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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 2024-03-18 View latest technical analysis

10 day averaged volume of Bannari Amman is 302065

Date	Daily Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	38.80	39.40	39.80	38.55	1.028 times
15 Fri Mar 2024	38.90	40.55	40.95	37.55	1.599 times
14 Thu Mar 2024	39.65	38.25	41.20	38.25	1.239 times
13 Wed Mar 2024	38.25	42.50	43.55	37.75	1.984 times
12 Tue Mar 2024	41.70	43.00	43.55	41.25	1.181 times
11 Mon Mar 2024	43.30	46.30	46.70	42.90	1.367 times
07 Thu Mar 2024	45.85	45.50	46.75	45.50	0.507 times
06 Wed Mar 2024	44.95	46.40	46.75	44.05	0.791 times
05 Tue Mar 2024	46.15	47.10	47.60	45.00	0.746 times
04 Mon Mar 2024	46.85	48.45	48.45	46.65	0.51 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 41.6, but if it comes above 41.6, then a intra day buy could be more profitable.
If you take a sell trade below 41.6, then use 41.6 as stoploss and 36.4 as target. However if you take a buy trade in stock , then use 41.6 as stoploss and 45.89 as target.

Share price targets for Bannari Amman (BASML)

Target Type	Value
Downside Target	37.55
Downside Target	38.55
Upside Target	39.80
Upside Target	43.10
Upside Target	44.05
Upside Target	44.95
Upside Target	46.05
Upside Target	48.45
Upside Target	50.15
Upside Target	51.30
Upside Target	52.80
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	38.3
Downside Intraday Target	37.8
Upside Intraday Target	39.55
Upside Intraday Target	40.3
Upside Intraday Target	39.05

Weekly technical analysis of Bannari Amman (BASML)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	38.80	39.40	39.80	38.55	0.14 times
15 Fri Mar 2024	38.90	46.30	46.70	37.55	2.885 times
07 Thu Mar 2024	45.85	48.45	48.45	44.05	0.623 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

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
18 Mon Mar 2024	38.80	46.75	49.00	37.55	0.386 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 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 (BASML)

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 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 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.

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 SELL signal in short term but selling 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 41.33 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.