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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.

Showing technical analysis as on 2024-04-24 View latest technical analysis

10 day averaged volume of Binani Industries is 21137

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	14.75	15.60	15.60	14.55	1.222 times
23 Tue Apr 2024	15.15	14.90	15.50	14.90	0.54 times
06 Tue Jun 2023	21.90	21.95	22.40	21.75	0.827 times
05 Mon Jun 2023	21.85	21.65	22.40	21.55	1.051 times
02 Fri Jun 2023	22.05	22.30	22.75	21.95	0.679 times
01 Thu Jun 2023	22.05	22.40	22.40	21.05	1.448 times
31 Wed May 2023	21.95	22.20	23.20	21.80	1.234 times
30 Tue May 2023	22.20	21.60	22.75	21.60	1.002 times
29 Mon May 2023	22.20	22.50	23.65	22.05	1.4 times
26 Fri May 2023	22.80	23.25	24.20	22.55	0.998 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 16.5, for a target of 19.5 or 22.03

Share price targets for Binani Industries (BINANIIND)

Target Type	Value
Downside Target	14.40
Upside Target	15.60
Upside Target	17.10
Upside Target	19.45
Upside Target	21.05
Upside Target	22.40
Upside Target	22.75
Upside Target	23.65
Upside Target	24.80
Upside Target	25.20
Upside Target	28.90
Upside Target	35.60

Intraday share price targets for Binani Industries (BINANIIND)

Target Type	Value
Downside Intraday Target	14.33
Downside Intraday Target	13.92
Upside Intraday Target	15.38
Upside Intraday Target	16.02
Upside Intraday Target	14.97

Weekly technical analysis of Binani Industries (BINANIIND)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	14.75	14.90	15.60	14.55	0.939 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
19 Fri May 2023	24.85	23.95	25.20	21.35	0.585 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 Binani Industries (BINANIIND)

Date	Monthly Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	14.75	14.90	15.60	14.55	0.44 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
28 Fri Apr 2023	21.30	26.35	28.90	17.10	6.967 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 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 Binani Industries ( (BINANIIND) ) 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 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 gaining 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 20.9 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.