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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 2024-06-20 View latest technical analysis

10 day averaged volume of Binani Industries is 15579

Date	Daily Closing Price	Open	High	Low	Volume
20 Thu Jun 2024	16.02	16.46	16.54	15.81	0.48 times
19 Wed Jun 2024	16.14	16.25	16.46	15.65	0.655 times
18 Tue Jun 2024	16.25	15.90	16.73	15.90	1.015 times
14 Fri Jun 2024	16.39	16.23	16.87	16.00	1.992 times
13 Thu Jun 2024	16.56	16.22	16.96	16.21	0.733 times
12 Wed Jun 2024	16.42	16.67	17.24	16.30	0.906 times
11 Tue Jun 2024	16.67	16.50	17.00	16.50	0.774 times
10 Mon Jun 2024	16.49	17.00	17.20	16.18	1.155 times
07 Fri Jun 2024	16.45	17.05	17.10	15.85	0.652 times
06 Thu Jun 2024	16.30	16.00	16.50	15.80	1.71 times

My analysis of stock is bearish for shortterm, and stock might move down till 15.6 or till 14.9. Use a stoploss of 16.17 and if the stock hits stoploss, then it can shoot up till 16.72

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
Upside Target	16.70
Upside Target	17.24
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	15.54
Downside Intraday Target	15.05
Upside Intraday Target	16.62
Upside Intraday Target	17.21
Upside Intraday Target	16.13

Weekly technical analysis of Binani Industries (BINANIIND_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Thu Jun 2024	16.02	15.90	16.73	15.65	0.387 times
14 Fri Jun 2024	16.39	17.00	17.24	16.00	0.815 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

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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
20 Thu Jun 2024	16.02	18.15	18.15	15.50	5.991 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 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 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 SELL signal for Binani Industries in short term but the sell signal is initial and weak.

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 green color and prices are in or below the green cloud Prices appear to be coming down

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

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

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 16.38 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.