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(MANORAMA) Manorama Industries complete technical analysis [charts+indicators] | Buy/Sell Manorama Industries | (MANORAMA) share price targets

Complete technical analysis of Manorama Industries (MANORAMA) by charts plus indicators, forecast predictions and share price targets for Manorama Industries (MANORAMA)

Showing technical analysis as on 2024-03-06 View latest technical analysis

10 day averaged volume of Manorama Industries is 13749

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	2076.20	2045.00	2084.35	2000.00	2.973 times
05 Tue Mar 2024	2039.90	2077.30	2082.05	2015.00	1.79 times
04 Mon Mar 2024	2077.40	2099.00	2099.00	2042.00	0.944 times
02 Sat Mar 2024	2074.15	2084.00	2084.00	2060.10	0.265 times
01 Fri Mar 2024	2062.65	2029.45	2070.00	1991.60	1.132 times
29 Thu Feb 2024	1975.20	2011.65	2030.50	1965.25	0.972 times
28 Wed Feb 2024	2011.65	2050.95	2074.00	1985.30	1.268 times
27 Tue Feb 2024	2046.80	2051.05	2065.70	2031.55	0.841 times
26 Mon Feb 2024	2040.60	2030.00	2067.95	2015.00	1.191 times
23 Fri Feb 2024	2024.20	2019.70	2036.00	2001.60	0.802 times

Stock of Manorama Industries (MANORAMA) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 2074.4, but if it comes below 2074.4, then a intra day sell could be more profitable.
If you take a sell trade below 2074.4, then use 2074.4 as stoploss and 1986.45 as target. However if you take a buy trade in stock , then use 2074.4 as stoploss and 2179.9 as target.

Share price targets for Manorama Industries (MANORAMA)

Target Type	Value
Downside Target	1756.00
Downside Target	1831.00
Downside Target	1965.25
Upside Target	2084.00
Upside Target	2088.85
Upside Target	2099.00
Upside Target	2100.00
Upside Target	2258.00
Upside Target	2260.05

Intraday share price targets for Manorama Industries (MANORAMA)

Target Type	Value
Downside Intraday Target	2017.8
Downside Intraday Target	1959.4
Upside Intraday Target	2116.8
Upside Intraday Target	2157.4
Downside Intraday Target	2058.4

Weekly technical analysis of Manorama Industries (MANORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	2076.20	2099.00	2099.00	2000.00	1.007 times
02 Sat Mar 2024	2074.15	2030.00	2084.00	1965.25	0.918 times
23 Fri Feb 2024	2024.20	2060.00	2088.85	1974.05	0.972 times
16 Fri Feb 2024	2017.65	1843.15	2039.00	1756.00	1.696 times
09 Fri Feb 2024	1880.60	1987.00	1987.00	1867.85	0.408 times

Price has moved up 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 Manorama Industries (MANORAMA)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	2076.20	2029.45	2099.00	1991.60	0.273 times
29 Thu Feb 2024	1975.20	1872.10	2088.85	1756.00	0.725 times
31 Wed Jan 2024	1871.75	1966.95	2258.00	1864.00	2.391 times
29 Fri Dec 2023	1897.55	2068.00	2100.00	1831.00	1.014 times

Scroll below to view daily charts

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

Indicators analysis of Manorama Industries (MANORAMA)

Price action analysis of Manorama Industries ( (MANORAMA) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Manorama Industries ( (MANORAMA) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Manorama Industries ( (MANORAMA) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Manorama Industries ( (MANORAMA) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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

MACD generated a BUY signal for Manorama Industries in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Manorama Industries Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Manorama Industries in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Manorama Industries is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2045.94 and Manorama Industries (MANORAMA) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Manorama Industries (MANORAMA) stock. Volume based technical analysis of Manorama Industries (MANORAMA) stock is negative.

Manorama Industries Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

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