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(MANORAMA_BE) Manorama Industries complete technical analysis [charts+indicators] | Buy/Sell Manorama Industries | (MANORAMA_BE) share price targets

Complete technical analysis of Manorama Industries (MANORAMA_BE) by charts plus indicators, forecast predictions and share price targets for Manorama Industries (MANORAMA_BE)

10 day averaged volume of Manorama Industries is 77742

Date	Daily Closing Price	Open	High	Low	Volume
03 Fri May 2024	634.00	665.00	665.00	625.00	0.504 times
02 Thu May 2024	646.70	639.70	655.00	619.00	0.741 times
30 Tue Apr 2024	634.90	661.00	665.00	633.65	1.145 times
29 Mon Apr 2024	667.00	655.00	670.35	648.00	2.39 times
26 Fri Apr 2024	638.45	622.00	638.45	608.25	0.821 times
25 Thu Apr 2024	608.05	600.00	620.00	580.00	0.946 times
24 Wed Apr 2024	593.55	625.00	625.00	580.50	1.136 times
23 Tue Apr 2024	602.55	640.10	658.00	595.40	2.642 times
14 Mon Aug 2023	1742.00	1789.00	1789.00	1700.00	0.046 times
11 Fri Aug 2023	1764.80	1749.00	1779.00	1721.10	0.056 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 746.8, but if it comes above 746.8, then a intra day buy could be more profitable.
If you take a sell trade below 746.8, then use 746.8 as stoploss and 105.2 as target. However if you take a buy trade in stock , then use 746.8 as stoploss and 1281.53 as target.

Share price targets for Manorama Industries (MANORAMA_BE)

Target Type	Value
Downside Target	580.00
Downside Target	619.00
Upside Target	665.00
Upside Target	1397.00
Upside Target	1510.00
Upside Target	1563.95
Upside Target	1599.00
Upside Target	1685.00
Upside Target	1704.95
Upside Target	1740.00
Upside Target	1789.00
Upside Target	1810.00
Upside Target	1813.90

Intraday share price targets for Manorama Industries (MANORAMA_BE)

Target Type	Value
Downside Intraday Target	611.88
Downside Intraday Target	589.77
Upside Intraday Target	663.23
Upside Intraday Target	692.47
Upside Intraday Target	641.12

Weekly technical analysis of Manorama Industries (MANORAMA_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Fri May 2024	634.00	655.00	670.35	619.00	0.855 times
26 Fri Apr 2024	638.45	1789.00	1789.00	580.00	9.06 times
11 Fri Aug 2023	1764.80	1754.00	1810.00	1685.00	1.104 times
04 Fri Aug 2023	1703.15	1655.60	1740.00	1600.00	3.664 times
28 Fri Jul 2023	1655.60	1704.95	1704.95	1599.00	0.521 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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
03 Fri May 2024	634.00	639.70	665.00	619.00	0.137 times
30 Tue Apr 2024	634.90	640.10	670.35	580.00	7.698 times
14 Mon Aug 2023	1742.00	1655.00	1810.00	1630.00	0.758 times
31 Mon Jul 2023	1675.50	1510.00	1813.90	1510.00	0.827 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_BE)

Price action analysis of Manorama Industries ( (MANORAMA_BE) ) 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_BE) ) 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_BE) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Manorama Industries ( (MANORAMA_BE) ) 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 losing 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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

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 but selling is losing 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 639.19 and Manorama Industries (MANORAMA_BE) 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_BE) stock. Volume based technical analysis of Manorama Industries (MANORAMA_BE) 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.