BASF India Limited Stock Forecast
Red day on Friday for BASF India Limited
(Updated on Apr 19, 2024)
The BASF India Limited stock price fell by -0.0678% on the last day (Friday, 19th Apr 2024) from ₹3,614.40 to ₹3,611.95. During the last trading day the stock fluctuated 3.71% from a day low at ₹3,531.00 to a day high of ₹3,662.00. The price has fallen in 6 of the last 10 days but is still up by 1.06% over the past 2 weeks. Volume has increased on the last day by 5 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 19 thousand shares were bought and sold for approximately ₹68.19 million.
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 18.78% during the next 3 months and, with a 90% probability hold a price between ₹3,985.23 and ₹4,562.80 at the end of this 3-month period.
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BASF.NS Signals & Forecast
The BASF India 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 ₹3,679.30. On a fall, the stock will find some support from the long-term average at approximately ₹3,405.42. 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 Wednesday, April 10, 2024, and so far it has fallen -4.46%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for BASF India Limited stock
BASF India Limited finds support from accumulated volume at ₹3,551.45 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 ₹131.00 between high and low, or 3.71%. For the last week, the stock has had daily average volatility of 3.55%.
Our recommended stop-loss: ₹3,470.05 (-3.93%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (BASF.NS) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect BASF India Limited to open at ₹3,601.65, and during the day (based on 14 day Average True Range), to move between ₹3,491.01 and ₹3,732.89, which gives a possible trading interval of +/-₹120.94 (+/-3.35%) up or down from last closing price. If BASF India Limited takes out the full calculated possible swing range there will be an estimated 6.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹3,620.65 (0.24%) than the support at ₹3,551.45 (1.67%), 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 BASF 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 BASF India Limited stock to perform well in the short-term.
Current score: 1.583 Buy Candidate Unchanged
Predicted Opening Price for BASF India Limited of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| ₹3,601.65 ( 0.285%) | ₹3,611.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BASF.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,732.65 | 3.34 % | |
| R2 | 3,682.61 | 1.96 % | ||
| R1 | 3,651.69 | 1.10 % | ||
| Current price: | 3,611.95 | |||
| Support | S1 | 3,551.61 | -1.67 % | |
| S2 | 3,520.69 | -2.53 % | ||
| S3 | 3,470.65 | -3.91 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3,780.55 | 4.67 % | |
| R2 | 3,724.25 | 3.11 % | ||
| R1 | 3,620.65 | 0.241 % | ||
| Current price | 3,611.95 | |||
| Support | S1 | 3,551.45 | -1.67% | |
| S2 | 3,392.85 | -6.07% | ||
| S3 | 3,288.70 | -8.95% |
BASF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 21, 2023 | Jul 21, 2023 | Jul 21, 2023 | ₹8.00 | 0.306% |
| 2 | Jul 20, 2023 | Jul 20, 2023 | Jul 20, 2023 | ₹8.00 | 0.302% |
| 3 | Jul 21, 2022 | Jul 21, 2022 | Jul 21, 2022 | ₹6.00 | 0.224% |
| 4 | Jul 22, 2021 | Jul 22, 2021 | Jul 22, 2021 | ₹5.00 | 0.185% |
| 5 | Jul 22, 2020 | Jul 22, 2020 | Jul 22, 2020 | ₹3.00 | 0.223% |
FAQ
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