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(BANARISUG) Bannari Amman complete technical analysis [charts+indicators] | Buy/Sell Bannari Amman | (BANARISUG) share price targets

Complete technical analysis of Bannari Amman (BANARISUG) by charts plus indicators, forecast predictions and share price targets for Bannari Amman (BANARISUG)

Bannari Amman trades in NSE in Sugar sector.

Showing technical analysis as on 2024-04-04 View latest technical analysis

10 day averaged volume of Bannari Amman is 1659

Date	Daily Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	2619.15	2514.75	2630.30	2500.90	1.696 times
03 Wed Apr 2024	2481.30	2418.90	2523.95	2392.40	2.052 times
02 Tue Apr 2024	2433.50	2386.90	2436.00	2366.00	0.625 times
01 Mon Apr 2024	2365.75	2303.00	2370.00	2303.00	0.682 times
28 Thu Mar 2024	2302.70	2358.90	2358.90	2295.00	0.945 times
27 Wed Mar 2024	2308.25	2390.00	2390.00	2283.80	1.618 times
26 Tue Mar 2024	2360.95	2353.00	2390.00	2351.10	0.77 times
22 Fri Mar 2024	2351.00	2395.00	2395.00	2319.05	0.68 times
21 Thu Mar 2024	2373.90	2370.50	2407.00	2350.05	0.759 times
20 Wed Mar 2024	2338.95	2310.00	2385.55	2310.00	0.696 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 2650.9, for a target of 2524.6 or 2419.38

Share price targets for Bannari Amman (BANARISUG)

Target Type	Value
Downside Target	2250.00
Downside Target	2550.50
Downside Target	2600.00
Upside Target	2619.95
Upside Target	2630.30
Upside Target	2697.00
Upside Target	2699.90
Upside Target	2848.85

Intraday share price targets for Bannari Amman (BANARISUG)

Target Type	Value
Downside Intraday Target	2404.67
Downside Intraday Target	2190.18
Upside Intraday Target	2731.97
Upside Intraday Target	2844.78
Downside Intraday Target	2517.48

Weekly technical analysis of Bannari Amman (BANARISUG)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	2619.15	2303.00	2630.30	2303.00	1.517 times
28 Thu Mar 2024	2302.70	2353.00	2390.00	2283.80	0.851 times
22 Fri Mar 2024	2351.00	2350.00	2407.00	2304.55	0.844 times
15 Fri Mar 2024	2306.45	2589.95	2600.00	2250.00	1.425 times
07 Thu Mar 2024	2589.95	2578.35	2697.00	2550.50	0.543 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Bannari Amman (BANARISUG)

Date	Monthly Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	2619.15	2303.00	2630.30	2303.00	0.318 times
28 Thu Mar 2024	2302.70	2642.60	2697.00	2250.00	0.366 times
29 Thu Feb 2024	2626.20	2446.90	2848.85	2345.00	2.124 times
31 Wed Jan 2024	2414.35	2556.75	2619.95	2385.00	0.558 times

Scroll below to view daily charts

Price has moved up 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 Bannari Amman (BANARISUG)

Price action analysis of Bannari Amman ( (BANARISUG) ) based on a short 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 Bannari Amman ( (BANARISUG) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Bannari Amman ( (BANARISUG) ) based on a mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Bannari Amman stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Bannari Amman in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Bannari Amman Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Bannari Amman in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 Bannari Amman is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2416.16 and Bannari Amman (BANARISUG) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Bannari Amman (BANARISUG) stock. Volume based technical analysis of Bannari Amman (BANARISUG) stock is negative.

Bannari Amman Stock is giving positive 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.