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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 2024-08-02 View latest technical analysis

10 day averaged volume of Binani Industries is 25198

Date	Daily Closing Price	Open	High	Low	Volume
02 Fri Aug 2024	15.90	16.51	16.80	15.79	1.537 times
01 Thu Aug 2024	16.46	16.75	16.75	15.70	1.388 times
31 Wed Jul 2024	16.08	15.43	16.20	15.26	3.203 times
30 Tue Jul 2024	15.43	15.45	15.55	15.24	0.474 times
29 Mon Jul 2024	15.45	16.18	16.18	15.22	1.308 times
26 Fri Jul 2024	15.48	15.64	15.92	15.41	0.835 times
25 Thu Jul 2024	15.63	14.90	16.17	14.90	0.798 times
24 Wed Jul 2024	15.40	15.61	15.65	15.26	0.246 times
23 Tue Jul 2024	15.61	15.31	16.04	15.02	0.584 times
22 Mon Jul 2024	15.31	15.00	15.74	15.00	0.182 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 15.1 as stoploss in an intra day buy trade for a target of 16.75. However, stock will show a bearish move below 15.1.

Share price targets for Binani Industries (BINANIIND)

Target Type	Value
Downside Target	14.30
Downside Target	14.90
Downside Target	15.70
Upside Target	16.17
Upside Target	16.80
Upside Target	17.00
Upside Target	20.20
Upside Target	20.80
Upside Target	21.05
Upside Target	22.75

Intraday share price targets for Binani Industries (BINANIIND)

Target Type	Value
Downside Intraday Target	15.15
Downside Intraday Target	14.39
Upside Intraday Target	16.73
Upside Intraday Target	17.55
Upside Intraday Target	15.97

Weekly technical analysis of Binani Industries (BINANIIND)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Fri Aug 2024	15.90	16.18	16.80	15.22	2.99 times
26 Fri Jul 2024	15.48	15.00	16.17	14.90	1.53 times
19 Fri Jul 2024	15.16	16.16	16.44	15.00	0.461 times
29 Wed May 2024	16.95	19.45	20.20	16.95	0.425 times
24 Fri May 2024	19.45	17.00	20.80	17.00	1.842 times

Price has moved up 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
02 Fri Aug 2024	15.90	16.75	16.80	15.70	0.313 times
31 Wed Jul 2024	16.08	16.16	16.44	14.90	0.458 times
29 Wed May 2024	16.95	16.25	20.80	14.50	3.185 times
30 Tue Apr 2024	16.20	14.90	17.00	14.30	1.91 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 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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Binani Industries in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Binani Industries Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls 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 but SELL signal is weak.

RSI is generating a BUY signal in short term but buying 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 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 15.86 and Binani Industries (BINANIIND) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.