Bannari Amman Spinning Mills Technical Analysis

Bannari Amman Spinning Mills Ltd Technical Analysis

Bannari Amman Spinning Mills Ltd technical analysis is gaining attention among traders and investors tracking Bannari Amman Spinning Mills Ltd Technical Analysis trends in the Indian stock market. Bannari Amman Spinning Mills Ltd (NSE: BASML, BSE: 532674) is currently trading at ₹20.01, showing a 1.73% move as of Fri, Mar 27, 2026.

This detailed Bannari Amman Spinning Mills Ltd technical analysis covers support & resistance levels, moving averages, indicators, and overall market sentiment to help investors make informed decisions.

Bannari Amman Spinning Mills Ltd Stock Overview

Bannari Amman Spinning Mills Ltd operates in the Process industries sector under the Textiles industry. With a market capitalization of ₹1.6B and a PE ratio of 10.64, Bannari Amman Spinning Mills Ltd remains a key stock to watch in Bannari Amman Spinning Mills Ltd Technical Analysis searches.

Key Metrics

• Market Cap: ₹1.6B
• PE Ratio: 10.64
• Dividend Yield: 0
• Sector: Process industries
• Industry: Textiles

These fundamentals play an important role in Bannari Amman Spinning Mills Ltd technical analysis and valuation tracking.

Bannari Amman Spinning Mills Ltd Support and Resistance Levels

Classic Pivot Levels

In Bannari Amman Spinning Mills Ltd technical analysis, pivot levels help identify potential reversal and breakout zones.

• Resistance 3: 33.27
• Resistance 2: 28.73
• Resistance 1: 25.86
• Pivot Point: 24.19
• Support 1: 21.32
• Support 2: 19.65
• Support 3: 15.11

Conditional Insight

Bannari Amman Spinning Mills Ltd technical analysis suggests a bearish to neutral trend as the price is below the pivot point. Immediate support is seen near 21.32 and 19.65.

Fibonacci Levels Analysis

Fibonacci levels are widely used in Bannari Amman Spinning Mills Ltd technical analysis to identify retracement zones.

• Fibonacci R3: 28.73
• Fibonacci R2: 26.99
• Fibonacci R1: 25.92
• Fibonacci Pivot: 24.19
• Fibonacci S1: 22.45
• Fibonacci S2: 21.38
• Fibonacci S3: 19.65

Bannari Amman Spinning Mills Ltd technical analysis indicates consolidation between Fibonacci pivot and resistance zones.

Bannari Amman Spinning Mills Ltd Moving Average Analysis

Moving averages are key indicators in Bannari Amman Spinning Mills Ltd technical analysis for identifying trend direction.

• 10 EMA: 19.50
• 20 EMA: 20.37
• 30 EMA: 21.11
• 50 EMA: 22.25
• 100 EMA: 24.22
• 200 EMA: 27.49

Trend Logic

Bannari Amman Spinning Mills Ltd technical analysis indicates bearish pressure, with price trading below key moving averages.

Long-term trend in Bannari Amman Spinning Mills Ltd technical analysis remains positive above 200 EMA.

Bannari Amman Spinning Mills Ltd Technical Indicators Overview

Momentum Indicators

• RSI: 31.18
• MACD: -1.16
• Signal: -1.12
• ADX: 23.26
• Momentum: -2.29

RSI Logic

Bannari Amman Spinning Mills Ltd technical analysis shows RSI in neutral range, suggesting consolidation.

MACD Logic

Bannari Amman Spinning Mills Ltd technical analysis indicates bearish momentum with MACD below signal line.

Bannari Amman Spinning Mills Ltd Overall Recommendation

• Overall Recommendation Score: -0.65
• Moving Average Recommendation: -0.93
• Other Indicators Recommendation: -0.36

Overall Bannari Amman Spinning Mills Ltd technical analysis sentiment remains neutral with mixed signals.

Bannari Amman Spinning Mills Ltd Technical Analysis Conclusion

Bannari Amman Spinning Mills Ltd technical analysis suggests that traders should closely monitor price action around ₹20.01 and key pivot level 24.19. Breakouts above resistance or breakdown below support will define the next trend in Bannari Amman Spinning Mills Ltd technical analysis.

Investors searching for Bannari Amman Spinning Mills Ltd Technical Analysis should track moving averages, RSI levels, and volume trends to identify potential entry and exit opportunities. As market conditions change, Bannari Amman Spinning Mills Ltd technical analysis will continue to play a crucial role in short-term trading and long-term investment strategies.