Stock analysis Kanani Industries Limited KANANIIND
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Recent prices of KANANIIND Kanani Industries Limited are as follows: Daily volume is divided by 10 day averaged volume
| Date | Close | Range | Change % | Volume |
| 21 Tue Mar 2023 | 6.60 | 6.50 to 6.85 | -0.75% | 0.82 times |
| 20 Mon Mar 2023 | 6.65 | 6.50 to 7.25 | -0.75% | 1.03 times |
| 17 Fri Mar 2023 | 6.70 | 6.65 to 7.10 | -2.9% | 1.27 times |
| 16 Thu Mar 2023 | 6.90 | 6.90 to 7.10 | -0.72% | 0.79 times |
| 15 Wed Mar 2023 | 6.95 | 6.75 to 7.40 | -3.47% | 1.3 times |
| 14 Tue Mar 2023 | 7.20 | 7.05 to 7.30 | -1.37% | 1.03 times |
| 13 Mon Mar 2023 | 7.30 | 7.10 to 7.55 | 0% | 1.05 times |
| 10 Fri Mar 2023 | 7.30 | 7.20 to 7.70 | -2.01% | 1.84 times |
| 09 Thu Mar 2023 | 7.45 | 7.40 to 7.65 | -2.61% | 0.58 times |
| 08 Wed Mar 2023 | 7.65 | 7.30 to 7.70 | 0.66% | 0.64 times |
| 06 Mon Mar 2023 | 7.60 | 7.40 to 7.70 | 0% | 0.47 times |
| 03 Fri Mar 2023 | 7.60 | 7.25 to 7.70 | 2.01% | 1.03 times |
Technical analysis forecast for Kanani 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 Kanani Industries Limited KANANIIND at this time. Stock is falling and might fall more.
It appears as if Kanani Industries Limited KANANIIND gave a large move recently.
Stock of Kanani Industries Limited (KANANIIND) 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...
Although my analysis for Kanani Industries Limited is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 6.5, for a target of 6.9 or 7.29