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

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

Showing technical analysis as on 2024-06-06 View latest technical analysis

10 day averaged volume of Binani Industries is 15929

Date	Daily Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	16.30	16.00	16.50	15.80	1.672 times
05 Wed Jun 2024	15.75	15.50	16.15	15.50	0.4 times
04 Tue Jun 2024	16.30	16.50	17.45	16.05	1.474 times
03 Mon Jun 2024	16.90	18.15	18.15	16.45	2.493 times
31 Fri May 2024	17.30	17.25	17.35	16.20	1.468 times
30 Thu May 2024	16.55	17.70	17.70	16.15	0.905 times
22 Mon Apr 2024	15.35	14.65	15.50	14.65	1.181 times
19 Fri Apr 2024	15.25	14.85	15.45	14.80	0.893 times
18 Thu Apr 2024	15.55	15.30	15.90	14.75	0.488 times
16 Tue Apr 2024	15.15	15.55	15.55	15.10	0.243 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 16.4 as stoploss in an intra day sell trade for a target of 15.8. However, stock will show a bullish move above 16.4.

Share price targets for Binani Industries (BINANIIND_BE)

Target Type	Value
Downside Target	13.30
Downside Target	13.85
Downside Target	14.65
Downside Target	15.50
Downside Target	15.90
Upside Target	16.95
Upside Target	17.70
Upside Target	18.15
Upside Target	19.80

Intraday share price targets for Binani Industries (BINANIIND_BE)

Target Type	Value
Downside Intraday Target	15.15
Downside Intraday Target	14
Upside Intraday Target	17.8
Upside Intraday Target	19.3
Upside Intraday Target	16.65

Weekly technical analysis of Binani Industries (BINANIIND_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	16.30	18.15	18.15	15.50	1.699 times
31 Fri May 2024	17.30	14.65	17.70	14.65	1.709 times
19 Fri Apr 2024	15.25	15.20	15.90	14.75	1.523 times
12 Fri Apr 2024	15.20	16.40	16.40	15.00	0.315 times
05 Fri Apr 2024	16.05	14.35	16.70	13.85	0.459 times

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

Monthly technical analysis of Binani Industries (BINANIIND_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	16.30	18.15	18.15	15.50	2.545 times
31 Fri May 2024	17.30	17.70	17.70	16.15	0.265 times
22 Mon Apr 2024	15.35	14.35	16.70	13.85	0.216 times
28 Thu Mar 2024	13.95	17.60	17.70	13.30	1.462 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Binani Industries (BINANIIND_BE)

Price action analysis of Binani Industries ( (BINANIIND_BE) ) 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_BE) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Binani Industries ( (BINANIIND_BE) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Binani Industries ( (BINANIIND_BE) ) 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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Binani Industries 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.

Binani Industries Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 Binani Industries 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

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 16.32 and Binani Industries (BINANIIND_BE) 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 Binani Industries (BINANIIND_BE) stock. Volume based technical analysis of Binani Industries (BINANIIND_BE) stock is negative.

Binani Industries 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.