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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 2024-08-29 View latest technical analysis

10 day averaged volume of Binani Industries is 29094

Date	Daily Closing Price	Open	High	Low	Volume
29 Thu Aug 2024	14.96	15.18	15.57	14.75	1.156 times
28 Wed Aug 2024	15.18	14.95	15.40	14.95	0.535 times
27 Tue Aug 2024	14.89	15.10	15.54	14.76	1.317 times
26 Mon Aug 2024	15.27	15.94	15.94	15.15	0.646 times
23 Fri Aug 2024	15.36	15.30	16.15	15.10	1.353 times
22 Thu Aug 2024	14.98	14.96	15.50	14.91	0.83 times
21 Wed Aug 2024	14.99	15.54	15.54	14.95	0.533 times
20 Tue Aug 2024	14.87	15.02	15.49	14.80	1.477 times
19 Mon Aug 2024	15.13	15.99	15.99	15.00	1.545 times
16 Fri Aug 2024	15.38	15.70	16.47	15.34	0.771 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 15, but if it comes above 15, then a intra day buy could be more profitable.
If you take a sell trade below 15, then use 15 as stoploss and 14.5 as target. However if you take a buy trade in stock , then use 15 as stoploss and 15.42 as target.

Share price targets for Binani Industries (BINANIIND)

Target Type	Value
Downside Target	14.30
Upside Target	15.94
Upside Target	16.29
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	14.49
Downside Intraday Target	14.03
Upside Intraday Target	15.68
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
29 Thu Aug 2024	14.96	15.94	15.94	14.75	0.637 times
23 Fri Aug 2024	15.36	15.99	16.15	14.80	1.106 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

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
29 Thu Aug 2024	14.96	16.75	17.19	14.75	2.445 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 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 term time period is neutral. A longer time frame might give a better analysis.

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 Weak 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 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

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 15.08 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.