Bosch Limited Stock Forecast

Green day on Wednesday for Bosch Limited stock after gaining 1.06%
(Updated on Jun 26, 2024)

BOSCHLTD.BO Signals & Forecast

Mostly positive signals in the chart today. The Bosch 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 ₹33,146.93 and ₹31,302.90. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 15.57%. 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). 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. The stock had a Golden Star Signal on Thursday, May 09, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Bosch Limited stock

Bosch Limited finds support from accumulated volume at ₹33,273.40 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 ₹950.00 between high and low, or 2.84%. For the last week, the stock has had daily average volatility of 2.72%.

The Bosch Limited stock is extremely overbought on RSI14 (76). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: ₹33,155.95 (-2.98%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 29 days ago.)

Trading Expectations (BOSCHLTD.BO) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Bosch Limited to open at ₹34,008.12, and during the day (based on 14 day Average True Range), to move between ₹33,193.30 and ₹35,155.40, which gives a possible trading interval of +/-₹981.05 (+/-2.87%) up or down from last closing price. If Bosch Limited takes out the full calculated possible swing range there will be an estimated 5.74% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ ₹33,273.40, some ₹900.95 (2.64%) from the current price of ₹34,174.35, our system finds the risk reward attractive.

Is Bosch Limited stock A Buy?

Bosch Limited holds several positive signals and has broken the weak rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

Current score: 7.250 Strong Buy Candidate Unchanged

Predicted Opening Price for Bosch Limited of Thursday, June 27, 2024

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