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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 2024-03-15 View latest technical analysis

10 day averaged volume of Banco Products is 100729

Date	Daily Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	572.25	590.40	599.40	557.00	1.305 times
14 Thu Mar 2024	590.40	520.00	594.90	515.20	1.619 times
13 Wed Mar 2024	521.75	583.00	592.80	512.00	2.876 times
12 Tue Mar 2024	581.45	615.40	629.80	577.25	1.333 times
11 Mon Mar 2024	612.95	636.90	636.90	605.50	0.624 times
07 Thu Mar 2024	632.05	641.95	649.75	630.40	0.478 times
06 Wed Mar 2024	640.60	660.00	660.00	637.55	0.944 times
05 Tue Mar 2024	661.30	660.25	672.00	658.15	0.516 times
04 Mon Mar 2024	664.10	675.00	679.30	660.50	0.621 times
02 Sat Mar 2024	671.00	674.65	680.00	660.10	0.09 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 598.7, but if it comes above 598.7, then a intra day buy could be more profitable.
If you take a sell trade below 598.7, then use 598.7 as stoploss and 549.9 as target. However if you take a buy trade in stock , then use 598.7 as stoploss and 639.38 as target.

Share price targets for Banco Products (BANCOINDIA)

Target Type	Value
Downside Target	447.00
Downside Target	512.00
Downside Target	535.65
Upside Target	617.75
Upside Target	655.50
Upside Target	670.00
Upside Target	679.30
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	510.53
Downside Intraday Target	448.82
Upside Intraday Target	635.43
Upside Intraday Target	698.62
Upside Intraday Target	573.72

Weekly technical analysis of Banco Products (BANCOINDIA)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	572.25	636.90	636.90	512.00	3.032 times
07 Thu Mar 2024	632.05	675.00	679.30	630.40	0.266 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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Banco Products (BANCOINDIA)

Date	Monthly Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	572.25	670.20	681.45	512.00	0.282 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 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 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 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 Strong 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 weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Banco Products in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 584.43 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.