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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 2024-05-27 View latest technical analysis

10 day averaged volume of Bannari Amman is 831

Date	Daily Closing Price	Open	High	Low	Volume
27 Mon May 2024	2411.70	2443.80	2443.80	2405.55	0.696 times
24 Fri May 2024	2431.55	2421.20	2449.00	2395.10	2.872 times
23 Thu May 2024	2449.50	2464.45	2493.90	2399.95	1.842 times
22 Wed May 2024	2465.90	2484.55	2504.40	2399.00	2.045 times
21 Tue May 2024	2490.05	2547.00	2547.00	2480.55	0.639 times
18 Sat May 2024	2524.55	2530.30	2551.00	2462.05	0.285 times
17 Fri May 2024	2530.30	2534.15	2544.00	2511.15	0.232 times
16 Thu May 2024	2517.40	2485.25	2568.10	2485.25	0.363 times
15 Wed May 2024	2497.85	2525.95	2566.20	2452.50	0.747 times
14 Tue May 2024	2536.95	2486.55	2563.95	2484.85	0.415 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2457.6, but if it comes above 2457.6, then a intra day buy could be more profitable.
If you take a sell trade below 2457.6, then use 2457.6 as stoploss and 2376.1 as target. However if you take a buy trade in stock , then use 2457.6 as stoploss and 2525.39 as target.

Share price targets for Bannari Amman (BANARISUG)

Target Type	Value
Downside Target	2250.00
Downside Target	2303.00
Upside Target	2547.00
Upside Target	2568.10
Upside Target	2619.95
Upside Target	2648.35
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	2396.9
Downside Intraday Target	2382.1
Upside Intraday Target	2435.15
Upside Intraday Target	2458.6
Upside Intraday Target	2420.35

Weekly technical analysis of Bannari Amman (BANARISUG)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Mon May 2024	2411.70	2443.80	2443.80	2405.55	0.094 times
24 Fri May 2024	2431.55	2547.00	2547.00	2395.10	2.838 times
18 Sat May 2024	2524.55	2537.00	2568.10	2452.50	0.519 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

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
27 Mon May 2024	2411.70	2660.90	2732.80	2395.10	0.681 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 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 gaining momentum.

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

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 2461.23 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.