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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 2024-03-12 View latest technical analysis

10 day averaged volume of Manorama Industries is 44801

Date	Daily Closing Price	Open	High	Low	Volume
12 Tue Mar 2024	343.50	378.90	378.90	340.15	9.843 times
11 Mon Mar 2024	375.75	391.15	393.95	368.30	2.523 times
07 Thu Mar 2024	397.10	421.00	427.80	388.95	4.352 times
06 Wed Mar 2024	2076.20	2045.00	2084.35	2000.00	0.912 times
05 Tue Mar 2024	2039.90	2077.30	2082.05	2015.00	0.549 times
04 Mon Mar 2024	2077.40	2099.00	2099.00	2042.00	0.29 times
02 Sat Mar 2024	2074.15	2084.00	2084.00	2060.10	0.081 times
01 Fri Mar 2024	2062.65	2029.45	2070.00	1991.60	0.347 times
29 Thu Feb 2024	1975.20	2011.65	2030.50	1965.25	0.298 times
28 Wed Feb 2024	2011.65	2050.95	2074.00	1985.30	0.389 times

Stock of Manorama Industries (MANORAMA) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 471.7, for a target of 1178.5 or 1767.59

Share price targets for Manorama Industries (MANORAMA)

Target Type	Value
Downside Target	340.15
Upside Target	388.95
Upside Target	1756.00
Upside Target	1831.00
Upside Target	1965.25
Upside Target	2039.00
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	324.45
Downside Intraday Target	305.4
Upside Intraday Target	378.25
Upside Intraday Target	413
Upside Intraday Target	359.2

Weekly technical analysis of Manorama Industries (MANORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Tue Mar 2024	343.50	391.15	393.95	340.15	2.026 times
07 Thu Mar 2024	397.10	2099.00	2099.00	388.95	3.508 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

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

Monthly technical analysis of Manorama Industries (MANORAMA)

Date	Monthly Closing Price	Open	High	Low	Volume
12 Tue Mar 2024	343.50	2029.45	2099.00	340.15	2.37 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 down this month, and volume has increased substantially. This means that the move can 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 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 Manorama Industries ( (MANORAMA) ) 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 Manorama Industries ( (MANORAMA) ) based on a mid to longer 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.

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

MACD generated a SELL signal for Manorama Industries in short term and the sell signal is strong.

Manorama Industries 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 Manorama Industries in short term and SELL signal is strong!

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

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 609.19 and Manorama Industries (MANORAMA) 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 Manorama Industries (MANORAMA) stock. Volume based technical analysis of Manorama Industries (MANORAMA) stock is negative.

Manorama Industries 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.