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

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

Anik Industries trades in NSE in Other Agricultural Products sector.

Showing technical analysis as on 2024-05-23 View latest technical analysis

10 day averaged volume of Anik Industries is 12045

Date	Daily Closing Price	Open	High	Low	Volume
23 Thu May 2024	50.00	48.95	51.65	48.95	0.855 times
22 Wed May 2024	49.70	51.75	51.80	49.05	1.013 times
21 Tue May 2024	50.55	51.40	53.10	50.10	1.484 times
18 Sat May 2024	51.95	51.10	54.35	50.65	0.221 times
17 Fri May 2024	52.10	53.85	53.85	51.50	0.361 times
16 Thu May 2024	51.95	54.95	54.95	51.40	0.936 times
15 Wed May 2024	52.95	53.65	53.75	51.55	0.615 times
14 Tue May 2024	52.60	50.50	53.55	49.90	0.865 times
13 Mon May 2024	50.50	54.80	54.80	50.20	0.923 times
10 Fri May 2024	51.30	52.05	53.45	49.10	1.246 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 51, but if it comes above 51, then a intra day buy could be more profitable.
If you take a sell trade below 51, then use 51 as stoploss and 49.1 as target. However if you take a buy trade in stock , then use 51 as stoploss and 52.5 as target.

Share price targets for Anik Industries (ANIKINDS)

Target Type	Value
Downside Target	30.00
Downside Target	32.60
Downside Target	41.05
Downside Target	42.10
Downside Target	44.80
Downside Target	48.95
Upside Target	51.50
Upside Target	53.10
Upside Target	55.45
Upside Target	56.80
Upside Target	59.00
Upside Target	59.50
Upside Target	60.90
Upside Target	65.30

Intraday share price targets for Anik Industries (ANIKINDS)

Target Type	Value
Downside Intraday Target	48.27
Downside Intraday Target	46.53
Upside Intraday Target	52.42
Upside Intraday Target	54.83
Upside Intraday Target	50.68

Weekly technical analysis of Anik Industries (ANIKINDS)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Thu May 2024	50.00	51.40	53.10	48.95	0.855 times
18 Sat May 2024	51.95	54.80	54.95	49.90	0.494 times
10 Fri May 2024	51.30	54.20	55.45	49.10	0.988 times
03 Fri May 2024	53.05	56.85	59.00	51.50	0.857 times
26 Fri Apr 2024	54.55	56.40	59.50	53.95	0.29 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 Anik Industries (ANIKINDS)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Thu May 2024	50.00	54.40	56.80	48.95	0.188 times
30 Tue Apr 2024	55.10	44.00	60.90	42.10	0.606 times
29 Wed Nov 2023	60.05	48.15	65.30	41.05	0.486 times
14 Mon Aug 2023	37.15	30.40	44.80	30.25	5.366 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 Anik Industries (ANIKINDS)

Price action analysis of Anik Industries ( (ANIKINDS) ) 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 Anik Industries ( (ANIKINDS) ) 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 Anik Industries ( (ANIKINDS) ) 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 Anik Industries stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Anik Industries in short term but the sell signal is initial and weak.

Anik 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 moving up

CCI has generated a buy signal for Anik Industries in short term but BUY 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

Stock of Anik 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 51.14 and Anik Industries (ANIKINDS) 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 Anik Industries (ANIKINDS) stock. Volume based technical analysis of Anik Industries (ANIKINDS) stock is negative.

Anik 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.