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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 2024-08-20 View latest technical analysis

10 day averaged volume of Binani Industries is 27467

Date	Daily Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	14.87	15.02	15.49	14.80	1.564 times
19 Mon Aug 2024	15.13	15.99	15.99	15.00	1.637 times
16 Fri Aug 2024	15.38	15.70	16.47	15.34	0.816 times
14 Wed Aug 2024	15.73	16.23	16.36	15.55	1.053 times
13 Tue Aug 2024	15.84	15.21	17.19	15.21	2.655 times
12 Mon Aug 2024	16.00	16.37	16.37	15.14	0.97 times
09 Fri Aug 2024	15.80	16.20	16.20	15.05	0.434 times
08 Thu Aug 2024	15.26	15.55	15.74	15.13	0.357 times
07 Wed Aug 2024	15.45	15.71	15.87	15.30	0.373 times
06 Tue Aug 2024	15.41	16.10	16.10	15.26	0.545 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 14.8, for a target of 15.2 or 15.59

Share price targets for Binani Industries (BINANIIND)

Target Type	Value
Downside Target	14.30
Downside Target	14.80
Upside Target	15.99
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	14.45
Downside Intraday Target	14.03
Upside Intraday Target	15.64
Upside Intraday Target	16.41
Upside Intraday Target	15.22

Weekly technical analysis of Binani Industries (BINANIIND)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	14.87	15.99	15.99	14.80	0.583 times
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

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
20 Tue Aug 2024	14.87	16.75	17.19	14.80	1.66 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, and volume has increased substantially. This means that the move can 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 to mid 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 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 Weak 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 negative zone. This is the SELL zone

Stock of Binani 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 15.49 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.