Nippon India ETF PSU Bank BeES Stock Forecast

₹77.48
+1.66 (+2.19%)
At Close: Mar 28, 2024
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 PSUBNKBEES.BO
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Nippon India ETF PSU Bank BeES stock upgraded from Sell Candidate to Buy Candidate after Thursday trading session.
(Updated on Mar 28, 2024)

Buy candidate since Mar 28, 2024 PDF

The Nippon India ETF PSU Bank BeES stock price gained 2.19% on the last trading day (Thursday, 28th Mar 2024), rising from ₹75.82 to ₹77.48. During the last trading day the stock fluctuated 3.05% from a day low at ₹75.77 to a day high of ₹78.08. The price has risen in 7 of the last 10 days and is up by 4.06% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 415 thousand more shares were traded than the day before. In total, 612 thousand shares were bought and sold for approximately ₹47.43 million.

The stock lies in the middle of a 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 25.89% during the next 3 months and, with a 90% probability hold a price between ₹95.06 and ₹107.08 at the end of this 3-month period.

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PSUBNKBEES.BO Signals & Forecast

The Nippon India ETF PSU Bank BeES stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₹75.68 and ₹77.28. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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, March 07, 2024, and so far it has fallen -4.80%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Nippon India ETF PSU Bank BeES stock

Nippon India ETF PSU Bank BeES finds support from accumulated volume at ₹75.06 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 ₹2.31 between high and low, or 3.05%. For the last week, the stock has had daily average volatility of 1.84%.

Our recommended stop-loss: ₹73.66 (-4.93%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 13 days ago.)

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

For the upcoming trading day on Monday, 1st we expect Nippon India ETF PSU Bank BeES to open at ₹77.11, and during the day (based on 14 day Average True Range), to move between ₹75.41 and ₹79.55, which gives a possible trading interval of +/-₹2.07 (+/-2.68%) up or down from last closing price. If Nippon India ETF PSU Bank BeES takes out the full calculated possible swing range there will be an estimated 5.36% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹77.98 (0.65%) than the support at ₹75.06 (3.12%), 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 Nippon India ETF PSU Bank BeES 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 Nippon India ETF PSU Bank BeES stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 1.962 Buy Candidate Upgraded

Predicted Opening Price for Nippon India ETF PSU Bank BeES of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
₹77.11 ( 0.478%) ₹77.48

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

Trading levels for PSUBNKBEES.BO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 79.42 2.50 %
R2 78.54 1.36 %
R1 77.99 0.661 %
Current price: 77.48
Support S1 76.23 -1.62 %
S2 75.68 -2.32 %
S3 74.80 -3.46 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 79.49 2.59 %
R2 79.26 2.30 %
R1 77.98 0.645 %
Current price 77.48
Support S1 75.06 -3.12%
S2 74.72 -3.56%
S3 71.80 -7.33%

FAQ

What is the symbol for Nippon India ETF PSU Bank BeES Stock and on which exchange is it traded?
The symbol for Nippon India ETF PSU Bank BeES is PSUBNKBEES.BO and it is traded on the XBOM (Bombay Stock Exchange).

Should I buy or sell Nippon India ETF PSU Bank BeES Stock?
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 Nippon India ETF PSU Bank BeES stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

How to buy Nippon India ETF PSU Bank BeES Stock?
Nippon India ETF PSU Bank BeES Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Nippon India ETF PSU Bank BeES Stock.

What's the current price of Nippon India ETF PSU Bank BeES Stock?
As of the end of day on the 2024-03-28, the price of an Nippon India ETF PSU Bank BeES (PSUBNKBEES.BO) share was ₹77.48.

What is the 52-week high and low for Nippon India ETF PSU Bank BeES Stock?
The 52-week high for Nippon India ETF PSU Bank BeES Stock is ₹82.13 and the 52-week low is ₹39.36.
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