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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 2024-04-02 View latest technical analysis

10 day averaged volume of Manorama Industries is 156668

Date	Daily Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	421.85	418.00	424.00	412.70	1.824 times
01 Mon Apr 2024	415.40	415.00	420.00	405.60	1.388 times
28 Thu Mar 2024	398.35	369.95	424.00	365.90	3.189 times
27 Wed Mar 2024	358.95	343.00	366.00	343.00	0.925 times
26 Tue Mar 2024	342.90	347.00	361.85	340.00	0.974 times
22 Fri Mar 2024	347.55	340.00	354.10	339.65	0.539 times
21 Thu Mar 2024	336.80	327.00	339.90	325.00	0.296 times
20 Wed Mar 2024	326.45	329.50	336.95	322.30	0.547 times
19 Tue Mar 2024	323.80	332.80	335.05	321.35	0.327 times
18 Mon Mar 2024	328.15	330.00	340.20	323.05	0.706 times

My analysis of stock is bearish for shortterm, and stock might move down till 11.7 or till -811. Use a stoploss of 697.27 and if the stock hits stoploss, then it can shoot up till 1382.83

Share price targets for Manorama Industries (MANORAMA)

Target Type	Value
Downside Target	301.55
Downside Target	321.35
Downside Target	340.00
Downside Target	354.10
Downside Target	388.95
Downside Target	405.60
Upside Target	424.00
Upside Target	1756.00
Upside Target	1831.00
Upside Target	2088.85
Upside Target	2099.00
Upside Target	2100.00
Upside Target	2258.00

Intraday share price targets for Manorama Industries (MANORAMA)

Target Type	Value
Downside Intraday Target	410.3
Downside Intraday Target	398.75
Upside Intraday Target	428.7
Upside Intraday Target	435.55
Downside Intraday Target	417.15

Weekly technical analysis of Manorama Industries (MANORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	421.85	415.00	424.00	405.60	0.631 times
28 Thu Mar 2024	398.35	347.00	424.00	340.00	2.105 times
22 Fri Mar 2024	347.55	330.00	354.10	321.35	0.329 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

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
02 Tue Apr 2024	421.85	415.00	424.00	405.60	0.192 times
28 Thu Mar 2024	398.35	2029.45	2099.00	301.55	7.336 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

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 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 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 mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 BUY signal for Manorama Industries in short term but the buy signal is initial and weak.

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 stronger in this stock.

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 and BUY signal is strong.

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

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 381.28 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 negative.

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