BFL Asset Finvest Limited Stock Forecast

Red day on Monday for BFL Asset Finvest Limited stock after losing 3.52%
(Updated on Apr 15, 2024)

BFLAFL.BO Signals & Forecast

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. The BFL Asset Finvest Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₹18.75 and ₹19.25. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -15.28%. Further fall is indicated until a new bottom pivot has been found. BFL Asset Finvest Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for BFL Asset Finvest Limited stock

BFL Asset Finvest Limited finds support from accumulated volume at ₹16.82 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 ₹0.750 between high and low, or 4.62%. For the last week, the stock has had daily average volatility of 6.18%.

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

Trading Expectations (BFLAFL.BO) For The Upcoming Trading Day Of Tuesday 16th

For the upcoming trading day on Tuesday, 16th we expect BFL Asset Finvest Limited to open at ₹16.74, and during the day (based on 14 day Average True Range), to move between ₹16.02 and ₹17.92, which gives a possible trading interval of +/-₹0.95 (+/-5.58%) up or down from last closing price. If BFL Asset Finvest Limited takes out the full calculated possible swing range there will be an estimated 11.17% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹16.82 (0.88%) than the resistance at ₹17.88 (5.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is BFL Asset Finvest Limited stock A Buy?

BFL Asset Finvest 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: -4.591 Sell Candidate Unchanged

Predicted Opening Price for BFL Asset Finvest Limited of Tuesday, April 16, 2024

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