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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 2024-08-06 View latest technical analysis

10 day averaged volume of Banco Products is 509081

Date	Daily Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	667.95	683.30	698.90	663.40	0.314 times
05 Mon Aug 2024	681.50	710.55	720.00	676.20	0.551 times
02 Fri Aug 2024	728.00	735.35	755.00	723.00	0.402 times
01 Thu Aug 2024	744.30	761.90	767.45	738.45	0.282 times
31 Wed Jul 2024	759.35	774.00	776.15	756.05	0.252 times
30 Tue Jul 2024	770.10	757.80	778.60	745.65	0.612 times
29 Mon Jul 2024	760.05	779.00	799.15	755.00	1.856 times
26 Fri Jul 2024	760.30	691.75	769.00	691.70	5.535 times
25 Thu Jul 2024	687.05	688.00	692.05	676.25	0.144 times
24 Wed Jul 2024	690.50	683.20	696.35	676.45	0.14 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 671.8, but if it comes above 671.8, then a intra day buy could be more profitable.
If you take a sell trade below 671.8, then use 671.8 as stoploss and 631 as target. However if you take a buy trade in stock , then use 671.8 as stoploss and 705.75 as target.

Share price targets for Banco Products (BANCOINDIA)

Target Type	Value
Downside Target	518.40
Downside Target	557.00
Downside Target	575.05
Downside Target	649.70
Upside Target	719.35
Upside Target	723.00
Upside Target	727.00
Upside Target	729.00
Upside Target	767.45
Upside Target	769.00
Upside Target	799.15

Intraday share price targets for Banco Products (BANCOINDIA)

Target Type	Value
Downside Intraday Target	647.57
Downside Intraday Target	627.18
Upside Intraday Target	704.17
Upside Intraday Target	740.38
Upside Intraday Target	683.78

Weekly technical analysis of Banco Products (BANCOINDIA)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	667.95	710.55	720.00	663.40	0.254 times
02 Fri Aug 2024	728.00	779.00	799.15	723.00	0.54 times
26 Fri Jul 2024	760.30	675.00	769.00	650.00	4.651 times
19 Fri Jul 2024	669.25	705.00	729.00	666.00	0.592 times
12 Fri Jul 2024	699.50	678.80	719.35	658.00	0.709 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 Tue Aug 2024	667.95	761.90	767.45	663.40	0.097 times
31 Wed Jul 2024	759.35	706.80	799.15	650.00	2.054 times
28 Fri Jun 2024	687.70	618.00	727.00	518.40	2.714 times
31 Fri May 2024	593.15	623.85	655.95	557.00	1.016 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 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 to mid term time period is neutral. A longer time frame might give a better analysis.

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 Weak and stock is gaining momentum.

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

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 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 749.9 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.