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Stock analysis Binani Industries Limited BINANIIND

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Moving Averages for Binani Industries Limited

  • 5Day Average: 13.96
  • 12Day Average: 16.03
  • 20Day Average: 15.92
  • 50Day Average: 15.57
  • 100Day Average: 16.97
  • 150Day Average: 18.82
  • 200Day Average: 25.89

BINANIIND Indicators & signals

Indicator MACD (12,26,9)

15.02, 15.5, -0.03
Indicator MACD is in negative zone

Indicator ADX (14)

30, 17.65, 32.77
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 47
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of BINANIIND Binani Industries Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
10 Fri Jan 2025 13.40 13.32 to 13.94 -2.69% 0.04 times
09 Thu Jan 2025 13.77 13.55 to 14.45 -2.96% 0.2 times
08 Wed Jan 2025 14.19 14.01 to 14.50 1.43% 0.1 times
07 Tue Jan 2025 13.99 13.75 to 14.68 -3.05% 0.15 times
06 Mon Jan 2025 14.43 14.25 to 15.28 -3.8% 0.15 times
03 Fri Jan 2025 15.00 14.71 to 15.24 0% 0.05 times
02 Thu Jan 2025 15.00 14.26 to 15.29 0.74% 0.15 times
01 Wed Jan 2025 14.89 14.34 to 15.74 -1.39% 0.17 times
31 Tue Dec 2024 15.10 14.51 to 15.30 -30.16% 0.14 times
18 Wed Sep 2024 21.62 19.92 to 22.00 3.1% 8.45 times
17 Tue Sep 2024 20.97 20.97 to 20.97 4.95% 0.44 times
16 Mon Sep 2024 19.98 19.98 to 19.98 4.99% 0.54 times

Technical analysis forecast for Binani Industries Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Binani Industries Limited BINANIIND at this time. Stock is falling and might fall more.

It appears as if Binani Industries Limited BINANIIND gave a large move recently.

Stock of Binani Industries Limited (BINANIIND) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Binani Industries Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 13 as stoploss in an intra day buy trade for a target of 15.4. However, stock will show a bearish move below 13.

More indepth analysis on MunafaSutra.com