B & A Packaging India Limited Stock Forecast
B & A Packaging India Limited stock upgraded to Buy Candidate.
(Updated on Jun 26, 2024)
The B & A Packaging India Limited stock price gained 2.92% on the last trading day (Wednesday, 26th Jun 2024), rising from ₹280.75 to ₹288.95. During the last trading day the stock fluctuated 3.37% from a day low at ₹280.05 to a day high of ₹289.50. The price has risen in 6 of the last 10 days and is up by 0.75% over the past 2 weeks. Volume fell on the last day by -463 shares and in total, 779 shares were bought and sold for approximately ₹225.09 thousand. 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 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 41.47% during the next 3 months and, with a 90% probability hold a price between ₹361.69 and ₹421.53 at the end of this 3-month period.
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BAPACK.BO Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -2.03%. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The B & A Packaging India Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₹288.02 and ₹256.43. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for B & A Packaging India Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹271.60 and ₹269.95. 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, B & A Packaging India Limited finds support just below today's level at ₹271.60. If this is broken, then the next support from accumulated volume will be at ₹269.95 and ₹265.00.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved ₹9.45 between high and low, or 3.37%. For the last week the stock has had daily average volatility of 4.29%.
Our recommended stop-loss: ₹279.17 (-3.38%) (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 (BAPACK.BO) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect B & A Packaging India Limited to open at ₹286.17, and during the day (based on 14 day Average True Range), to move between ₹270.37 and ₹307.53, which gives a possible trading interval of +/-₹18.58 (+/-6.43%) up or down from last closing price. If B & A Packaging India Limited takes out the full calculated possible swing range there will be an estimated 12.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹290.45 (0.52%) than the support at ₹271.60 (6.00%), 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 B & A Packaging 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 B & A Packaging 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 Hold/Accumulate to a Buy candidate.
Current score: 2.018 Buy Candidate Upgraded
Predicted Opening Price for B & A Packaging India Limited of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| ₹286.17 ( 0.96%) | ₹288.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BAPACK.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 295.62 | 2.31% |
| R2 | 292.01 | 1.06% |
| R1 | 289.78 | 0.286% |
| Price | 288.95 | |
| S1 | 282.56 | -2.21% |
| S2 | 280.33 | -2.98% |
| S3 | 276.72 | -4.23% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 294.95 | 2.08% |
| R2 | 292.95 | 1.38% |
| R1 | 290.45 | 0.519% |
| Price | 288.95 | |
| S1 | 271.60 | -6.00% |
| S2 | 269.95 | -6.58% |
| S3 | 265.00 | -8.29% |
BAPACK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 09, 2024 | Aug 09, 2024 | Sep 16, 2024 | ₹2.00 | 0.712% |
| 2 | Aug 31, 2023 | Aug 31, 2023 | Oct 07, 2023 | ₹1.50 | 0.758% |
| 3 | Aug 24, 2022 | Aug 24, 2022 | Oct 01, 2022 | ₹1.50 | 0.650% |
| 4 | Aug 29, 2019 | Aug 29, 2019 | Oct 06, 2019 | ₹0.500 | 22.52% |
| 5 | Aug 31, 2018 | Aug 31, 2018 | Oct 20, 2018 | ₹0.500 | 16.67% |
FAQ
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