 28, 2015 Jul 10, 2015 Jul 24, 2015 ₹5.00 2.92%
4 Jan 13, 2014 Jan 23, 2014 Jan 29, 2014 ₹5.00 2.40%
5 May 13, 2013 Jun 20, 2013 Jul 29, 2013 ₹10.00 5.55%

FAQ

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

Should I buy or sell Bank of India 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 Bank of India Limited stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

How to buy Bank of India Limited Stock?
Bank of 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 Bank of India Limited Stock.

What's the current price of Bank of India Limited Stock?
As of the end of day on the 2024-03-28, the price of an Bank of India Limited (BANKINDIA.NS) share was ₹137.05.

What is the 52-week high and low for Bank of India Limited Stock?
The 52-week high for Bank of India Limited Stock is ₹156.25 and the 52-week low is ₹69.50.

What is the market capitalization of Bank of India Limited Stock?
As of the 2024-03-28, the market capitalization of Bank of India Limited is 623.943B.

When is the next earnings date for Bank of India Limited?
The upcoming earnings date for Bank of India Limited is May 04, 2024.
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About Bank of India Limited

Bank of India Limited Bank of India Limited provides various banking products and services. It operates through Treasury Operations, Wholesale Banking, and Retail Banking segments. The company accepts various deposit products, such as savings, salary, current, term, and tax saving deposits. It also offers home, education, vehicle, personal, pensioner, and top-up loans, as well as loan for Pradhan Mantri Awas Yojana and against property; housing loans to NRIs/PIOs; ove... BANKINDIA.NS Profile

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