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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)

10 day averaged volume of Manorama Industries is 253933

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	626.70	584.90	626.70	578.35	1.035 times
19 Fri Apr 2024	569.75	528.00	578.50	515.75	1.883 times
18 Thu Apr 2024	528.65	507.30	535.05	505.55	1.385 times
16 Tue Apr 2024	501.40	465.25	508.80	463.00	1.599 times
15 Mon Apr 2024	463.40	432.00	473.20	432.00	0.756 times
12 Fri Apr 2024	466.60	460.00	484.70	453.00	1.645 times
10 Wed Apr 2024	449.85	450.30	456.90	441.00	0.363 times
09 Tue Apr 2024	449.05	443.45	459.95	443.15	0.251 times
08 Mon Apr 2024	442.30	447.50	465.15	431.55	0.694 times
05 Fri Apr 2024	445.20	449.10	451.00	434.45	0.338 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 606.9, for a target of 515.7 or 439.58

Share price targets for Manorama Industries (MANORAMA)

Target Type	Value
Downside Target	301.55
Downside Target	340.00
Downside Target	405.60
Downside Target	424.00
Downside Target	484.70
Downside Target	578.35
Downside Target	626.70
Upside Target	1756.00
Upside Target	1831.00
Upside Target	1864.00
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	594.47
Downside Intraday Target	562.23
Upside Intraday Target	642.82
Upside Intraday Target	658.93
Downside Intraday Target	610.58

Weekly technical analysis of Manorama Industries (MANORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	626.70	584.90	626.70	578.35	0.184 times
19 Fri Apr 2024	569.75	432.00	578.50	432.00	1.904 times
12 Fri Apr 2024	466.60	447.50	484.70	431.55	0.523 times
05 Fri Apr 2024	445.20	415.00	486.20	405.60	1.799 times
28 Thu Mar 2024	398.35	347.00	424.00	340.00	2.105 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
22 Mon Apr 2024	626.70	415.00	626.70	405.60	1.479 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 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 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 BUY. Signal strength is Strong and stock is gaining 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 in or above 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 but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 513.28 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.