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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: 2614.25
  • 12Day Average: 2596.3
  • 20Day Average: 2580.41
  • 50Day Average: 2538.28
  • 100Day Average: 2516.77
  • 150Day Average: 2539.6
  • 200Day Average: 2593.43

BANARISUG Indicators & signals

Indicator MACD (12,26,9)

2593.98, 2558.93, 31.51
Indicator MACD is in positive zone

Indicator ADX (14)

7.13, 18.45, 21.29
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 56
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
30 Tue Apr 2024 2650.35 2613.05 to 2659.05 2.14% 0.84 times
29 Mon Apr 2024 2594.70 2563.45 to 2659.00 -0.44% 1.74 times
26 Fri Apr 2024 2606.15 2580.00 to 2663.35 -0.83% 0.7 times
25 Thu Apr 2024 2627.90 2590.00 to 2639.25 1.38% 0.84 times
24 Wed Apr 2024 2592.15 2540.00 to 2607.90 1.53% 0.95 times
23 Tue Apr 2024 2553.10 2500.70 to 2599.00 -0.46% 0.99 times
22 Mon Apr 2024 2565.00 2552.00 to 2641.35 -0.93% 1 times
19 Fri Apr 2024 2589.15 2551.25 to 2600.00 0.77% 0.24 times
18 Thu Apr 2024 2569.45 2550.00 to 2660.45 -2.56% 1.35 times
16 Tue Apr 2024 2636.95 2594.15 to 2660.00 1.76% 0.81 times
15 Mon Apr 2024 2591.30 2360.00 to 2610.60 0.46% 1.37 times
12 Fri Apr 2024 2579.45 2550.00 to 2649.00 -1.56% 1.43 times

Technical analysis forecast of Bannari Amman Sugars Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Bannari Amman Sugars Limited BANARISUG at this time. Stock is rising and might rise more.

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

Stock of Bannari Amman Sugars Limited (BANARISUG) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Bannari Amman Sugars Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Bannari Amman Sugars Limited stays above 2644.1, but if it comes below 2644.1, then a intra day sell could be more profitable.
If you take a sell trade below 2644.1, then use 2644.1 as stoploss and 2571.27 as target. However if you take a buy trade in Bannari Amman Sugars Limited, then use 2644.1 as stoploss and 2731.5 as target.

More indepth analysis on MunafaSutra.com