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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 2024-08-28 View latest technical analysis

10 day averaged volume of Bannari Amman is 2131

Date	Daily Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	3109.15	3070.85	3150.00	3070.85	1.883 times
27 Tue Aug 2024	3070.85	3150.00	3152.05	3066.50	0.554 times
26 Mon Aug 2024	3110.10	3185.00	3206.55	3090.00	0.654 times
23 Fri Aug 2024	3185.00	3270.00	3283.55	3140.20	0.692 times
22 Thu Aug 2024	3173.60	3150.00	3176.80	3144.05	0.411 times
21 Wed Aug 2024	3148.65	3205.90	3224.95	3096.90	1.009 times
20 Tue Aug 2024	3162.25	3088.00	3244.00	3050.00	1.617 times
19 Mon Aug 2024	3086.10	3105.95	3140.95	3035.10	1.837 times
16 Fri Aug 2024	3077.40	3076.35	3155.95	3061.45	1.452 times
14 Wed Aug 2024	3067.20	3097.45	3131.90	3045.15	0.7 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 3093.5 as stoploss in an intra day buy trade for a target of 3142.34. However, stock will show a bearish move below 3093.5.

Share price targets for Bannari Amman (BANARISUG)

Target Type	Value
Downside Target	2189.20
Downside Target	2299.05
Downside Target	2711.45
Downside Target	3010.10
Upside Target	3197.30
Upside Target	3206.55
Upside Target	3283.55
Upside Target	3287.00
Upside Target	3300.00
Upside Target	3399.00
Upside Target	3489.90

Intraday share price targets for Bannari Amman (BANARISUG)

Target Type	Value
Downside Intraday Target	3048.25
Downside Intraday Target	2987.35
Upside Intraday Target	3188.3
Upside Intraday Target	3267.45
Upside Intraday Target	3127.4

Weekly technical analysis of Bannari Amman (BANARISUG)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	3109.15	3185.00	3206.55	3066.50	0.555 times
23 Fri Aug 2024	3185.00	3105.95	3283.55	3035.10	1.199 times
16 Fri Aug 2024	3077.40	3197.30	3197.30	3045.15	0.494 times
09 Fri Aug 2024	3154.75	3081.00	3287.00	3011.90	1.109 times
02 Fri Aug 2024	3159.95	3132.40	3300.00	3100.00	1.101 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
28 Wed Aug 2024	3109.15	3230.90	3287.00	3011.90	0.569 times
31 Wed Jul 2024	3209.40	3180.00	3489.90	3010.10	0.628 times
28 Fri Jun 2024	3142.95	2447.00	3399.00	2189.20	6.782 times
31 Fri May 2024	2376.35	2660.90	2732.80	2299.05	0.838 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 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Bannari Amman stock for short term is BUY. Signal strength is Weak 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 red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Bannari Amman in short term but BUY signal is weak.

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 3115.28 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 is giving positive 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.