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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)

Showing technical analysis as on 2024-04-29 View latest technical analysis

10 day averaged volume of Manorama Industries is 48269

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Apr 2024	667.00	655.00	670.35	648.00	3.85 times
26 Fri Apr 2024	638.45	622.00	638.45	608.25	1.322 times
25 Thu Apr 2024	608.05	600.00	620.00	580.00	1.523 times
24 Wed Apr 2024	593.55	625.00	625.00	580.50	1.83 times
23 Tue Apr 2024	602.55	640.10	658.00	595.40	4.256 times
14 Mon Aug 2023	1742.00	1789.00	1789.00	1700.00	0.075 times
11 Fri Aug 2023	1764.80	1749.00	1779.00	1721.10	0.09 times
10 Thu Aug 2023	1738.20	1780.00	1810.00	1710.00	0.123 times
09 Wed Aug 2023	1779.60	1738.95	1785.00	1685.00	0.161 times
08 Tue Aug 2023	1712.65	1779.00	1785.00	1699.00	0.107 times

Stock of Manorama Industries (MANORAMA_BE) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 964.4, but if it comes above 964.4, then a intra day buy could be more profitable.
If you take a sell trade below 964.4, then use 964.4 as stoploss and 398.2 as target. However if you take a buy trade in stock , then use 964.4 as stoploss and 1436.35 as target.

Share price targets for Manorama Industries (MANORAMA_BE)

Target Type	Value
Downside Target	580.00
Downside Target	648.00
Upside Target	670.35
Upside Target	1300.00
Upside Target	1397.00
Upside Target	1510.00
Upside Target	1563.95
Upside Target	1599.00
Upside Target	1685.00
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	653.22
Downside Intraday Target	639.43
Upside Intraday Target	675.57
Upside Intraday Target	684.13
Downside Intraday Target	661.78

Weekly technical analysis of Manorama Industries (MANORAMA_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Apr 2024	667.00	655.00	670.35	648.00	0.428 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 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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Mon Apr 2024	667.00	640.10	670.35	580.00	6.727 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
30 Fri Jun 2023	1533.65	1489.80	1563.95	1397.00	3.182 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Manorama Industries ( (MANORAMA_BE) ) 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_BE) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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

RSI is generating a SELL signal in short term and selling is picking up 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 671.99 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.