Stock analysis Bannari Amman Spinning Mills Limited BASML
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Recent prices of BASML Bannari Amman Spinning Mills Limited are as follows: Daily volume is divided by 10 day averaged volume
| Date | Close | Range | Change % | Volume |
| 14 Fri Jun 2024 | 43.87 | 43.65 to 44.75 | 0.05% | 0.88 times |
| 13 Thu Jun 2024 | 43.85 | 43.56 to 45.00 | -1.97% | 0.56 times |
| 12 Wed Jun 2024 | 44.73 | 43.31 to 45.28 | 2.59% | 1.44 times |
| 11 Tue Jun 2024 | 43.60 | 42.88 to 44.00 | 0.72% | 0.51 times |
| 10 Mon Jun 2024 | 43.29 | 41.15 to 45.79 | -2.39% | 2.15 times |
| 07 Fri Jun 2024 | 44.35 | 43.25 to 45.50 | 1.37% | 0.69 times |
| 06 Thu Jun 2024 | 43.75 | 42.65 to 44.15 | 3.67% | 0.57 times |
| 05 Wed Jun 2024 | 42.20 | 40.10 to 42.60 | 1.93% | 0.97 times |
| 04 Tue Jun 2024 | 41.40 | 39.90 to 44.60 | -7.07% | 1.67 times |
| 03 Mon Jun 2024 | 44.55 | 43.70 to 46.55 | 1.83% | 0.56 times |
| 31 Fri May 2024 | 43.75 | 43.00 to 45.20 | -1.69% | 0.9 times |
| 30 Thu May 2024 | 44.50 | 44.05 to 46.05 | -4.2% | 2.08 times |
Technical analysis forecast for Bannari Amman Spinning Mills 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 Bannari Amman Spinning Mills Limited BASML at this time. Stock is falling and might fall more.
It appears as if Bannari Amman Spinning Mills Limited BASML gave a large move recently.
Stock of Bannari Amman Spinning Mills Limited (BASML) 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 Bannari Amman Spinning Mills Limited is bearish for shortterm, and stock might move down till 42.4 or till 39.2. Use a stoploss of 45.07 and if the stock hits stoploss, then it can shoot up till 47.74