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Stock analysis Bannari Amman Sugars Limited BANARISUG

More indepth analysis on MunafaSutra.com

Moving Averages for Bannari Amman Sugars Limited

  • 5Day Average: 3426.54
  • 12Day Average: 3473.15
  • 20Day Average: 3519.19
  • 50Day Average: 3557.26
  • 100Day Average: 3372.28
  • 150Day Average: 3131.59
  • 200Day Average: 2976.68

BANARISUG Indicators & signals

Indicator MACD (12,26,9)

3472.02, 3520.84, -32.56
Indicator MACD is in negative zone

Indicator ADX (14)

36.08, 11.92, 25.38
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 54
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of BANARISUG Bannari Amman Sugars Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
19 Tue Nov 2024 3404.90 3400.00 to 3469.45 -0.53% 0.61 times
18 Mon Nov 2024 3423.20 3396.00 to 3449.00 -0.38% 0.55 times
14 Thu Nov 2024 3436.40 3223.25 to 3495.85 2.03% 1.58 times
13 Wed Nov 2024 3367.95 3301.05 to 3600.00 -3.78% 1.12 times
12 Tue Nov 2024 3500.25 3500.00 to 3531.90 -0% 0.8 times
11 Mon Nov 2024 3500.40 3488.00 to 3526.30 -0.03% 0.89 times
08 Fri Nov 2024 3501.45 3498.00 to 3545.95 0% 0.86 times
07 Thu Nov 2024 3501.45 3500.00 to 3544.25 -0.41% 0.95 times
06 Wed Nov 2024 3515.75 3500.00 to 3546.95 0.3% 0.26 times
05 Tue Nov 2024 3505.10 3495.00 to 3552.00 0.07% 2.27 times
04 Mon Nov 2024 3502.55 3499.70 to 3548.00 -0.45% 0.72 times
01 Fri Nov 2024 3518.35 3490.00 to 3560.00 0.29% 0.21 times

Technical analysis forecast for Bannari Amman Sugars 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 Sugars Limited BANARISUG at this time. Stock is falling and might fall more.

It appears as if Bannari Amman Sugars Limited BANARISUG gave a large move recently.

Stock of Bannari Amman Sugars Limited (BANARISUG) 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 Sugars Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Bannari Amman Sugars Limited stays below 3417.5, but if it comes above 3417.5, then a intra day buy could be more profitable.
If you take a sell trade below 3417.5, then use 3417.5 as stoploss and 3308.7 as target. However if you take a buy trade in Bannari Amman Sugars Limited, then use 3417.5 as stoploss and 3508.22 as target.

More indepth analysis on MunafaSutra.com