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

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

Binani Industries trades in NSE in Holding Companies sector.

10 day averaged volume of Binani Industries is 22934

Date	Daily Closing Price	Open	High	Low	Volume
03 Fri May 2024	16.00	16.40	16.50	15.75	1.161 times
02 Thu May 2024	16.00	16.25	16.80	15.85	0.595 times
30 Tue Apr 2024	16.20	16.45	16.60	16.00	0.958 times
29 Mon Apr 2024	16.45	16.75	17.00	16.20	2.832 times
26 Fri Apr 2024	16.20	16.10	16.20	15.95	1.006 times
25 Thu Apr 2024	15.45	14.40	15.45	14.30	0.629 times
24 Wed Apr 2024	14.75	15.60	15.60	14.55	1.127 times
23 Tue Apr 2024	15.15	14.90	15.50	14.90	0.498 times
06 Tue Jun 2023	21.90	21.95	22.40	21.75	0.762 times
05 Mon Jun 2023	21.85	21.65	22.40	21.55	0.968 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 16.5, but if it comes above 16.5, then a intra day buy could be more profitable.
If you take a sell trade below 16.5, then use 16.5 as stoploss and 12.4 as target. However if you take a buy trade in stock , then use 16.5 as stoploss and 19.87 as target.

Share price targets for Binani Industries (BINANIIND)

Target Type	Value
Downside Target	14.30
Downside Target	15.75
Upside Target	16.20
Upside Target	16.80
Upside Target	19.45
Upside Target	21.05
Upside Target	21.55
Upside Target	22.40
Upside Target	22.55
Upside Target	22.75
Upside Target	23.65
Upside Target	24.80
Upside Target	25.20
Upside Target	28.90

Intraday share price targets for Binani Industries (BINANIIND)

Target Type	Value
Downside Intraday Target	15.5
Downside Intraday Target	15
Upside Intraday Target	16.75
Upside Intraday Target	17.5
Upside Intraday Target	16.25

Weekly technical analysis of Binani Industries (BINANIIND)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Fri May 2024	16.00	16.75	17.00	15.75	1.701 times
26 Fri Apr 2024	16.20	14.90	16.20	14.30	1.883 times
06 Tue Jun 2023	21.90	21.65	22.40	21.55	0.326 times
02 Fri Jun 2023	22.05	22.50	23.65	21.05	0.764 times
26 Fri May 2023	22.80	24.80	24.80	22.55	0.43 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 Binani Industries (BINANIIND)

Date	Monthly Closing Price	Open	High	Low	Volume
03 Fri May 2024	16.00	16.25	16.80	15.75	0.249 times
30 Tue Apr 2024	16.20	14.90	17.00	14.30	1.91 times
06 Tue Jun 2023	21.90	22.40	22.75	21.05	0.061 times
31 Wed May 2023	21.95	21.80	25.20	19.45	0.44 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 Binani Industries (BINANIIND)

Price action analysis of Binani Industries ( (BINANIIND) ) based on a short 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) ) 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) ) 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 Binani Industries ( (BINANIIND) ) 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 Binani Industries stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

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

Binani 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 Binani 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 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 16.92 and Binani Industries (BINANIIND) 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 Binani Industries (BINANIIND) stock. Volume based technical analysis of Binani Industries (BINANIIND) stock is negative.

Binani 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.