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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 2024-12-23 View latest technical analysis

10 day averaged volume of Manorama Industries is 30588

Date	Daily Closing Price	Open	High	Low	Volume
23 Mon Dec 2024	1119.10	1139.15	1145.00	1077.05	1.645 times
20 Fri Dec 2024	1139.15	1156.10	1200.00	1124.00	1.238 times
19 Thu Dec 2024	1169.45	1151.00	1187.90	1142.05	0.483 times
18 Wed Dec 2024	1169.65	1178.80	1178.80	1130.00	0.889 times
17 Tue Dec 2024	1156.00	1139.00	1174.00	1121.05	0.769 times
16 Mon Dec 2024	1126.30	1178.90	1178.90	1118.00	0.957 times
13 Fri Dec 2024	1135.35	1160.00	1179.20	1110.00	1.136 times
12 Thu Dec 2024	1160.65	1190.00	1190.00	1135.05	0.955 times
11 Wed Dec 2024	1191.35	1209.00	1213.40	1182.10	0.64 times
10 Tue Dec 2024	1194.35	1249.80	1256.00	1174.05	1.266 times

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 1114.6, for a target of 1146.4 or 1172.97

Share price targets for Manorama Industries (MANORAMA)

Target Type	Value
Downside Target	669.65
Downside Target	751.55
Downside Target	780.00
Downside Target	873.00
Downside Target	910.75
Downside Target	958.20
Downside Target	1022.80
Downside Target	1077.05
Downside Target	1110.00
Upside Target	1145.00
Upside Target	1169.00
Upside Target	1200.00
Upside Target	1250.00
Upside Target	1256.00

Intraday share price targets for Manorama Industries (MANORAMA)

Target Type	Value
Downside Intraday Target	1082.43
Downside Intraday Target	1045.77
Upside Intraday Target	1150.38
Upside Intraday Target	1181.67
Downside Intraday Target	1113.72

Weekly technical analysis of Manorama Industries (MANORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Mon Dec 2024	1119.10	1139.15	1145.00	1077.05	0.379 times
20 Fri Dec 2024	1139.15	1178.90	1200.00	1118.00	0.766 times
13 Fri Dec 2024	1135.35	1200.00	1256.00	1110.00	1.618 times
06 Fri Dec 2024	1183.40	1193.75	1216.00	1169.00	0.268 times
29 Fri Nov 2024	1177.45	1150.00	1250.00	1120.00	2.708 times

Price has moved down 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
23 Mon Dec 2024	1119.10	1193.75	1256.00	1077.05	0.365 times
29 Fri Nov 2024	1177.45	995.00	1250.00	958.20	0.544 times
31 Thu Oct 2024	984.30	831.00	1022.80	780.00	2.154 times
30 Mon Sep 2024	830.15	830.00	873.00	751.55	0.695 times

Scroll below to view daily charts

Price has moved down 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 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 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 Strong and stock is gaining momentum.

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

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 green color and prices are in or below the green 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 BUY signal in short term but buying is losing 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 1152.07 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 positive

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