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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 2024-03-21 View latest technical analysis

10 day averaged volume of Manorama Industries is 163532

Date	Daily Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	336.80	327.00	339.90	325.00	0.284 times
20 Wed Mar 2024	326.45	329.50	336.95	322.30	0.524 times
19 Tue Mar 2024	323.80	332.80	335.05	321.35	0.314 times
18 Mon Mar 2024	328.15	330.00	340.20	323.05	0.677 times
15 Fri Mar 2024	326.90	329.00	339.00	315.00	1.062 times
14 Thu Mar 2024	325.30	315.10	334.00	309.15	1.289 times
13 Wed Mar 2024	308.95	347.00	353.45	301.55	1.305 times
12 Tue Mar 2024	343.50	378.90	378.90	340.15	2.696 times
11 Mon Mar 2024	375.75	391.15	393.95	368.30	0.691 times
07 Thu Mar 2024	397.10	421.00	427.80	388.95	1.192 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 338.8, but if it comes above 338.8, then a intra day buy could be more profitable.
If you take a sell trade below 338.8, then use 338.8 as stoploss and -683.9 as target. However if you take a buy trade in stock , then use 338.8 as stoploss and 1191.07 as target.

Share price targets for Manorama Industries (MANORAMA)

Target Type	Value
Downside Target	301.55
Downside Target	321.35
Upside Target	340.20
Upside Target	388.95
Upside Target	1756.00
Upside Target	1831.00
Upside 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	325.37
Downside Intraday Target	313.93
Upside Intraday Target	344.22
Upside Intraday Target	351.63
Downside Intraday Target	332.78

Weekly technical analysis of Manorama Industries (MANORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	336.80	330.00	340.20	321.35	0.255 times
15 Fri Mar 2024	326.90	391.15	393.95	301.55	4.213 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

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
21 Thu Mar 2024	336.80	2029.45	2099.00	301.55	4.868 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 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 term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 Manorama Industries stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Manorama Industries in short term and the sell 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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Manorama Industries in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL 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 340.77 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.