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Technicals for Bank of India Limited
By MusingTheNews
2026-02-02 20:25
Overall Technical outlook
Price Summary
Bank of India Limited's stock began trading at 150.44 on 2026-02-02, soared to 152.4, dipped to 146.4, and finished the day 0.82% up at 151.67, with 17963467 shares exchanged. The stock's highest price in the past 52 weeks is 167.34, while its lowest price during the same period is 93.96. The price outlook for BANKINDIA is between 120.0 and 190.0, with an average expectation of 157.33333, as estimated by 6 analysts.
Technicals
Support and Resistance: The current price of 151.67 for BANKINDIA is supported at 147.72 and faces resistance at 163.17. These levels indicate that 147.72 could act as a floor, while 163.17 might limit any further price increases. Support/Resistance for BANKINDIA
Aroon: The AROON is currently neutral, showing no clear bias toward a rising or falling trend. This lack of directional clarity suggests that the market may be in a holding pattern, awaiting further developments. Aroon chart for Bank of India Limited
Bol. Bands: The BOLL BANDS is showing a neutral stance, not indicating a clear upward or downward trend for Bank of India Limited. This suggests a period of market balance, where neither side is showing dominance. Bolinger Bands chart for Bank of India Limited
Parabolic SAR: The PSAR has shifted direction from bullish to bearish, indicating a possible trend change. If this reversal is confirmed by other indicators, it could signal a strong bearish trend. Investors should consider this as a warning sign and watch for further confirmation before making any moves. Parabolic Stop and Reverse chart for Bank of India Limited
Stochastic: The current state of the STOCHASTIC is neutral, offering no clear signals of movement in either direction. This suggests a potential pause in market activity, with no strong trend emerging at the moment. Stochastic chart for Bank of India Limited
Tripple Moving Agerage: The 20, 50, and 100 moving averages are currently aligned bearishly, pointing to a downtrend. However, the slopes of the 20 and 50 SMAs are showing signs of wavering, suggesting that this bearish momentum may be weakening. This could indicate that a bullish reversal is imminent, with the market potentially shifting from its current downward trend to a more positive, upward trajectory. Tripple SMA chart for Bank of India Limited
Before focusing on a company's technical data, such as stock price movements, it's essential to analyze its fundamentals. These include factors like profitability, cash flow, and debt management. Additionally, considering the broader industry landscape—including market trends, competition, and regulatory changes—offers deeper insights. This comprehensive approach allows for a more meaningful interpretation of the company's technical indicators, providing a clearer picture of its financial health and future prospects.
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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