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(BINANIIND_BE) Binani Industries complete technical analysis [charts+indicators] | Buy/Sell Binani Industries | (BINANIIND_BE) share price targets

Complete technical analysis of Binani Industries (BINANIIND_BE) by charts plus indicators, forecast predictions and share price targets for Binani Industries (BINANIIND_BE)

Showing technical analysis as on 2024-10-01 View latest technical analysis

10 day averaged volume of Binani Industries is 39482

Date	Daily Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	19.47	19.30	19.96	18.55	0.823 times
30 Mon Sep 2024	19.02	19.66	19.66	18.30	0.602 times
27 Fri Sep 2024	18.73	17.98	18.77	17.61	1.194 times
26 Thu Sep 2024	17.88	16.92	17.88	16.33	1.163 times
25 Wed Sep 2024	17.03	17.80	17.80	16.93	1.473 times
24 Tue Sep 2024	17.82	18.89	19.34	17.63	1.581 times
23 Mon Sep 2024	18.52	18.52	20.00	18.52	1.028 times
20 Fri Sep 2024	19.50	19.50	20.20	19.50	0.382 times
19 Thu Sep 2024	20.53	22.02	22.40	20.53	1.824 times
15 Mon Jul 2024	16.16	16.65	16.65	15.70	0.298 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 18.7, but if it comes below 18.7, then a intra day sell could be more profitable.
If you take a sell trade below 18.7, then use 18.7 as stoploss and 17.2 as target. However if you take a buy trade in stock , then use 18.7 as stoploss and 20.6 as target.

Share price targets for Binani Industries (BINANIIND_BE)

Target Type	Value
Downside Target	15.02
Downside Target	15.35
Downside Target	15.70
Downside Target	16.15
Downside Target	17.70
Downside Target	18.15
Downside Target	18.30
Downside Target	18.55
Upside Target	19.96
Upside Target	20.00
Upside Target	22.40

Intraday share price targets for Binani Industries (BINANIIND_BE)

Target Type	Value
Downside Intraday Target	18.53
Downside Intraday Target	17.58
Upside Intraday Target	20.19
Upside Intraday Target	20.9
Downside Intraday Target	19.24

Weekly technical analysis of Binani Industries (BINANIIND_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	19.47	19.66	19.96	18.30	0.221 times
27 Fri Sep 2024	18.73	18.52	20.00	16.33	2.571 times
20 Fri Sep 2024	19.50	16.65	22.40	15.70	1.174 times
12 Fri Jul 2024	16.38	15.21	16.74	15.02	0.817 times
05 Fri Jul 2024	15.79	16.29	16.50	15.38	1.039 times

Price has moved up 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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	19.47	19.30	19.96	18.55	0.089 times
30 Mon Sep 2024	19.02	22.02	22.40	16.33	1.835 times
15 Mon Jul 2024	16.16	16.29	16.74	15.02	0.561 times
28 Fri Jun 2024	15.76	18.15	18.15	15.35	9.389 times

Scroll below to view daily charts

Price has moved up 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_BE)

Price action analysis of Binani Industries ( (BINANIIND_BE) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Binani Industries ( (BINANIIND_BE) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Binani Industries ( (BINANIIND_BE) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Binani Industries ( (BINANIIND_BE) ) 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 and the buy signal is strong.

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

Binani Industries Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Binani Industries in short term and BUY signal is strong.

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 18.58 and Binani Industries (BINANIIND_BE) 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_BE) stock. Volume based technical analysis of Binani Industries (BINANIIND_BE) 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.