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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 2024-05-17 View latest technical analysis

10 day averaged volume of Bannari Amman is 889

Date	Daily Closing Price	Open	High	Low	Volume
17 Fri May 2024	2530.30	2534.15	2544.00	2511.15	0.217 times
16 Thu May 2024	2517.40	2485.25	2568.10	2485.25	0.34 times
15 Wed May 2024	2497.85	2525.95	2566.20	2452.50	0.699 times
14 Tue May 2024	2536.95	2486.55	2563.95	2484.85	0.388 times
13 Mon May 2024	2488.50	2537.00	2538.65	2476.60	0.526 times
10 Fri May 2024	2504.80	2537.00	2537.00	2498.10	0.55 times
09 Thu May 2024	2504.60	2563.00	2563.00	2501.00	0.535 times
08 Wed May 2024	2535.45	2490.10	2549.90	2490.10	0.686 times
07 Tue May 2024	2531.60	2554.80	2573.45	2515.50	0.853 times
06 Mon May 2024	2539.20	2645.00	2648.35	2510.00	2.074 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 2509.2 as stoploss in an intra day buy trade for a target of 2563.4. However, stock will show a bearish move below 2509.2.

Share price targets for Bannari Amman (BANARISUG)

Target Type	Value
Downside Target	2250.00
Downside Target	2303.00
Downside Target	2452.50
Upside Target	2619.95
Upside Target	2648.35
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	2465.83
Downside Intraday Target	2401.37
Upside Intraday Target	2581.43
Upside Intraday Target	2632.57
Downside Intraday Target	2516.97

Weekly technical analysis of Bannari Amman (BANARISUG)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Fri May 2024	2530.30	2537.00	2568.10	2452.50	0.462 times
10 Fri May 2024	2504.80	2645.00	2648.35	2490.10	0.585 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

Price has moved up 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
17 Fri May 2024	2530.30	2660.90	2732.80	2452.50	0.415 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 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 short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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 and the sell signal is strong.

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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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 buy signal for Bannari Amman in short term and BUY signal is strong.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Bannari Amman is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2522.85 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 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.