Bigbloc Construction Limited Stock Forecast
Green day on Thursday for Bigbloc Construction Limited
(Updated on May 02, 2024)
The Bigbloc Construction Limited stock price gained 0.279% on the last trading day (Thursday, 2nd May 2024), rising from ₹251.20 to ₹251.90. During the last trading day the stock fluctuated 3.00% from a day low at ₹250.00 to a day high of ₹257.50. The price has risen in 7 of the last 10 days and is up by 17.24% over the past 2 weeks. Volume fell on the last day by -12 thousand shares and in total, 32 thousand shares were bought and sold for approximately ₹8.13 million. 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 very wide and weak 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 8.52% during the next 3 months and, with a 90% probability hold a price between ₹201.56 and ₹293.87 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
BIGBLOC.BO Signals & Forecast
The Bigbloc Construction 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 ₹243.99 and ₹215.80. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 13, 2024, and so far it has risen 44.48%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Bigbloc Construction Limited stock
Bigbloc Construction Limited finds support from accumulated volume at ₹239.65 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 ₹7.50 between high and low, or 3.00%. For the last week, the stock has had daily average volatility of 4.72%.
Our recommended stop-loss: ₹243.84 (-3.20%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (BIGBLOC.BO) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Bigbloc Construction Limited to open at ₹253.13, and during the day (based on 14 day Average True Range), to move between ₹238.97 and ₹264.83, which gives a possible trading interval of +/-₹12.93 (+/-5.13%) up or down from last closing price. If Bigbloc Construction Limited takes out the full calculated possible swing range there will be an estimated 10.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹254.10 (0.87%) than the support at ₹239.65 (4.86%), 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.
Earnings coming up
Bigbloc Construction Limited will release earnings BMO on Tuesday, May 07, 2024. We will update the financials statements for Bigbloc Construction Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.09% in the first trading day after earnings release.
Is Bigbloc Construction 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 Bigbloc Construction Limited stock to perform well in the short-term.
Current score: 3.976 Buy Candidate Unchanged
Predicted Opening Price for Bigbloc Construction Limited of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| ₹253.13 ( 0.490%) | ₹251.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BIGBLOC.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 260.63 | 3.47 % | |
| R2 | 257.77 | 2.33 % | ||
| R1 | 256.00 | 1.63 % | ||
| Current price: | 251.90 | |||
| Support | S1 | 250.27 | -0.648 % | |
| S2 | 248.50 | -1.35 % | ||
| S3 | 245.63 | -2.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 254.10 | 0.87 % | ||
| Current price | 251.90 | |||
| Support | S1 | 239.65 | -4.86% | |
| S2 | 224.50 | -10.88% | ||
| S3 | 202.85 | -19.47% |
BIGBLOC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 01, 2024 | Feb 01, 2024 | Feb 22, 2024 | ₹0.200 | 0.0826% |
| 2 | Nov 08, 2023 | Nov 08, 2023 | Nov 30, 2023 | ₹0.200 | 0.128% |
| 3 | Sep 15, 2023 | Sep 15, 2023 | Oct 25, 2023 | ₹0.400 | 0.264% |
| 4 | Sep 22, 2022 | Sep 22, 2022 | Oct 30, 2022 | ₹0.200 | 0.143% |
| 5 | Sep 08, 2017 | Sep 08, 2017 | Oct 18, 2017 | ₹0.250 | 1.28% |
FAQ
Click here for our free guide on how to buy Bigbloc Construction Limited Stock.
