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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 2024-09-23 View latest technical analysis

10 day averaged volume of Binani Industries is 21211

Date	Daily Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	18.52	18.52	20.00	18.52	1.913 times
20 Fri Sep 2024	19.50	19.50	20.20	19.50	0.711 times
19 Thu Sep 2024	20.53	22.02	22.40	20.53	3.396 times
15 Mon Jul 2024	16.16	16.65	16.65	15.70	0.555 times
12 Fri Jul 2024	16.38	16.50	16.74	16.06	0.846 times
11 Thu Jul 2024	16.06	15.02	16.22	15.02	1.414 times
10 Wed Jul 2024	15.45	15.57	15.78	15.31	0.747 times
09 Tue Jul 2024	15.57	15.60	15.86	15.50	0.461 times
08 Mon Jul 2024	15.73	15.21	16.13	15.21	0.502 times
05 Fri Jul 2024	15.79	15.61	16.23	15.61	0.681 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 17.8, but if it comes below 17.8, then a intra day sell could be more profitable.
If you take a sell trade below 17.8, then use 17.8 as stoploss and 16.48 as target. However if you take a buy trade in stock , then use 17.8 as stoploss and 19.4 as target.

Share price targets for Binani Industries (BINANIIND_BE)

Target Type	Value
Downside Target	13.85
Downside Target	15.02
Downside Target	15.35
Downside Target	15.70
Downside Target	16.15
Downside Target	16.50
Downside Target	17.70
Downside Target	18.15
Downside Target	18.52
Upside Target	20.00
Upside Target	22.40

Intraday share price targets for Binani Industries (BINANIIND_BE)

Target Type	Value
Downside Intraday Target	18.03
Downside Intraday Target	17.53
Upside Intraday Target	19.51
Upside Intraday Target	20.49
Upside Intraday Target	19.01

Weekly technical analysis of Binani Industries (BINANIIND_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	18.52	18.52	20.00	18.52	0.41 times
20 Fri Sep 2024	19.50	16.65	22.40	15.70	1.174 times
12 Fri Jul 2024	16.38	15.21	16.74	15.02	0.817 times
05 Fri Jul 2024	15.79	16.29	16.50	15.38	1.039 times
28 Fri Jun 2024	15.76	16.07	16.68	15.35	1.579 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
23 Mon Sep 2024	18.52	22.02	22.40	18.52	0.642 times
15 Mon Jul 2024	16.16	16.29	16.74	15.02	0.561 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

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 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 short 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 short to mid 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 mid to longer 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.

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 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 but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 17.99 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.