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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 2024-10-29 View latest technical analysis

10 day averaged volume of Binani Industries is 15361

Date	Daily Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	15.39	15.30	15.70	14.75	0.629 times
28 Mon Oct 2024	15.30	15.64	16.14	14.85	0.815 times
25 Fri Oct 2024	15.64	15.42	16.49	15.29	1.343 times
24 Thu Oct 2024	16.10	16.11	16.40	15.31	1.029 times
23 Wed Oct 2024	16.11	15.50	16.48	15.50	0.777 times
22 Tue Oct 2024	15.98	16.90	17.15	15.93	1.656 times
21 Mon Oct 2024	16.51	16.80	17.00	16.25	0.402 times
18 Fri Oct 2024	16.80	16.64	17.58	16.64	1.78 times
17 Thu Oct 2024	17.30	17.03	17.50	17.03	0.469 times
16 Wed Oct 2024	17.03	16.92	17.65	16.60	1.348 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 15.9, but if it comes above 15.9, then a intra day buy could be more profitable.
If you take a sell trade below 15.9, then use 15.9 as stoploss and 14.7 as target. However if you take a buy trade in stock , then use 15.9 as stoploss and 16.9 as target.

Share price targets for Binani Industries (BINANIIND_BE)

Target Type	Value
Downside Target	14.75
Upside Target	16.14
Upside Target	17.15
Upside Target	17.70
Upside Target	17.80
Upside Target	17.93
Upside Target	18.13
Upside Target	18.15
Upside Target	19.99
Upside Target	22.40

Intraday share price targets for Binani Industries (BINANIIND_BE)

Target Type	Value
Downside Intraday Target	14.71
Downside Intraday Target	14.04
Upside Intraday Target	16.1
Upside Intraday Target	16.82
Upside Intraday Target	15.43

Weekly technical analysis of Binani Industries (BINANIIND_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	15.39	15.64	16.14	14.75	0.277 times
25 Fri Oct 2024	15.64	16.80	17.15	15.29	1.014 times
18 Fri Oct 2024	16.80	17.20	17.93	16.60	0.999 times
11 Fri Oct 2024	17.32	18.13	18.13	16.20	0.79 times
04 Fri Oct 2024	17.82	19.66	19.99	17.80	0.393 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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	15.39	19.30	19.99	14.75	0.92 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 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_BE)

Price action analysis of Binani Industries ( (BINANIIND_BE) ) 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_BE) ) 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_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 SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Binani Industries in short term and the sell signal is strong.

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 moving up

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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 16.23 and Binani Industries (BINANIIND_BE) 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_BE) stock. Volume based technical analysis of Binani Industries (BINANIIND_BE) 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.