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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 2024-05-09 View latest technical analysis

10 day averaged volume of Bannari Amman is 1266

Date	Daily Closing Price	Open	High	Low	Volume
09 Thu May 2024	2504.60	2563.00	2563.00	2501.00	0.376 times
08 Wed May 2024	2535.45	2490.10	2549.90	2490.10	0.482 times
07 Tue May 2024	2531.60	2554.80	2573.45	2515.50	0.599 times
06 Mon May 2024	2539.20	2645.00	2648.35	2510.00	1.457 times
03 Fri May 2024	2606.55	2732.80	2732.80	2549.55	2.352 times
02 Thu May 2024	2696.35	2660.90	2725.00	2650.35	1.403 times
30 Tue Apr 2024	2650.35	2628.25	2659.05	2613.05	0.615 times
29 Mon Apr 2024	2594.70	2563.45	2659.00	2563.45	1.266 times
26 Fri Apr 2024	2606.15	2630.00	2663.35	2580.00	0.513 times
25 Thu Apr 2024	2627.90	2590.00	2639.25	2590.00	0.615 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 2492.2, for a target of 2546 or 2590.83

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	2447.02
Downside Intraday Target	2389.43
Upside Intraday Target	2605.27
Upside Intraday Target	2705.93
Upside Intraday Target	2547.68

Weekly technical analysis of Bannari Amman (BANARISUG)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Thu May 2024	2504.60	2645.00	2648.35	2490.10	0.517 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
09 Thu May 2024	2504.60	2660.90	2732.80	2490.10	0.323 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 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 mid to longer 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

ADX buy sell signal for Bannari Amman stock for short term is SELL. Signal strength is Strong and stock is losing 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 coming down

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 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 2599.86 and Bannari Amman (BANARISUG) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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.