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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 2024-05-08 View latest technical analysis

10 day averaged volume of Bannari Amman is 1296

Date	Daily Closing Price	Open	High	Low	Volume
08 Wed May 2024	2535.45	2490.10	2549.90	2490.10	0.471 times
07 Tue May 2024	2531.60	2554.80	2573.45	2515.50	0.585 times
06 Mon May 2024	2539.20	2645.00	2648.35	2510.00	1.423 times
03 Fri May 2024	2606.55	2732.80	2732.80	2549.55	2.298 times
02 Thu May 2024	2696.35	2660.90	2725.00	2650.35	1.37 times
30 Tue Apr 2024	2650.35	2628.25	2659.05	2613.05	0.601 times
29 Mon Apr 2024	2594.70	2563.45	2659.00	2563.45	1.237 times
26 Fri Apr 2024	2606.15	2630.00	2663.35	2580.00	0.501 times
25 Thu Apr 2024	2627.90	2590.00	2639.25	2590.00	0.601 times
24 Wed Apr 2024	2592.15	2554.00	2607.90	2540.00	0.678 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2556.2, but if it comes above 2556.2, then a intra day buy could be more profitable.
If you take a sell trade below 2556.2, then use 2556.2 as stoploss and 2506.3 as target. However if you take a buy trade in stock , then use 2556.2 as stoploss and 2597.81 as target.

Share price targets for Bannari Amman (BANARISUG)

Target Type	Value
Downside Target	2250.00
Downside Target	2303.00
Downside Target	2490.10
Upside Target	2619.95
Upside Target	2660.45
Upside Target	2663.35
Upside Target	2697.00
Upside Target	2711.45
Upside Target	2732.80
Upside Target	2848.85

Intraday share price targets for Bannari Amman (BANARISUG)

Target Type	Value
Downside Intraday Target	2467.58
Downside Intraday Target	2399.72
Upside Intraday Target	2625.83
Upside Intraday Target	2716.22
Upside Intraday Target	2557.97

Weekly technical analysis of Bannari Amman (BANARISUG)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Wed May 2024	2535.45	2645.00	2648.35	2490.10	0.45 times
03 Fri May 2024	2606.55	2563.45	2732.80	2549.55	1.722 times
26 Fri Apr 2024	2606.15	2589.90	2663.35	2500.70	1.192 times
19 Fri Apr 2024	2589.15	2360.00	2660.45	2360.00	0.969 times
12 Fri Apr 2024	2579.45	2664.00	2711.45	2550.00	0.286 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 Bannari Amman (BANARISUG)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Wed May 2024	2535.45	2660.90	2732.80	2490.10	0.305 times
30 Tue Apr 2024	2650.35	2303.00	2711.45	2303.00	0.992 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

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 Bannari Amman (BANARISUG)

Price action analysis of Bannari Amman ( (BANARISUG) ) based on a short 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.

Price action analysis of Bannari Amman ( (BANARISUG) ) based on a short to mid 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 Bannari Amman ( (BANARISUG) ) based on a mid to longer term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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

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

Bannari Amman Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 moving up

CCI has generated a SELL signal for Bannari Amman 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 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 2602.91 and Bannari Amman (BANARISUG) 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 Bannari Amman (BANARISUG) stock. Volume based technical analysis of Bannari Amman (BANARISUG) stock is negative.

Bannari Amman 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.