Stock analysis Binani Industries Limited BINANIIND
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Recent prices of BINANIIND Binani Industries Limited are as follows: Daily volume is divided by 10 day averaged volume
| Date | Close | Range | Change % | Volume |
| 03 Fri May 2024 | 16.00 | 15.75 to 16.50 | 0% | 1.16 times |
| 02 Thu May 2024 | 16.00 | 15.85 to 16.80 | -1.23% | 0.59 times |
| 30 Tue Apr 2024 | 16.20 | 16.00 to 16.60 | -1.52% | 0.96 times |
| 29 Mon Apr 2024 | 16.45 | 16.20 to 17.00 | 1.54% | 2.83 times |
| 26 Fri Apr 2024 | 16.20 | 15.95 to 16.20 | 4.85% | 1.01 times |
| 25 Thu Apr 2024 | 15.45 | 14.30 to 15.45 | 4.75% | 0.63 times |
| 24 Wed Apr 2024 | 14.75 | 14.55 to 15.60 | -2.64% | 1.13 times |
| 23 Tue Apr 2024 | 15.15 | 14.90 to 15.50 | -30.82% | 0.5 times |
| 06 Tue Jun 2023 | 21.90 | 21.75 to 22.40 | 0.23% | 0.76 times |
| 05 Mon Jun 2023 | 21.85 | 21.55 to 22.40 | -0.91% | 0.97 times |
| 02 Fri Jun 2023 | 22.05 | 21.95 to 22.75 | 0% | 0.63 times |
| 01 Thu Jun 2023 | 22.05 | 21.05 to 22.40 | 0.46% | 1.33 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 15.5 as stoploss in an intra day buy trade for a target of 18.86. However, stock will show a bearish move below 15.5.