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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.

Showing technical analysis as on 2024-03-04 View latest technical analysis

10 day averaged volume of Bannari Amman is 268690

Date	Daily Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	46.85	48.45	48.45	46.65	0.574 times
02 Sat Mar 2024	48.20	47.80	48.85	47.05	0.084 times
01 Fri Mar 2024	47.80	46.75	49.00	46.75	0.523 times
29 Thu Feb 2024	46.50	47.00	47.85	44.95	1.123 times
28 Wed Feb 2024	46.95	49.20	49.85	46.75	1.394 times
27 Tue Feb 2024	49.00	50.40	50.95	48.40	1.046 times
26 Mon Feb 2024	50.10	50.90	51.30	49.85	0.443 times
23 Fri Feb 2024	50.60	51.25	52.35	50.15	0.853 times
22 Thu Feb 2024	51.45	52.00	52.80	50.15	0.845 times
21 Wed Feb 2024	51.90	51.35	54.35	50.40	3.088 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 47.6, but if it comes above 47.6, then a intra day buy could be more profitable.
If you take a sell trade below 47.6, then use 47.6 as stoploss and 45 as target. However if you take a buy trade in stock , then use 47.6 as stoploss and 49.79 as target.

Share price targets for Bannari Amman (BASML)

Target Type	Value
Downside Target	43.10
Downside Target	44.95
Upside Target	48.45
Upside Target	50.15
Upside Target	51.30
Upside Target	52.80
Upside Target	53.10
Upside Target	54.35
Upside Target	54.80
Upside Target	58.50
Upside Target	59.50

Intraday share price targets for Bannari Amman (BASML)

Target Type	Value
Downside Intraday Target	46.18
Downside Intraday Target	45.52
Upside Intraday Target	47.98
Upside Intraday Target	49.12
Upside Intraday Target	47.32

Weekly technical analysis of Bannari Amman (BASML)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	46.85	48.45	48.45	46.65	0.124 times
02 Sat Mar 2024	48.20	50.90	51.30	44.95	0.789 times
23 Fri Feb 2024	50.60	51.90	54.35	50.15	0.645 times
16 Fri Feb 2024	51.65	51.75	53.10	45.65	0.854 times
09 Fri Feb 2024	51.65	56.00	58.50	50.30	0.464 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 (BASML)

Date	Monthly Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	46.85	46.75	49.00	46.65	0.035 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
29 Fri Dec 2023	47.55	51.00	52.80	46.05	1.129 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 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 ( (BASML) ) 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 ( (BASML) ) based on a short to mid 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 ( (BASML) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 49.53 and Bannari Amman (BASML) 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 (BASML) stock. Volume based technical analysis of Bannari Amman (BASML) 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.