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(BANCOINDIA) Banco Products complete technical analysis [charts+indicators] | Buy/Sell Banco Products | (BANCOINDIA) share price targets

Complete technical analysis of Banco Products (BANCOINDIA) by charts plus indicators, forecast predictions and share price targets for Banco Products (BANCOINDIA)

Banco Products trades in NSE in Auto Parts & Equipment sector.

10 day averaged volume of Banco Products is 61230

Date	Daily Closing Price	Open	High	Low	Volume
08 Wed May 2024	598.55	604.85	609.90	596.60	0.705 times
07 Tue May 2024	605.20	610.00	612.90	592.35	0.824 times
06 Mon May 2024	609.90	622.80	622.80	604.20	0.628 times
03 Fri May 2024	622.80	630.20	635.00	618.50	0.855 times
02 Thu May 2024	630.15	623.85	636.40	623.85	0.563 times
30 Tue Apr 2024	623.85	629.65	632.25	620.00	0.685 times
29 Mon Apr 2024	625.65	642.00	642.00	624.00	1.007 times
26 Fri Apr 2024	628.85	631.00	634.95	621.50	0.572 times
25 Thu Apr 2024	631.45	619.00	649.70	618.10	3.456 times
24 Wed Apr 2024	619.25	621.00	632.00	617.00	0.833 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 605.9, but if it comes above 605.9, then a intra day buy could be more profitable.
If you take a sell trade below 605.9, then use 605.9 as stoploss and 593.3 as target. However if you take a buy trade in stock , then use 605.9 as stoploss and 616.47 as target.

Share price targets for Banco Products (BANCOINDIA)

Target Type	Value
Downside Target	512.00
Downside Target	575.05
Downside Target	592.35
Upside Target	604.95
Upside Target	634.90
Upside Target	636.40
Upside Target	642.00
Upside Target	649.70
Upside Target	681.45
Upside Target	729.90
Upside Target	733.95

Intraday share price targets for Banco Products (BANCOINDIA)

Target Type	Value
Downside Intraday Target	586.33
Downside Intraday Target	574.12
Upside Intraday Target	616.78
Upside Intraday Target	635.02
Upside Intraday Target	604.57

Weekly technical analysis of Banco Products (BANCOINDIA)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Wed May 2024	598.55	622.80	622.80	592.35	0.693 times
03 Fri May 2024	622.80	642.00	642.00	618.50	0.514 times
26 Fri Apr 2024	628.85	615.65	649.70	612.35	0.959 times
19 Fri Apr 2024	610.25	575.05	634.90	575.05	1.943 times
12 Fri Apr 2024	608.75	633.95	633.95	604.95	0.538 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Banco Products (BANCOINDIA)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Wed May 2024	598.55	623.85	636.40	592.35	0.153 times
30 Tue Apr 2024	623.85	599.95	649.70	575.05	0.718 times
28 Thu Mar 2024	596.95	670.20	681.45	512.00	0.493 times
29 Thu Feb 2024	663.55	714.90	729.90	620.10	1.056 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Banco Products (BANCOINDIA)

Price action analysis of Banco Products ( (BANCOINDIA) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Banco Products ( (BANCOINDIA) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Banco Products ( (BANCOINDIA) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Banco Products stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Banco Products in short term and the sell signal is strong.

Banco Products Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Banco Products in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Banco Products is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 622.64 and Banco Products (BANCOINDIA) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Banco Products (BANCOINDIA) stock. Volume based technical analysis of Banco Products (BANCOINDIA) stock is negative.

Banco Products Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.