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Technicals for Bank of India Limited
By MusingTheNews
2025-06-13 20:25
Overall Technical outlook
Price Summary
On 2025-06-12, Bank of India Limited's stock opened at 124.22, reached a high of 125.15, dropped to a low of 122.29, and closed down -1.17% at 122.77, with a trading volume of 8809769 shares. Over the course of 52 weeks, the stock peaked at 129.31 and hit a low of 90.35. BANKINDIA's future price is expected to lie between 100.0 and 130.0, with an average expectation of 120.8, as per the recommendations of 5 analysts.
Technicals
Support and Resistance: The price is currently at 122.77, supported by 118.83 and resisted by 126.28. This indicates a range where 118.83 may provide a base for the price, while 126.28 serves as a cap on further upward movement for BANKINDIA. Support/Resistance for BANKINDIA
Aroon: The AROON is neutral, showing no definitive signals of a trend either upward or downward. This neutral stance indicates a period of market indecision, where the direction is unclear. Aroon chart for Bank of India Limited
Bol. Bands: The current state of the BOLL BANDS is neutral, providing no clear signals for either an upward or downward movement. This indicates that the market may be in a state of equilibrium, with no strong momentum in either direction. Bolinger Bands chart for Bank of India Limited
Parabolic SAR: The PSAR has just reversed from bullish to bearish, signaling a potential trend change. If this move is confirmed by other indicators, it could indicate a strong bearish trend. Investors should be cautious and watch for further signs of a market downturn before acting. Parabolic Stop and Reverse chart for Bank of India Limited
Stochastic: The STOCHASTIC is neutral, showing no definitive signals of a trend either upward or downward. This neutral stance indicates a period of market indecision, where the direction is unclear. Stochastic chart for Bank of India Limited
Tripple Moving Agerage: The 20, 50, and 100 moving averages are currently aligned bearishly, indicating a downtrend. However, the slopes of the 20 and 50 SMAs are starting to waver, suggesting that this bearish momentum might be fading. This could be an early indication of a potential bullish reversal, as the market's current downward trend loses strength and prepares for a possible shift towards more positive price action. Tripple SMA chart for Bank of India Limited
A thorough analysis of a company involves looking beyond its stock price movements and trading patterns. You must also examine its fundamentals, which include profitability, growth prospects, and competitive advantages. Additionally, the industry in which the company operates provides important context, as factors like technological innovations, regulation, and market demand influence performance. By integrating this information with technical analysis, more accurate predictions about the company's future can be made.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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