Homepage Active Options Active Stocks

Stock analysis Bannari Amman Spinning Mills Limited BASML

More indepth analysis on MunafaSutra.com

Moving Averages for Bannari Amman Spinning Mills Limited

  • 5Day Average: 39
  • 12Day Average: 39.1
  • 20Day Average: 41.94
  • 50Day Average: 47.96
  • 100Day Average: 48.64
  • 150Day Average: 48.33
  • 200Day Average: 47.94

BASML Indicators & signals

Indicator MACD (12,26,9)

39.92, 42.84, -2.86
Indicator MACD is in negative zone

Indicator ADX (14)

43.16, 10.55, 26.56
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 53
Indicator RSI is indicating buying momentum and stock might rise.

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
28 Thu Mar 2024 37.80 37.50 to 39.50 -0.66% 0.98 times
27 Wed Mar 2024 38.05 37.60 to 40.20 -2.06% 1.28 times
26 Tue Mar 2024 38.85 38.40 to 40.80 -3.84% 0.97 times
22 Fri Mar 2024 40.40 39.50 to 41.85 1.25% 0.5 times
21 Thu Mar 2024 39.90 38.50 to 41.15 4.59% 1.05 times
20 Wed Mar 2024 38.15 38.00 to 39.50 -1.55% 0.77 times
19 Tue Mar 2024 38.75 38.10 to 39.30 -0.13% 0.74 times
18 Mon Mar 2024 38.80 38.55 to 39.80 -0.26% 0.82 times
15 Fri Mar 2024 38.90 37.55 to 40.95 -1.89% 1.28 times
14 Thu Mar 2024 39.65 38.25 to 41.20 3.66% 0.99 times
13 Wed Mar 2024 38.25 37.75 to 43.55 -8.27% 1.59 times
12 Tue Mar 2024 41.70 41.25 to 43.55 -3.7% 0.95 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, but trade for tomorrow is selective. Take a sell trade only if Bannari Amman Spinning Mills Limited stays below 38, but if it comes above 38, then a intra day buy could be more profitable.
If you take a sell trade below 38, then use 38 as stoploss and 33.6 as target. However if you take a buy trade in Bannari Amman Spinning Mills Limited, then use 38 as stoploss and 41.69 as target.

More indepth analysis on MunafaSutra.com