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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 2024-12-06 View latest technical analysis

10 day averaged volume of Binani Industries is 6525

Date	Daily Closing Price	Open	High	Low	Volume
06 Fri Dec 2024	15.97	16.00	16.35	15.51	2.737 times
05 Thu Dec 2024	15.97	15.66	16.25	15.11	1.888 times
04 Wed Dec 2024	15.48	15.64	15.98	15.12	1.329 times
03 Tue Dec 2024	15.37	15.45	15.65	15.00	0.784 times
02 Mon Dec 2024	15.45	15.50	15.50	15.00	1.123 times
29 Fri Nov 2024	15.20	15.48	15.70	15.06	0.915 times
28 Thu Nov 2024	15.61	15.32	15.99	14.88	0.625 times
27 Wed Nov 2024	15.47	15.24	15.93	14.81	1.275 times
26 Tue Nov 2024	15.29	15.01	15.49	14.61	0.765 times
25 Mon Nov 2024	15.01	14.61	15.20	14.61	0.46 times

Stock of Binani Industries (BINANIIND_BE) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 16.2 as stoploss in an intra day sell trade for a target of 15.63. However, stock will show a bullish move above 16.2.

Share price targets for Binani Industries (BINANIIND_BE)

Target Type	Value
Downside Target	14.57
Downside Target	15.62
Upside Target	16.33
Upside Target	16.35
Upside Target	16.74
Upside Target	17.27
Upside Target	17.40
Upside Target	19.99
Upside Target	22.40

Intraday share price targets for Binani Industries (BINANIIND_BE)

Target Type	Value
Downside Intraday Target	15.2
Downside Intraday Target	14.42
Upside Intraday Target	16.55
Upside Intraday Target	17.12
Downside Intraday Target	15.77

Weekly technical analysis of Binani Industries (BINANIIND_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Fri Dec 2024	15.97	15.50	16.35	15.00	1.945 times
29 Fri Nov 2024	15.20	14.61	15.99	14.61	0.795 times
22 Fri Nov 2024	14.89	15.12	15.89	14.57	0.816 times
14 Thu Nov 2024	15.12	17.40	17.40	14.90	0.519 times
08 Fri Nov 2024	16.75	16.34	17.27	15.62	1.913 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Binani Industries (BINANIIND_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Fri Dec 2024	15.97	15.50	16.35	15.00	0.281 times
29 Fri Nov 2024	15.20	16.15	17.40	14.57	0.522 times
31 Thu Oct 2024	15.57	19.30	19.99	14.75	0.96 times
30 Mon Sep 2024	19.02	22.02	22.40	16.33	1.835 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 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_BE) ) based on a short to mid 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 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 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 HIGHS, which reflects strong buying momentum in short term! 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 coming down

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 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 15.61 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.