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

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

Showing technical analysis as on 2024-05-02 View latest technical analysis

10 day averaged volume of Kanani Industries is 110287

Date	Daily Closing Price	Open	High	Low	Volume
02 Thu May 2024	3.60	3.60	3.60	3.60	7.424 times
30 Tue Apr 2024	3.65	3.70	3.70	3.65	1.648 times
29 Mon Apr 2024	3.70	3.75	3.75	3.70	1.267 times
26 Fri Apr 2024	3.75	3.75	3.75	3.75	1.465 times
25 Thu Apr 2024	3.80	3.80	3.80	3.80	0.69 times
24 Wed Apr 2024	3.85	3.85	3.85	3.85	1.194 times
23 Tue Apr 2024	3.90	3.90	3.90	3.90	0.847 times
22 Mon Apr 2024	3.95	3.95	3.95	3.95	0.64 times
19 Fri Apr 2024	4.00	4.00	4.00	4.00	0.55 times
18 Thu Apr 2024	4.05	4.05	4.05	4.05	0.411 times

Stock of Kanani Industries (KANANIIND_BE) has showed a significant fall. This could be a good time to exit from this stock.

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 3.5, for a target of 3.8 or 4.02

Share price targets for Kanani Industries (KANANIIND_BE)

Target Type	Value
Downside Target	3.60
Upside Target	3.75
Upside Target	3.95
Upside Target	4.15
Upside Target	4.25
Upside Target	4.35
Upside Target	4.50
Upside Target	4.95
Upside Target	6.95
Upside Target	7.55
Upside Target	7.70

Intraday share price targets for Kanani Industries (KANANIIND_BE)

Target Type	Value
Downside Intraday Target	3.55
Downside Intraday Target	3.5
Upside Intraday Target	3.7
Upside Intraday Target	3.8
Upside Intraday Target	3.65

Weekly technical analysis of Kanani Industries (KANANIIND_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Thu May 2024	3.60	3.75	3.75	3.60	2.138 times
26 Fri Apr 2024	3.75	3.95	3.95	3.75	2.013 times
19 Fri Apr 2024	4.00	4.15	4.15	4.00	1.816 times
12 Fri Apr 2024	4.20	4.35	4.35	4.20	0.065 times
05 Fri Apr 2024	4.40	3.75	4.50	3.65	1.505 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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Thu May 2024	3.60	3.60	3.60	3.60	0.233 times
30 Tue Apr 2024	3.65	3.75	4.50	3.65	0.273 times
28 Thu Mar 2024	3.65	4.55	4.95	3.60	0.706 times
29 Thu Feb 2024	4.50	7.30	7.55	4.25	38.208 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_BE)

Price action analysis of Kanani Industries ( (KANANIIND_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 Kanani Industries ( (KANANIIND_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 Kanani Industries ( (KANANIIND_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 Kanani Industries stock for short term is SELL. Signal strength is Weak 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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 BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Kanani 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 3.71 and Kanani Industries (KANANIIND_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 Kanani Industries (KANANIIND_BE) stock. Volume based technical analysis of Kanani Industries (KANANIIND_BE) 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.