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(BINANIIND) Binani Industries complete technical analysis [charts+indicators] | Buy/Sell Binani Industries | (BINANIIND) share price targets

Complete technical analysis of Binani Industries (BINANIIND) by charts plus indicators, forecast predictions and share price targets for Binani Industries (BINANIIND)

Binani Industries trades in NSE in Holding Companies sector.

10 day averaged volume of Binani Industries is 23894

Date	Daily Closing Price	Open	High	Low	Volume
06 Tue Jun 2023	21.90	21.95	22.40	21.75	0.731 times
05 Mon Jun 2023	21.85	21.65	22.40	21.55	0.93 times
02 Fri Jun 2023	22.05	22.30	22.75	21.95	0.601 times
01 Thu Jun 2023	22.05	22.40	22.40	21.05	1.281 times
31 Wed May 2023	21.95	22.20	23.20	21.80	1.091 times
30 Tue May 2023	22.20	21.60	22.75	21.60	0.887 times
29 Mon May 2023	22.20	22.50	23.65	22.05	1.238 times
26 Fri May 2023	22.80	23.25	24.20	22.55	0.882 times
25 Thu May 2023	23.35	24.35	24.45	23.05	0.727 times
24 Wed May 2023	23.85	24.20	24.20	22.65	0.919 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 22, but if it comes above 22, then a intra day buy could be more profitable.
If you take a sell trade below 22, then use 22 as stoploss and 21 as target. However if you take a buy trade in stock , then use 22 as stoploss and 22.91 as target.

Share price targets for Binani Industries (BINANIIND)

Target Type	Value
Downside Target	12.20
Downside Target	13.55
Downside Target	14.40
Downside Target	17.10
Downside Target	19.45
Downside Target	21.05
Upside Target	22.40
Upside Target	23.65
Upside Target	24.50
Upside Target	24.80
Upside Target	25.20
Upside Target	28.90
Upside Target	35.60

Intraday share price targets for Binani Industries (BINANIIND)

Target Type	Value
Downside Intraday Target	21.5
Downside Intraday Target	21.1
Upside Intraday Target	22.35
Upside Intraday Target	22.8
Upside Intraday Target	21.95

Weekly technical analysis of Binani Industries (BINANIIND)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Tue Jun 2023	21.90	21.65	22.40	21.55	0.326 times
02 Fri Jun 2023	22.05	22.50	23.65	21.05	0.764 times
26 Fri May 2023	22.80	24.80	24.80	22.55	0.43 times
19 Fri May 2023	24.85	23.95	25.20	21.35	0.585 times
12 Fri May 2023	23.30	23.20	24.50	21.35	4.226 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 Binani Industries (BINANIIND)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Tue Jun 2023	21.90	22.40	22.75	21.05	0.061 times
31 Wed May 2023	21.95	21.80	25.20	19.45	0.44 times
28 Fri Apr 2023	21.30	26.35	28.90	17.10	6.967 times
31 Fri Mar 2023	27.70	14.40	35.60	14.40	6.291 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 Binani Industries (BINANIIND)

Price action analysis of Binani Industries ( (BINANIIND) ) 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 Binani Industries ( (BINANIIND) ) 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 Binani Industries ( (BINANIIND) ) 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 Binani Industries ( (BINANIIND) ) 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 Binani Industries stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Binani Industries in short term and the sell signal is strong.

Binani Industries 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 moving up

CCI has generated a buy signal for Binani Industries in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Binani Industries is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 22.39 and Binani Industries (BINANIIND) 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 Binani Industries (BINANIIND) stock. Volume based technical analysis of Binani Industries (BINANIIND) stock is negative.

Binani Industries Stock has given negative 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.