Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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)

10 day averaged volume of Manorama Industries is 9321

Date	Daily Closing Price	Open	High	Low	Volume
08 Fri Dec 2023	1969.55	1963.65	1990.00	1926.55	0.398 times
07 Thu Dec 2023	1950.95	1998.95	2012.95	1944.75	0.713 times
06 Wed Dec 2023	1969.40	2014.85	2030.00	1924.00	2.163 times
05 Tue Dec 2023	2012.90	2038.85	2054.00	1970.00	0.734 times
04 Mon Dec 2023	2038.85	2074.00	2074.00	1991.00	1.271 times
01 Fri Dec 2023	2038.55	2068.00	2100.00	2001.00	0.536 times
30 Thu Nov 2023	2055.80	1981.10	2069.00	1970.10	0.831 times
29 Wed Nov 2023	1998.15	1980.05	2037.40	1980.05	0.741 times
28 Tue Nov 2023	2001.65	2091.00	2099.00	1996.60	1.258 times
24 Fri Nov 2023	2079.05	2061.00	2090.30	2035.55	0.716 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2000.4, but if it comes above 2000.4, then a intra day buy could be more profitable.
If you take a sell trade below 2000.4, then use 2000.4 as stoploss and 1926.6 as target. However if you take a buy trade in stock , then use 2000.4 as stoploss and 2061.89 as target.

Share price targets for Manorama Industries (MANORAMA)

Target Type	Value
Downside Target	1725.00
Downside Target	1924.00
Upside Target	2035.55
Upside Target	2100.00
Upside Target	2174.80
Upside Target	2180.10
Upside Target	2189.00
Upside Target	2210.85
Upside Target	2260.05
Upside Target	2384.95

Intraday share price targets for Manorama Industries (MANORAMA)

Target Type	Value
Downside Intraday Target	1904.37
Downside Intraday Target	1839.18
Upside Intraday Target	2054.37
Upside Intraday Target	2139.18
Upside Intraday Target	1989.18

Weekly technical analysis of Manorama Industries (MANORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Fri Dec 2023	1969.55	2074.00	2074.00	1924.00	1.569 times
01 Fri Dec 2023	2038.55	2091.00	2100.00	1970.10	0.695 times
24 Fri Nov 2023	2079.05	2119.00	2189.00	2035.55	1.412 times
17 Fri Nov 2023	2095.15	2109.00	2180.10	2076.00	1.095 times
10 Fri Nov 2023	2076.30	2175.00	2210.85	2055.25	0.377 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
08 Fri Dec 2023	1969.55	2068.00	2100.00	1924.00	0.267 times
30 Thu Nov 2023	2055.80	2152.55	2260.05	1970.10	1.08 times
31 Tue Oct 2023	2153.20	2032.00	2384.95	1968.35	0.732 times
29 Fri Sep 2023	2083.30	1900.15	2174.80	1732.00	2.008 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 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 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 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 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 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 2007.46 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.