BENCHMARK AMC ETF PSU BANK BeES/ETF Stock Forecast

BENCHMARK AMC ETF PSU BANK BeES/ETF stock price ended at ₹82.02 on Tuesday, after gaining 0.183%.
(Updated on Jun 25, 2024)

PSUBNKBEES.NS Signals & Forecast

The BENCHMARK AMC ETF PSU BANK BeES/ETF 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 ₹82.72. On a fall, the stock will find some support from the long-term average at approximately ₹81.04. 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. A buy signal was issued from a pivot bottom point on Wednesday, June 05, 2024, and so far it has risen 5.22%. Further rise is indicated until a new top pivot has been found. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for BENCHMARK AMC ETF PSU BANK BeES/ETF stock

BENCHMARK AMC ETF PSU BANK BeES/ETF finds support from accumulated volume at ₹78.79 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 ₹0.90 between high and low, or 1.10%. For the last week, the stock has had daily average volatility of 1.85%.

Our recommended stop-loss: ₹78.27 (-4.58%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 15 days ago.)

Trading Expectations (PSUBNKBEES.NS) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect BENCHMARK AMC ETF PSU BANK BeES/ETF to open at ₹82.01, and during the day (based on 14 day Average True Range), to move between ₹79.65 and ₹84.39, which gives a possible trading interval of +/-₹2.37 (+/-2.89%) up or down from last closing price. If BENCHMARK AMC ETF PSU BANK BeES/ETF takes out the full calculated possible swing range there will be an estimated 5.78% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹82.98 (1.17%) than the support at ₹78.79 (3.94%), 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 BENCHMARK AMC ETF PSU BANK BeES/ETF 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 BENCHMARK AMC ETF PSU BANK BeES/ETF stock to perform well in the short-term.

Current score: 1.770 Buy Candidate Unchanged

Predicted Opening Price for BENCHMARK AMC ETF PSU BANK BeES/ETF of Wednesday, June 26, 2024

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