B&A Limited Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
B&A Limited stock price ended at ₹635.15 on Friday, after gaining 0.0079%.
(Updated on Jun 28, 2024)
The B&A Limited stock price gained 0.0079% on the last trading day (Friday, 28th Jun 2024), rising from ₹635.10 to ₹635.15. During the last trading day the stock fluctuated 0.0079% from a day low at ₹635.10 to a day high of ₹635.15. The price has fallen in 7 of the last 10 days and is down by -5.73% for this period. Volume fell on the last day by -253 shares and in total, 40 shares were bought and sold for approximately ₹25.41 thousand. 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 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 22.69% during the next 3 months and, with a 90% probability hold a price between ₹719.31 and ₹934.81 at the end of this 3-month period.
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BNALTD.BO Signals & Forecast
The B&A 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 ₹650.17. On a fall, the stock will find some support from the long-term average at approximately ₹633.51. 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 Thursday, May 16, 2024, and so far it has fallen -8.15%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for B&A Limited stock
B&A Limited finds support from accumulated volume at ₹633.15 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved ₹0.0500 between high and low, or 0.0079%. For the last week the stock has had daily average volatility of 3.86%.
Our recommended stop-loss: ₹599.58 (-5.60%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 36 days ago.)
Trading Expectations (BNALTD.BO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect B&A Limited to open at ₹635.13, and during the day (based on 14 day Average True Range), to move between ₹600.94 and ₹669.36, which gives a possible trading interval of +/-₹34.21 (+/-5.39%) up or down from last closing price. If B&A Limited takes out the full calculated possible swing range there will be an estimated 10.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹633.15 (0.31%) than the resistance at ₹651.50 (2.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is B&A 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 B&A Limited stock to perform well in the short-term.
Current score: 1.461 Buy Candidate Unchanged
Predicted Opening Price for B&A Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₹635.13 ( 0.0026%) | ₹635.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BNALTD.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 635.18 | 0.0052% |
| R2 | 635.16 | 0.0022% |
| R1 | 635.15 | 0.0004% |
| Price | 635.15 | |
| S1 | 635.11 | -0.0056% |
| S2 | 635.10 | -0.0075% |
| S3 | 635.08 | -0.0105% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 691.50 | 8.87% |
| R2 | 691.45 | 8.86% |
| R1 | 651.50 | 2.57% |
| Price | 635.15 | |
| S1 | 633.15 | -0.315% |
| S2 | 554.95 | -12.63% |
| S3 | 534.25 | -15.89% |
BNALTD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 07, 2023 | Sep 07, 2023 | Oct 14, 2023 | ₹0.500 | 0.151% |
| 2 | Sep 01, 2022 | Sep 01, 2022 | Sep 12, 2022 | ₹2.00 | 0.619% |
| 3 | Sep 08, 2021 | Sep 08, 2021 | Oct 16, 2021 | ₹1.00 | 0.447% |
| 4 | Sep 05, 2019 | Sep 05, 2019 | Oct 14, 2019 | ₹1.00 | 0.695% |
| 5 | Sep 18, 2018 | Sep 18, 2018 | Oct 27, 2018 | ₹3.00 | 1.62% |
FAQ
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