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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 2024-06-05 View latest technical analysis

10 day averaged volume of Kanani Industries is 828835

Date	Daily Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	3.35	3.45	3.50	3.30	1.662 times
04 Tue Jun 2024	3.45	3.70	3.70	3.45	1.725 times
03 Mon Jun 2024	3.60	3.65	3.70	3.60	1.103 times
31 Fri May 2024	3.55	3.70	3.70	3.55	0.476 times
30 Thu May 2024	3.60	3.65	3.65	3.50	0.682 times
29 Wed May 2024	3.55	3.60	3.65	3.50	1.008 times
28 Tue May 2024	3.60	3.75	3.75	3.55	1.246 times
27 Mon May 2024	3.70	3.60	3.75	3.60	0.647 times
07 Wed Feb 2024	7.25	7.25	7.25	7.25	0.233 times
06 Tue Feb 2024	6.95	6.95	6.95	6.95	0.461 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 3.6, but if it comes above 3.6, then a intra day buy could be more profitable.
If you take a sell trade below 3.6, then use 3.6 as stoploss and 0.7 as target. However if you take a buy trade in stock , then use 3.6 as stoploss and 6.06 as target.

Share price targets for Kanani Industries (KANANIIND)

Target Type	Value
Downside Target	3.30
Upside Target	3.50
Upside Target	3.70
Upside Target	5.55
Upside Target	6.05
Upside Target	6.95
Upside Target	7.25
Upside Target	8.55
Upside Target	9.30
Upside Target	10.05
Upside Target	10.55

Intraday share price targets for Kanani Industries (KANANIIND)

Target Type	Value
Downside Intraday Target	3.2
Downside Intraday Target	3.05
Upside Intraday Target	3.6
Upside Intraday Target	3.85
Upside Intraday Target	3.45

Weekly technical analysis of Kanani Industries (KANANIIND)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	3.35	3.65	3.70	3.30	1.106 times
31 Fri May 2024	3.55	3.60	3.75	3.50	1.303 times
07 Wed Feb 2024	7.25	6.45	7.25	6.15	0.296 times
02 Fri Feb 2024	6.35	10.05	10.55	5.55	2.094 times
25 Thu Jan 2024	10.05	8.60	10.05	8.55	0.449 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 Kanani Industries (KANANIIND)

Date	Monthly Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	3.35	3.65	3.70	3.30	1.106 times
31 Fri May 2024	3.55	3.60	3.75	3.50	1.166 times
07 Wed Feb 2024	7.25	6.05	7.25	6.05	0.076 times
31 Wed Jan 2024	5.80	7.60	10.55	5.55	0.923 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 neutral. A longer time frame might give a better analysis.

Price action analysis of Kanani Industries ( (KANANIIND) ) 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 Kanani Industries ( (KANANIIND) ) 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 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 gaining momentum.

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

Kanani Industries Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Kanani Industries in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 3.79 and Kanani Industries (KANANIIND) 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 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.