Stock Information Portal

Price and trend forecast of BANKINDIA for Tomorrow, Weekly, Monthly

Bank of India

Symbol: NSE:BANKINDIA

ISIN: INE084A01016

132.45

As on 2024-05-27

69.50 (52W Low) 157.95 (52W High)

BANKINDIA's Today's Performance

Bank of India started the day by opening at 130.75 today 2024-05-27. Its shares reached a high of 133.70 and dipped to a low of 129.00 in intraday. When the markets closed, BANKINDIA’s stock price settled at ₹132.45 per share. Also check out its key support and resistance levels.

BANKINDIA Buy/Sell Targets

Tomorrow, buy BANKINDIA when its price reaches ₹ 132.45 with a stop-loss order at ₹ 130.75. You can set the target price as ₹ 134.15 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of BANKINDIA for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for BANKINDIA

Downside Targets Value in ₹
Tomorrow Down Target 1 134
Tomorrow Down Target 2 136
Tomorrow Down Target 3 139

Important Levels for BANKINDIA

Holding Levels Value in ₹
Tomorrow Up Target 1 130
Tomorrow Up Target 2 127
Tomorrow Up Target 3 125
Based on where the stock opens tomorrow, if BANKINDIA opens on a positive note, our first target will be ₹134. If Target 1 is achieved, we will aim for Target 2 which is ₹136.

But if BANKINDIA falls below the average value of ₹131.72, you can enter a sell side position with target number 1 - ₹130 and second target - ₹127 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of BANKINDIA

Looking at BANKINDIA, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, BANKINDIA has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for BANKINDIA is moderate bullish.

Tomorrow's Volume based share price Forecast for BANKINDIA

BANKINDIA's Volume is currently in a Decreasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is 15%.

Reversal detection for BANKINDIA

Predicted trend chart of BANKINDIA tomorrow for price forecast
BANKINDIA may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹130 in morning tomorrow
Target 1 tomorrow134
Target 2 tomorrow135
Target 3 tomorrow136
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with BANKINDIA's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if BANKINDIA opens on a positive note, our first target will be ₹134.43. If Target 1 is achieved, we will aim for Target 2 which is ₹136.42.

But if BANKINDIA falls below the average value of ₹131.72, you can enter a sell side position with target number 1 - ₹129.73 and second target - ₹127.02

BANKINDIA's Weekly Targets
1st Up Target 134.43
2nd Up Target 136.42
1st Down Target 129.73
2nd Down Target 127.02

As the week for BANKINDIA ended on bullish sentiments, we can expect further continuation of this sentiment. BANKINDIA's initial target will be 134.43 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 129.73 in the upcoming week.

Weekly OHLC Values
Open 130.75
High 133.70
Low 129.00
Close 132.45

Week for BANKINDIA started with an open price of 130.75, and the close was at 132.45. BANKINDIA reached the highest of 133.70 and dipped lowest up to 129.00 last week. This indicates a bullish sentiment for the week.

BANKINDIA full month swing targets
Monthly Up Target 1 139.13
Monthly Up Target 2 141.12
Monthly Down Target 1 125.03
Monthly Down Target 2 117.62

Targets of ₹139.13 can be expected to be reached in the coming month. Once BANKINDIA achieved this target, we can aim for the next upside target of ₹141.12.

BANKINDIA if fails to hold upside, down targets of ₹125.03 and ₹117.62 can be achieved by end of this month.

For complete three weeks if BANKINDIA is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as BANKINDIA

Symbol Name Industry
HDFCBANK HDFC Bank Limited Banks - Regional
ICICIBANK ICICI Bank Limited Banks - Regional
SBIN State Bank of India Banks - Regional
LICI Life Insurance Corporation Of India Insurance - Life
BAJFINANCE Bajaj Finance Limited Credit Services

Summary

BANKINDIA is expected to reach the target of 134.43 in tomorrow's trading session.

After achieving the initial target in BANKINDIA, we will aim for higher targets of 136.42 tomorrow.

However, if BANKINDIA starts to trade below ₹131.72, then we will shift our focus to the sell side and aim for down targets of 129.73 and 127.02.