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RSI low/high Values: [ 25 - 80 ]
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AI Analysis of BAZELINTER.BO
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Weaker technical forecast for Bazel International Limited as stock downgraded to Hold/Accumulate.
(Updated on Jun 25, 2024)

Buy or Hold candidate since May 23, 2024 Gain 13.22% PDF

The Bazel International Limited stock price fell by -4.90% on the last day (Tuesday, 25th Jun 2024) from ₹52.50 to ₹49.93. During the last trading day the stock fluctuated 4.25% from a day low at ₹49.88 to a day high of ₹52.00. The price has fallen in 8 of the last 10 days and is down by -16.91% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -196 shares and in total, 2 thousand shares were bought and sold for approximately ₹88.83 thousand.

The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₹47.30 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 25.83% during the next 3 months and, with a 90% probability hold a price between ₹59.52 and ₹81.98 at the end of this 3-month period.

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BAZELINTER.BO Signals & Forecast

The Bazel International 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 ₹53.16. On a fall, the stock will find some support from the long-term average at approximately ₹48.58. 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. 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 11, 2024, and so far it has fallen -20.85%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Bazel International Limited stock

Bazel International Limited finds support from accumulated volume at ₹48.07 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 very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved ₹2.12 between high and low, or 4.25%. For the last week the stock has had daily average volatility of 5.82%.

Our recommended stop-loss: ₹46.92 (-6.02%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 25 days ago.)

Trading Expectations (BAZELINTER.BO) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Bazel International Limited to open at ₹50.60, and during the day (based on 14 day Average True Range), to move between ₹46.90 and ₹52.96, which gives a possible trading interval of +/-₹3.03 (+/-6.07%) up or down from last closing price. If Bazel International Limited takes out the full calculated possible swing range there will be an estimated 12.15% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹48.07 (3.73%) than the resistance at ₹57.51 (15.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Bazel International Limited stock A Buy?

Bazel International Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.322 Hold/Accumulate Downgraded

Predicted Opening Price for Bazel International Limited of Wednesday, June 26, 2024

Fair opening price June 26, 2024 Current price
₹50.60 ( 1.35%) ₹49.93

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

Trading levels for BAZELINTER.BO

Fibonacci Support & Resistance Levels

Level Price
R3 52.72 5.59%
R2 51.91 3.97%
R1 51.41 2.97%
Price 49.93
S1 49.79 -0.273%
S2 49.29 -1.28%
S3 48.48 -2.90%

Accumulated Volume Support & Resistance Levels

Level Price
R3 61.11 22.39%
R2 60.09 20.35%
R1 57.51 15.18%
Price 49.93
S1 48.07 -3.73%
S2 44.00 -11.88%
S3 43.00 -13.88%

FAQ

What is the symbol for Bazel International Limited Stock and on which exchange is it traded?
The symbol for Bazel International Limited is BAZELINTER.BO and it is traded on the XBOM (Bombay Stock Exchange).

Should I buy or sell Bazel International Limited Stock?
Bazel International Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Bazel International Limited Stock?
Bazel International 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 Bazel International Limited Stock.

What's the current price of Bazel International Limited Stock?
As of the end of day on the Jun 25, 2024, the price of an Bazel International Limited (BAZELINTER.BO) share was ₹49.93.

What is the 52-week high and low for Bazel International Limited Stock?
The 52-week high for Bazel International Limited Stock is ₹65.94 and the 52-week low is ₹28.02.

What is the market capitalization of Bazel International Limited Stock?
As of the Jun 25, 2024, the market capitalization of Bazel International Limited is 97.291M.
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