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 stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 47.1 as stoploss in an intra day buy trade for a target of 52.7. However, stock will show a bearish move below 47.1.

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: 48.69
  • 12Day Average: 50.35
  • 20Day Average: 53.41
  • 50Day Average: 57.62
  • 100Day Average: 53.09
  • 150Day Average: 50.39
  • 200Day Average: 50.52

BASML Indicators & signals

Indicator MACD (12,26,9)

50.63, 53.73, -2.66
Indicator MACD is in negative zone

Indicator ADX (14)

21.37, 14.47, 22.33
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 47
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
20 Mon Jan 2025 48.95 48.01 to 49.40 0.29% 0.53 times
17 Fri Jan 2025 48.81 48.16 to 49.62 0.1% 0.29 times
16 Thu Jan 2025 48.76 47.06 to 49.75 2.54% 1.77 times
15 Wed Jan 2025 47.55 47.31 to 50.80 -3.74% 1.24 times
14 Tue Jan 2025 49.40 47.78 to 49.85 2.66% 0.3 times
13 Mon Jan 2025 48.12 47.38 to 50.14 0% 1.12 times
13 Mon Jan 2025 48.12 47.38 to 50.14 -2.53% 1.12 times
10 Fri Jan 2025 49.37 49.00 to 52.33 -4.87% 1.65 times
09 Thu Jan 2025 51.90 51.40 to 54.60 -3.44% 0.59 times
08 Wed Jan 2025 53.75 52.91 to 55.94 -2.47% 0.71 times
07 Tue Jan 2025 55.11 54.00 to 58.49 1.44% 1.22 times
06 Mon Jan 2025 54.33 54.01 to 58.88 -5.97% 2.23 times

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