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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 2024-05-06 View latest technical analysis

10 day averaged volume of Banco Products is 61425

Date	Daily Closing Price	Open	High	Low	Volume
06 Mon May 2024	609.90	622.80	622.80	604.20	0.626 times
03 Fri May 2024	622.80	630.20	635.00	618.50	0.853 times
02 Thu May 2024	630.15	623.85	636.40	623.85	0.562 times
30 Tue Apr 2024	623.85	629.65	632.25	620.00	0.683 times
29 Mon Apr 2024	625.65	642.00	642.00	624.00	1.004 times
26 Fri Apr 2024	628.85	631.00	634.95	621.50	0.57 times
25 Thu Apr 2024	631.45	619.00	649.70	618.10	3.445 times
24 Wed Apr 2024	619.25	621.00	632.00	617.00	0.831 times
23 Tue Apr 2024	625.35	619.35	629.10	617.25	0.574 times
22 Mon Apr 2024	615.50	615.65	623.40	612.35	0.616 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 609.3 as stoploss in an intra day buy trade for a target of 619.14. However, stock will show a bearish move below 609.3.

Share price targets for Banco Products (BANCOINDIA)

Target Type	Value
Downside Target	512.00
Downside Target	575.05
Downside Target	604.20
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	601.8
Downside Intraday Target	593.7
Upside Intraday Target	620.4
Upside Intraday Target	630.9
Upside Intraday Target	612.3

Weekly technical analysis of Banco Products (BANCOINDIA)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Mon May 2024	609.90	622.80	622.80	604.20	0.202 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
06 Mon May 2024	609.90	623.85	636.40	604.20	0.088 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 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 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.

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 BUY signal for Banco Products in short term but the buy signal is initial and weak.

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 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 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 625.56 and Banco Products (BANCOINDIA) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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.