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(OMFURN_SM) Omfurn India complete technical analysis [charts+indicators] | Buy/Sell Omfurn India | (OMFURN_SM) share price targets

Complete technical analysis of Omfurn India (OMFURN_SM) by charts plus indicators, forecast predictions and share price targets for Omfurn India (OMFURN_SM)

Showing technical analysis as on 2024-04-03 View latest technical analysis

10 day averaged volume of Omfurn India is 196560

Date	Daily Closing Price	Open	High	Low	Volume
03 Wed Apr 2024	75.25	74.40	76.30	74.00	0.842 times
02 Tue Apr 2024	74.40	70.00	76.00	69.20	2.357 times
01 Mon Apr 2024	72.80	72.80	72.80	72.80	0.781 times
28 Thu Mar 2024	76.60	76.60	76.60	76.60	6.056 times
27 Wed Mar 2024	80.60	79.05	81.75	79.00	0.049 times
26 Tue Mar 2024	83.15	83.15	83.15	83.15	0.037 times
22 Fri Mar 2024	80.55	80.80	81.90	78.60	0.159 times
21 Thu Mar 2024	82.70	80.50	83.50	80.50	0.122 times
20 Wed Mar 2024	80.70	81.00	84.85	80.70	0.098 times
19 Tue Mar 2024	84.95	85.10	86.50	82.65	0.073 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 76.6, but if it comes above 76.6, then a intra day buy could be more profitable.
If you take a sell trade below 76.6, then use 76.6 as stoploss and 72.1 as target. However if you take a buy trade in stock , then use 76.6 as stoploss and 80.25 as target.

Share price targets for Omfurn India (OMFURN_SM)

Target Type	Value
Downside Target	63.70
Downside Target	66.85
Downside Target	69.20
Downside Target	73.00
Upside Target	75.80
Upside Target	83.15
Upside Target	84.00
Upside Target	85.95
Upside Target	87.95
Upside Target	92.60
Upside Target	98.70

Intraday share price targets for Omfurn India (OMFURN_SM)

Target Type	Value
Downside Intraday Target	70.87
Downside Intraday Target	66.48
Upside Intraday Target	77.97
Upside Intraday Target	80.68
Downside Intraday Target	73.58

Weekly technical analysis of Omfurn India (OMFURN_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Wed Apr 2024	75.25	72.80	76.30	69.20	0.648 times
28 Thu Mar 2024	76.60	83.15	83.15	76.60	8.525 times
22 Fri Mar 2024	80.55	87.50	87.95	78.60	1.283 times
15 Fri Mar 2024	83.80	80.00	85.95	78.00	1.643 times
07 Thu Mar 2024	79.60	83.00	84.00	73.00	0.528 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 Omfurn India (OMFURN_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
03 Wed Apr 2024	75.25	72.80	76.30	69.20	0.512 times
28 Thu Mar 2024	76.60	83.30	87.95	73.00	6.067 times
29 Thu Feb 2024	83.50	90.10	98.70	77.55	0.413 times
31 Wed Jan 2024	91.25	66.85	92.60	66.85	4.618 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 Omfurn India (OMFURN_SM)

Price action analysis of Omfurn India ( (OMFURN_SM) ) 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 Omfurn India ( (OMFURN_SM) ) 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 Omfurn India ( (OMFURN_SM) ) 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 Omfurn India ( (OMFURN_SM) ) based on a mid to longer 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.

ADX buy sell signal for Omfurn India stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Omfurn India in short term and the sell signal is strong.

Omfurn India 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 Omfurn India 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 Omfurn India is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 75.99 and Omfurn India (OMFURN_SM) 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 Omfurn India (OMFURN_SM) stock. Volume based technical analysis of Omfurn India (OMFURN_SM) stock is negative.

Omfurn India 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.