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(BASML) Bannari Amman complete technical analysis [charts+indicators] | Buy/Sell Bannari Amman | (BASML) share price targets

Complete technical analysis of Bannari Amman (BASML) by charts plus indicators, forecast predictions and share price targets for Bannari Amman (BASML)

Bannari Amman trades in NSE in Textiles sector.

10 day averaged volume of Bannari Amman is 140865

Date	Daily Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	49.25	46.75	49.85	46.00	8.575 times
25 Thu Apr 2024	46.00	44.20	46.25	43.80	3.029 times
24 Wed Apr 2024	43.90	44.00	44.80	43.20	0.905 times
23 Tue Apr 2024	43.80	44.00	44.20	43.30	0.521 times
22 Mon Apr 2024	43.35	43.95	44.15	43.00	0.625 times
19 Fri Apr 2024	43.55	42.30	44.05	41.15	0.897 times
18 Thu Apr 2024	42.30	42.95	42.95	42.00	0.642 times
16 Tue Apr 2024	41.60	41.50	42.35	41.50	0.356 times
15 Mon Apr 2024	41.50	40.50	42.00	40.25	0.933 times
12 Fri Apr 2024	41.95	42.50	43.70	41.40	1.412 times

Stock of Bannari Amman (BASML) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 48.4, for a target of 45.6 or 43.15

Share price targets for Bannari Amman (BASML)

Target Type	Value
Downside Target	37.50
Downside Target	40.25
Downside Target	43.00
Downside Target	44.05
Downside Target	44.95
Downside Target	47.50
Downside Target	49.00
Upside Target	49.85
Upside Target	52.80
Upside Target	58.50
Upside Target	59.50

Intraday share price targets for Bannari Amman (BASML)

Target Type	Value
Downside Intraday Target	44.88
Downside Intraday Target	40.52
Upside Intraday Target	51.73
Upside Intraday Target	54.22
Downside Intraday Target	47.37

Weekly technical analysis of Bannari Amman (BASML)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	49.25	43.95	49.85	43.00	4.829 times
19 Fri Apr 2024	43.55	40.50	44.05	40.25	0.806 times
12 Fri Apr 2024	41.95	44.95	44.95	41.40	0.324 times
05 Fri Apr 2024	44.30	38.00	45.40	38.00	1.253 times
28 Thu Mar 2024	37.80	40.80	40.80	37.50	0.828 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Bannari Amman (BASML)

Date	Monthly Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	49.25	38.00	49.85	38.00	0.742 times
28 Thu Mar 2024	37.80	46.75	49.00	37.50	0.651 times
29 Thu Feb 2024	46.50	57.30	58.50	44.95	0.46 times
31 Wed Jan 2024	57.45	48.25	59.50	47.50	3.978 times

Scroll below to view daily charts

Price has moved up 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 (BASML)

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

Price action analysis of Bannari Amman ( (BASML) ) based on a short to mid 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 ( (BASML) ) 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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Bannari Amman in short term and the buy 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red 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 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 46.4 and Bannari Amman (BASML) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Bannari Amman (BASML) stock. Volume based technical analysis of Bannari Amman (BASML) stock is negative.

Bannari Amman Stock is giving positive 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.