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

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

Kanani Industries trades in NSE in Other Apparels & Accessories sector.

Showing technical analysis as on 2024-01-31 View latest technical analysis

10 day averaged volume of Kanani Industries is 2019662

Date	Daily Closing Price	Open	High	Low	Volume
31 Wed Jan 2024	5.80	5.80	5.80	5.80	0.102 times
30 Tue Jan 2024	5.55	5.55	5.55	5.55	0.13 times
29 Mon Jan 2024	10.55	10.05	10.55	9.65	3.941 times
25 Thu Jan 2024	10.05	10.05	10.05	10.05	0.289 times
24 Wed Jan 2024	9.60	9.60	9.60	9.15	0.398 times
23 Tue Jan 2024	9.15	9.15	9.15	9.10	0.836 times
22 Mon Jan 2024	8.75	8.60	8.75	8.55	0.542 times
19 Fri Jan 2024	8.35	8.70	8.70	8.05	0.56 times
18 Thu Jan 2024	8.30	8.30	8.55	7.90	0.956 times
17 Wed Jan 2024	8.30	8.65	8.65	8.30	1.172 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 5.9, for a target of 7.3 or 8.42

Share price targets for Kanani Industries (KANANIIND)

Target Type	Value
Downside Target	5.55
Upside Target	6.95
Upside Target	7.25
Upside Target	7.50
Upside Target	7.90
Upside Target	8.15
Upside Target	8.50
Upside Target	9.20
Upside Target	9.30
Upside Target	10.05
Upside Target	10.10
Upside Target	10.55

Intraday share price targets for Kanani Industries (KANANIIND)

Target Type	Value
Downside Intraday Target	4.05
Downside Intraday Target	2.3
Upside Intraday Target	9.05
Upside Intraday Target	12.3
Upside Intraday Target	7.3

Weekly technical analysis of Kanani Industries (KANANIIND)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Wed Jan 2024	5.80	10.05	10.55	5.55	2.022 times
25 Thu Jan 2024	10.05	8.60	10.05	8.55	0.449 times
19 Fri Jan 2024	8.35	7.95	8.70	7.90	0.812 times
12 Fri Jan 2024	7.95	8.85	9.20	7.90	2.424 times
05 Fri Jan 2024	8.55	7.60	8.60	7.50	1.507 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 Kanani Industries (KANANIIND)

Date	Monthly Closing Price	Open	High	Low	Volume
31 Wed Jan 2024	5.80	7.60	10.55	5.55	0.923 times
29 Fri Dec 2023	7.45	7.45	9.30	6.95	4.64 times
30 Thu Nov 2023	7.45	8.10	8.15	6.95	0.521 times
31 Tue Oct 2023	7.95	8.05	10.10	7.05	7.177 times

Scroll below to view daily charts

Price has moved down 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 Kanani Industries (KANANIIND)

Price action analysis of Kanani Industries ( (KANANIIND) ) 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 Kanani Industries ( (KANANIIND) ) 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 Kanani Industries ( (KANANIIND) ) 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 Kanani Industries ( (KANANIIND) ) 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 Kanani Industries stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Kanani Industries in short term and the sell signal is strong.

Kanani 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 Kanani Industries in short term but BUY signal is weak.

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 Kanani 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 9.45 and Kanani Industries (KANANIIND) 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 Kanani Industries (KANANIIND) stock. Volume based technical analysis of Kanani Industries (KANANIIND) stock is negative.

Kanani Industries Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.