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Stock analysis Kanani Industries Limited KANANIIND

More indepth analysis on MunafaSutra.com

Moving Averages for Kanani Industries Limited

  • 5Day Average: 2.66
  • 12Day Average: 2.65
  • 20Day Average: 2.67
  • 50Day Average: 2.75
  • 100Day Average: 2.78
  • 150Day Average: 2.86
  • 200Day Average: 3.65

KANANIIND Indicators & signals

Indicator MACD (12,26,9)

2.66, 2.69, -0.01
Indicator MACD is in negative zone

Indicator ADX (14)

0, 58.33, 58.33
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 51
Indicator RSI is indicating buying momentum and stock might rise.

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 Jan 2025 2.65 2.61 to 2.74 -1.12% 1.34 times
20 Mon Jan 2025 2.68 2.66 to 2.70 1.13% 0.77 times
17 Fri Jan 2025 2.65 2.62 to 2.70 -0.75% 1.07 times
16 Thu Jan 2025 2.67 2.64 to 2.71 1.52% 0.66 times
15 Wed Jan 2025 2.63 2.62 to 2.70 0.38% 0.77 times
14 Tue Jan 2025 2.62 2.61 to 2.69 0.77% 0.52 times
13 Mon Jan 2025 2.60 2.59 to 2.67 0% 1.2 times
13 Mon Jan 2025 2.60 2.59 to 2.67 -1.89% 1.2 times
10 Fri Jan 2025 2.65 2.61 to 2.68 -0.75% 1.14 times
09 Thu Jan 2025 2.67 2.59 to 2.74 -1.48% 1.9 times
08 Wed Jan 2025 2.71 2.69 to 2.75 0% 0.78 times
07 Tue Jan 2025 2.71 2.69 to 2.75 1.12% 0.88 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, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Kanani Industries Limited is bearish for shortterm, and stock might move down till 2.6 or till 2.6. Use a stoploss of 2.68 and if the stock hits stoploss, then it can shoot up till 2.72

More indepth analysis on MunafaSutra.com