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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 2024-08-16 View latest technical analysis

10 day averaged volume of Binani Industries is 28100

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	15.38	15.70	16.47	15.34	0.798 times
14 Wed Aug 2024	15.73	16.23	16.36	15.55	1.029 times
13 Tue Aug 2024	15.84	15.21	17.19	15.21	2.595 times
12 Mon Aug 2024	16.00	16.37	16.37	15.14	0.948 times
09 Fri Aug 2024	15.80	16.20	16.20	15.05	0.424 times
08 Thu Aug 2024	15.26	15.55	15.74	15.13	0.349 times
07 Wed Aug 2024	15.45	15.71	15.87	15.30	0.364 times
06 Tue Aug 2024	15.41	16.10	16.10	15.26	0.533 times
05 Mon Aug 2024	15.53	15.29	16.29	15.15	1.135 times
02 Fri Aug 2024	15.90	16.51	16.80	15.79	1.378 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 15.3 as stoploss in an intra day buy trade for a target of 15.62. However, stock will show a bearish move below 15.3.

Share price targets for Binani Industries (BINANIIND)

Target Type	Value
Downside Target	14.30
Downside Target	14.90
Upside Target	16.17
Upside Target	16.44
Upside Target	16.80
Upside Target	17.00
Upside Target	17.19
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	14.62
Downside Intraday Target	13.85
Upside Intraday Target	16.67
Upside Intraday Target	17.95
Upside Intraday Target	15.9

Weekly technical analysis of Binani Industries (BINANIIND)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	15.38	16.37	17.19	15.14	1.915 times
09 Fri Aug 2024	15.80	15.29	16.29	15.05	0.395 times
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

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
16 Fri Aug 2024	15.38	16.75	17.19	15.05	1.287 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 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 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 losing momentum.

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

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 BUY signal in short term and the buying is gaining 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 15.72 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.