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

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

Showing technical analysis as on 2024-04-16 View latest technical analysis

10 day averaged volume of Kanani Industries is 241197

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	4.10	4.10	4.10	4.10	0.589 times
15 Mon Apr 2024	4.15	4.15	4.15	4.15	0.07 times
12 Fri Apr 2024	4.20	4.20	4.20	4.20	0.101 times
10 Wed Apr 2024	4.25	4.25	4.25	4.25	0.167 times
09 Tue Apr 2024	4.30	4.30	4.30	4.30	0.121 times
08 Mon Apr 2024	4.35	4.35	4.35	4.35	0.216 times
05 Fri Apr 2024	4.40	4.50	4.50	4.30	3.117 times
04 Thu Apr 2024	4.30	4.30	4.30	4.10	1.628 times
03 Wed Apr 2024	4.10	4.10	4.10	3.95	1.433 times
02 Tue Apr 2024	3.95	3.85	3.95	3.80	1.423 times

My analysis of stock is bullish for shortterm, and stock might move up till 4.2 or till 4.5. Use a stoploss of 4 and if this stock hits its stoploss, then it can fall down till 3.76

Share price targets for Kanani Industries (KANANIIND_BE)

Target Type	Value
Downside Target	3.60
Downside Target	4.00
Downside Target	4.10
Upside Target	4.35
Upside Target	4.50
Upside Target	4.95
Upside Target	6.80
Upside Target	6.95
Upside Target	7.55
Upside Target	7.60
Upside Target	7.70

Intraday share price targets for Kanani Industries (KANANIIND_BE)

Target Type	Value
Downside Intraday Target	4.08
Downside Intraday Target	4.07
Upside Intraday Target	4.13
Upside Intraday Target	4.17
Upside Intraday Target	4.12

Weekly technical analysis of Kanani Industries (KANANIIND_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	4.10	4.15	4.15	4.10	1.09 times
12 Fri Apr 2024	4.20	4.35	4.35	4.20	0.065 times
05 Fri Apr 2024	4.40	3.75	4.50	3.65	1.505 times
28 Thu Mar 2024	3.65	3.90	4.00	3.60	0.457 times
22 Fri Mar 2024	3.90	3.80	4.00	3.60	1.01 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 Kanani Industries (KANANIIND_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	4.10	3.75	4.50	3.65	0.199 times
28 Thu Mar 2024	3.65	4.55	4.95	3.60	0.706 times
29 Thu Feb 2024	4.50	7.30	7.55	4.25	38.208 times
08 Fri Sep 2023	7.45	7.15	7.70	6.95	0.367 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 Kanani Industries (KANANIIND_BE)

Price action analysis of Kanani Industries ( (KANANIIND_BE) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Kanani Industries ( (KANANIIND_BE) ) based on a short to mid 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 Kanani Industries ( (KANANIIND_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 Kanani Industries stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Kanani 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.

Kanani 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 tired and bears are picking up momentum.

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 Kanani 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 Kanani 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 4.23 and Kanani Industries (KANANIIND_BE) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the Kanani Industries (KANANIIND_BE) stock. Volume based technical analysis of Kanani Industries (KANANIIND_BE) stock is negative.

Kanani 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.