Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(AnikInds) Anik Inds complete technical analysis [charts+indicators] | Buy/Sell Anik Inds | (AnikInds) share price targets

Complete technical analysis of Anik Inds (AnikInds) by charts plus indicators, forecast predictions and share price targets for Anik Inds (AnikInds)

Showing technical analysis as on 2024-02-29 View latest technical analysis

10 day averaged volume of Anik Inds is 1483

Date	Daily Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	47.51	49.00	49.00	47.51	2.247 times
28 Wed Feb 2024	48.47	48.47	48.47	48.47	1.035 times
27 Tue Feb 2024	49.45	49.00	49.45	47.99	0.219 times
26 Mon Feb 2024	48.95	49.90	49.90	48.95	0.289 times
23 Fri Feb 2024	49.25	48.65	49.30	48.65	0.893 times
22 Thu Feb 2024	49.59	50.60	50.60	49.59	1.199 times
21 Wed Feb 2024	50.60	48.71	50.60	48.71	0.479 times
20 Tue Feb 2024	49.68	48.95	49.68	48.95	0.827 times
19 Mon Feb 2024	48.71	49.70	49.70	48.71	3.424 times
16 Fri Feb 2024	49.70	48.40	50.22	48.40	1.152 times

Stock of Anik Inds (AnikInds) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 48.4, but if it comes above 48.4, then a intra day buy could be more profitable.
If you take a sell trade below 48.4, then use 48.4 as stoploss and 45.7 as target. However if you take a buy trade in stock , then use 48.4 as stoploss and 50.65 as target.

Share price targets for Anik Inds (AnikInds)

Target Type	Value
Downside Target	33.25
Downside Target	37.30
Downside Target	41.98
Downside Target	46.80
Upside Target	50.60
Upside Target	50.90
Upside Target	52.30
Upside Target	52.97
Upside Target	58.38
Upside Target	62.00
Upside Target	63.83

Intraday share price targets for Anik Inds (AnikInds)

Target Type	Value
Downside Intraday Target	46.71
Downside Intraday Target	45.92
Upside Intraday Target	49.1
Upside Intraday Target	50.7
Upside Intraday Target	48.31

Weekly technical analysis of Anik Inds (AnikInds)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	47.51	49.90	49.90	47.51	0.556 times
23 Fri Feb 2024	49.25	49.70	50.60	48.65	1.579 times
16 Fri Feb 2024	49.70	52.30	52.30	48.40	0.061 times
09 Fri Feb 2024	53.36	49.90	58.38	49.00	9.946 times
02 Fri Feb 2024	49.40	49.19	50.90	47.65	1.898 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Anik Inds (AnikInds)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	47.51	48.01	58.38	47.51	2.175 times
31 Wed Jan 2024	49.06	49.30	52.97	47.20	0.289 times
29 Fri Dec 2023	49.69	54.45	62.00	46.80	0.305 times
30 Thu Nov 2023	57.31	38.84	63.83	37.30	9.327 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Anik Inds (AnikInds)

Price action analysis of Anik Inds ( (AnikInds) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Anik Inds ( (AnikInds) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Anik Inds ( (AnikInds) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Anik Inds stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Anik Inds in short term and the sell signal is strong.

Anik Inds Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Anik Inds in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Anik Inds is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 48.85 and Anik Inds (AnikInds) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Anik Inds (AnikInds) stock. Volume based technical analysis of Anik Inds (AnikInds) stock is negative.

Anik Inds Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.