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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.

Showing technical analysis as on 2024-03-06 View latest technical analysis

10 day averaged volume of Banco Products is 126888

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	640.60	660.00	660.00	637.55	0.75 times
05 Tue Mar 2024	661.30	660.25	672.00	658.15	0.41 times
04 Mon Mar 2024	664.10	675.00	679.30	660.50	0.493 times
02 Sat Mar 2024	671.00	674.65	680.00	660.10	0.071 times
01 Fri Mar 2024	670.40	670.20	681.45	663.10	0.713 times
29 Thu Feb 2024	663.55	651.00	685.00	651.00	3.289 times
28 Wed Feb 2024	660.35	662.00	664.80	651.05	0.865 times
27 Tue Feb 2024	661.90	655.10	665.00	638.65	1.899 times
26 Mon Feb 2024	662.70	672.95	675.00	660.20	0.801 times
23 Fri Feb 2024	669.15	665.85	675.00	663.75	0.739 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 638.6, for a target of 656.4 or 671.27

Share price targets for Banco Products (BANCOINDIA)

Target Type	Value
Downside Target	447.00
Downside Target	535.65
Downside Target	617.75
Downside Target	637.55
Upside Target	655.50
Upside Target	670.00
Upside Target	681.45
Upside Target	685.00
Upside Target	720.00
Upside Target	729.90
Upside Target	733.95

Intraday share price targets for Banco Products (BANCOINDIA)

Target Type	Value
Downside Intraday Target	625.67
Downside Intraday Target	610.73
Upside Intraday Target	667.42
Upside Intraday Target	694.23
Upside Intraday Target	652.48

Weekly technical analysis of Banco Products (BANCOINDIA)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	640.60	675.00	679.30	637.55	0.216 times
02 Sat Mar 2024	671.00	672.95	685.00	638.65	1.628 times
23 Fri Feb 2024	669.15	680.15	685.00	655.50	0.757 times
16 Fri Feb 2024	687.25	704.45	720.00	670.00	0.537 times
09 Fri Feb 2024	698.85	702.80	729.90	620.10	1.635 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
06 Wed Mar 2024	640.60	670.20	681.45	637.55	0.077 times
29 Thu Feb 2024	663.55	714.90	729.90	620.10	1.056 times
31 Wed Jan 2024	714.85	639.15	733.95	619.05	1.071 times
29 Fri Dec 2023	639.15	567.15	676.25	535.65	0.734 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Banco Products ( (BANCOINDIA) ) based on a short 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 short to mid 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 mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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

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

Banco Products Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red 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 but buying is losing 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 662.07 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 negative.

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