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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 2024-07-04 View latest technical analysis

10 day averaged volume of Binani Industries is 20991

Date	Daily Closing Price	Open	High	Low	Volume
04 Thu Jul 2024	15.83	16.20	16.20	15.51	0.695 times
03 Wed Jul 2024	16.29	16.19	16.35	15.38	2.695 times
02 Tue Jul 2024	16.19	16.50	16.50	15.89	0.279 times
01 Mon Jul 2024	16.12	16.29	16.29	15.80	0.55 times
28 Fri Jun 2024	15.76	15.40	16.00	15.35	0.908 times
27 Thu Jun 2024	15.63	15.80	16.15	15.50	1.313 times
26 Wed Jun 2024	15.85	16.68	16.68	15.67	1.081 times
25 Tue Jun 2024	16.08	16.00	16.44	15.82	1.016 times
24 Mon Jun 2024	16.18	16.07	16.59	15.50	0.406 times
21 Fri Jun 2024	16.07	16.48	16.55	15.80	1.396 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 15.9, but if it comes above 15.9, then a intra day buy could be more profitable.
If you take a sell trade below 15.9, then use 15.9 as stoploss and 15.6 as target. However if you take a buy trade in stock , then use 15.9 as stoploss and 16.18 as target.

Share price targets for Binani Industries (BINANIIND_BE)

Target Type	Value
Downside Target	13.30
Downside Target	13.85
Downside Target	15.35
Upside Target	16.00
Upside Target	16.50
Upside Target	16.70
Upside Target	16.73
Upside Target	17.24
Upside Target	17.70
Upside Target	18.15

Intraday share price targets for Binani Industries (BINANIIND_BE)

Target Type	Value
Downside Intraday Target	15.31
Downside Intraday Target	14.78
Upside Intraday Target	16.43
Upside Intraday Target	17.02
Upside Intraday Target	15.9

Weekly technical analysis of Binani Industries (BINANIIND_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Thu Jul 2024	15.83	16.29	16.50	15.38	0.893 times
28 Fri Jun 2024	15.76	16.07	16.68	15.35	1.579 times
21 Fri Jun 2024	16.07	15.90	16.73	15.65	0.725 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

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
04 Thu Jul 2024	15.83	16.29	16.50	15.38	0.25 times
28 Fri Jun 2024	15.76	18.15	18.15	15.35	9.389 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

Scroll below to view daily charts

Price has moved up 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_BE)

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 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_BE) ) 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_BE) ) based on a mid to longer 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.

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 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 tired and bears are picking up momentum.

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 SELL signal for Binani Industries in short term and SELL signal is strong!

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 16.02 and Binani Industries (BINANIIND_BE) 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_BE) stock. Volume based technical analysis of Binani Industries (BINANIIND_BE) 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.