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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 2024-06-11 View latest technical analysis

10 day averaged volume of Binani Industries is 19517

Date	Daily Closing Price	Open	High	Low	Volume
11 Tue Jun 2024	16.67	16.50	17.00	16.50	0.618 times
10 Mon Jun 2024	16.49	17.00	17.20	16.18	0.922 times
07 Fri Jun 2024	16.45	17.05	17.10	15.85	0.52 times
06 Thu Jun 2024	16.30	16.00	16.50	15.80	1.365 times
05 Wed Jun 2024	15.75	15.50	16.15	15.50	0.326 times
04 Tue Jun 2024	16.30	16.50	17.45	16.05	1.203 times
03 Mon Jun 2024	16.90	18.15	18.15	16.45	2.035 times
31 Fri May 2024	17.30	17.25	17.35	16.20	1.198 times
30 Thu May 2024	16.55	17.70	17.70	16.15	0.739 times
22 Mon Apr 2024	15.35	14.65	15.50	14.65	0.964 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 16.6, but if it comes below 16.6, then a intra day sell could be more profitable.
If you take a sell trade below 16.6, then use 16.6 as stoploss and 16 as target. However if you take a buy trade in stock , then use 16.6 as stoploss and 17.3 as target.

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	17.20
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	16.17
Downside Intraday Target	15.66
Upside Intraday Target	17.19
Upside Intraday Target	17.7
Upside Intraday Target	16.68

Weekly technical analysis of Binani Industries (BINANIIND_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Tue Jun 2024	16.67	17.00	17.20	16.18	0.283 times
07 Fri Jun 2024	16.45	18.15	18.15	15.50	1.878 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

Price has moved up 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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
11 Tue Jun 2024	16.67	18.15	18.15	15.50	3.608 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 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 Binani Industries ( (BINANIIND_BE) ) based on a short 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 short to mid 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 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 losing 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. Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green 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 SELL signal in short term and selling is picking up 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 Binani Industries is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 16.5 and Binani Industries (BINANIIND_BE) 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 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.