Barak Valley Cements Limited Stock Forecast
Volatile ride for Barak Valley Cements Limited stock price on Friday moving between ₹60.86 and ₹67.60
(Updated on Jun 28, 2024)
The Barak Valley Cements Limited stock price gained 3.11% on the last trading day (Friday, 28th Jun 2024), rising from ₹63.09 to ₹65.05. During the last trading day the stock fluctuated 11.07% from a day low at ₹60.86 to a day high of ₹67.60. The price has risen in 7 of the last 10 days and is up by 11.83% over the past 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 19 thousand shares were bought and sold for approximately ₹1.21 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 upper part of a very wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ₹66.42 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 8.69% during the next 3 months and, with a 90% probability hold a price between ₹56.03 and ₹72.20 at the end of this 3-month period.
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BVCL.BO Signals & Forecast
The Barak Valley Cements 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 ₹64.14 and ₹55.99. A breakdown below any of these levels will issue sell signals. 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 Wednesday, June 26, 2024, and so far it has fallen -1.80%. 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 also not.
Support, Risk & Stop-loss for Barak Valley Cements Limited stock
Barak Valley Cements Limited finds support from accumulated volume at ₹63.09 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved ₹6.74 between high and low, or 11.07%. For the last week the stock has had daily average volatility of 8.25%.
Our recommended stop-loss: ₹62.96 (-3.21%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (BVCL.BO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Barak Valley Cements Limited to open at ₹64.50, and during the day (based on 14 day Average True Range), to move between ₹61.15 and ₹68.95, which gives a possible trading interval of +/-₹3.90 (+/-5.99%) up or down from last closing price. If Barak Valley Cements Limited takes out the full calculated possible swing range there will be an estimated 11.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹65.63 (0.89%) than the support at ₹63.09 (3.01%), 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.
Is Barak Valley Cements 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 Barak Valley Cements Limited stock to perform well in the short-term.
Current score: 1.494 Buy Candidate Unchanged
Predicted Opening Price for Barak Valley Cements Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₹64.50 ( 0.84%) | ₹65.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BVCL.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 71.24 | 9.52% |
| R2 | 68.67 | 5.56% |
| R1 | 67.08 | 3.12% |
| Price | 65.05 | |
| S1 | 61.93 | -4.80% |
| S2 | 60.34 | -7.24% |
| S3 | 57.76 | -11.20% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 66.24 | 1.83% |
| R2 | 66.20 | 1.77% |
| R1 | 65.63 | 0.89% |
| Price | 65.05 | |
| S1 | 63.09 | -3.01% |
| S2 | 63.07 | -3.04% |
| S3 | 60.79 | -6.55% |
BVCL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 29, 2010 | Jul 29, 2010 | Jul 29, 2010 | ₹1.00 | 3.16% |
| 2 | Sep 23, 2009 | Sep 23, 2009 | Sep 23, 2009 | ₹1.00 | 3.34% |
| 3 | Jul 17, 2008 | Jul 17, 2008 | Jul 17, 2008 | ₹2.00 | 6.70% |
FAQ
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