BASML NEWS why is Bannari Amman Spinning Mills Limited price falling or rising

BASML NEWS reasons for why stock price of Bannari Amman Spinning Mills Limited is falling or rising

BASML Bannari Amman is falling or rising technical reasons

Technical analysis forecast for Bannari Amman 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 BASML at this time. Stock is falling and might fall more.

It appears as if Bannari Amman BASML gave a large move recently.

Stock of Bannari Amman (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 is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Bannari Amman stays below 50.6, but if it comes above 50.6, then a intra day buy could be more profitable.
If you take a sell trade below 50.6, then use 50.6 as stoploss and 43 as target. However if you take a buy trade in Bannari Amman, then use 50.6 as stoploss and 56.87 as target.

BASML Bannari Amman is falling or rising NEWS fundamental reasons

Company Announcement Bannari Amman Spinning Mills Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31st December 2024. - NEWS as on 2025-01-08

Company Announcement - NEWS as on 2024-12-30

Board Meeting to discuss Financial Results/Fund Raising To consider and approve the financial results for the period ended September 30, 2024 and Fund Raising - NEWS as on 2024-11-06

Board Meeting to discuss Financial Results To consider and approve the financial results for the period ended September 30, 2024 - NEWS as on 2024-10-31

Company Announcement Bannari Amman Spinning Mills Limited has informed the Exchange regarding Appointment of Mrs Sadhana Vidhya Shankar as Independent Director of the company w.e.f. October 04, 2024. - NEWS as on 2024-10-07

More announcements and NEWS

BASML Bannari Amman Spinning Mills Limited current price & indicator signals

Moving Averages for Bannari Amman Spinning Mills Limited

  • 5Day Average: 52.89
  • 12Day Average: 55.18
  • 20Day Average: 59.26
  • 50Day Average: 58.85
  • 100Day Average: 53.16
  • 150Day Average: 50.28
  • 200Day Average: 50.51

BASML Indicators & signals

Indicator MACD (12,26,9)

55.14, 57.42, -1.03
Indicator MACD is in negative zone

Indicator ADX (14)

19.53, 18.04, 26.79
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 BASML Bannari Amman Spinning Mills Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
10 Fri Jan 2025 49.37 49.00 to 52.33 -4.87% 0.92 times
09 Thu Jan 2025 51.90 51.40 to 54.60 -3.44% 0.33 times
08 Wed Jan 2025 53.75 52.91 to 55.94 -2.47% 0.4 times
07 Tue Jan 2025 55.11 54.00 to 58.49 1.44% 0.68 times
06 Mon Jan 2025 54.33 54.01 to 58.88 -5.97% 1.24 times
03 Fri Jan 2025 57.78 52.21 to 59.95 9.72% 3.44 times
02 Thu Jan 2025 52.66 52.32 to 53.58 -0.49% 0.33 times
01 Wed Jan 2025 52.92 51.98 to 54.14 -1.56% 0.3 times
31 Tue Dec 2024 53.76 51.00 to 54.00 4.47% 0.23 times
30 Mon Dec 2024 51.46 51.00 to 56.85 -19.63% 0.67 times
18 Wed Sep 2024 64.03 63.39 to 65.65 -1.61% 2.39 times
17 Tue Sep 2024 65.08 64.81 to 66.60 -1.84% 3.15 times

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BASML NEWS why is Bannari Amman Spinning Mills Limited price falling or rising

 

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