RSI low/high Values: [ 25 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of BIRLAPREC.BO
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Weaker technical forecast for Birla Precision Technologies Limited as stock downgraded to Sell Candidate.
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The Birla Precision Technologies Limited stock price fell by -1.32% on the last day (Thursday, 28th Mar 2024) from ₹60.06 to ₹59.27. During the last trading day the stock fluctuated 5.59% from a day low at ₹58.70 to a day high of ₹61.98. The price has been going up and down for this period, and there has been a 6.45% gain for the last 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, 46 thousand shares were bought and sold for approximately ₹2.71 million.

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 ₹57.79 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 19.34% during the next 3 months and, with a 90% probability hold a price between ₹68.96 and ₹94.56 at the end of this 3-month period.

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BIRLAPREC.BO Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, March 13, 2024, and so far it has risen 6.45%. Further rise is indicated until a new top pivot has been found. 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 Birla Precision Technologies 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 ₹59.32 and ₹62.40. A break-up above any of these levels will issue buy signals. 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 Birla Precision Technologies Limited stock

Birla Precision Technologies Limited finds support from accumulated volume at ₹56.71 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 ₹3.28 between high and low, or 5.59%. For the last week, the stock has had daily average volatility of 4.06%.

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

Trading Expectations (BIRLAPREC.BO) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Birla Precision Technologies Limited to open at ₹59.98, and during the day (based on 14 day Average True Range), to move between ₹55.56 and ₹62.98, which gives a possible trading interval of +/-₹3.71 (+/-6.26%) up or down from last closing price. If Birla Precision Technologies Limited takes out the full calculated possible swing range there will be an estimated 12.52% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹56.71 (4.32%) than the resistance at ₹64.01 (8.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Birla Precision Technologies Limited stock A Buy?

The Birla Precision Technologies Limited stock holds several negative signals and despite the positive trend, we believe Birla Precision Technologies Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.278 Sell Candidate Downgraded

Predicted Opening Price for Birla Precision Technologies Limited of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
₹59.98 ( 1.20%) ₹59.27

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

Trading levels for BIRLAPREC.BO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 63.26 6.74 %
R2 62.01 4.62 %
R1 61.24 3.32 %
Current price: 59.27
Support S1 58.73 -0.91 %
S2 57.96 -2.22 %
S3 56.70 -4.33 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 73.04 23.23 %
R2 68.35 15.32 %
R1 64.01 8.00 %
Current price 59.27
Support S1 56.71 -4.32%
S2 56.63 -4.45%
S3 53.09 -10.43%

FAQ

What is the symbol for Birla Precision Technologies Limited Stock and on which exchange is it traded?
The symbol for Birla Precision Technologies Limited is BIRLAPREC.BO and it is traded on the XBOM (Bombay Stock Exchange).

Should I buy or sell Birla Precision Technologies Limited Stock?
The Birla Precision Technologies Limited stock holds several negative signals and despite the positive trend, we believe Birla Precision Technologies Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy Birla Precision Technologies Limited Stock?
Birla Precision Technologies 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 Birla Precision Technologies Limited Stock.

What's the current price of Birla Precision Technologies Limited Stock?
As of the end of day on the 2024-03-28, the price of an Birla Precision Technologies Limited (BIRLAPREC.BO) share was ₹59.27.

What is the 52-week high and low for Birla Precision Technologies Limited Stock?
The 52-week high for Birla Precision Technologies Limited Stock is ₹76.69 and the 52-week low is ₹28.60.
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