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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 2024-10-22 View latest technical analysis

10 day averaged volume of Omfurn India is 11520

Date	Daily Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	61.80	62.00	62.00	61.80	0.625 times
21 Mon Oct 2024	65.00	68.70	68.70	65.00	1.042 times
18 Fri Oct 2024	67.60	68.00	68.00	67.60	0.625 times
16 Wed Oct 2024	71.00	71.00	71.00	71.00	0.208 times
15 Tue Oct 2024	68.80	65.50	69.50	65.50	1.25 times
11 Fri Oct 2024	68.80	66.85	68.80	66.85	0.625 times
09 Wed Oct 2024	66.85	65.20	68.50	65.20	0.625 times
08 Tue Oct 2024	68.50	64.50	68.50	64.50	1.042 times
07 Mon Oct 2024	66.55	66.55	66.55	66.55	0.417 times
03 Thu Oct 2024	70.05	66.55	70.50	66.55	2.917 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 63.3, but if it comes above 63.3, then a intra day buy could be more profitable.
If you take a sell trade below 63.3, then use 63.3 as stoploss and 59.5 as target. However if you take a buy trade in stock , then use 63.3 as stoploss and 66.52 as target.

Share price targets for Omfurn India (OMFURN_SM)

Target Type	Value
Downside Target	52.50
Downside Target	54.25
Downside Target	56.60
Downside Target	59.00
Downside Target	61.80
Upside Target	64.50
Upside Target	68.70
Upside Target	70.85
Upside Target	71.00
Upside Target	71.20
Upside Target	71.30
Upside Target	72.00
Upside Target	74.80

Intraday share price targets for Omfurn India (OMFURN_SM)

Target Type	Value
Downside Intraday Target	59.5
Downside Intraday Target	57.2
Upside Intraday Target	66.4
Upside Intraday Target	71
Upside Intraday Target	64.1

Weekly technical analysis of Omfurn India (OMFURN_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	61.80	68.70	68.70	61.80	0.8 times
18 Fri Oct 2024	67.60	65.50	71.00	65.50	0.769 times
11 Fri Oct 2024	68.80	66.55	68.80	64.50	0.481 times
03 Thu Oct 2024	70.05	68.00	70.85	64.50	0.397 times
27 Fri Sep 2024	70.70	60.85	71.30	59.00	2.957 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
22 Tue Oct 2024	61.80	70.00	71.00	61.80	0.378 times
30 Mon Sep 2024	67.50	58.00	71.30	56.60	0.668 times
30 Fri Aug 2024	59.50	65.00	74.80	54.25	1.443 times
31 Wed Jul 2024	63.90	72.00	72.00	60.15	1.321 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 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 Omfurn India ( (OMFURN_SM) ) 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 Omfurn India ( (OMFURN_SM) ) 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 Omfurn India stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

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

Omfurn India 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 green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Omfurn India in short term and SELL signal is strong!

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

Stock of Omfurn India is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 68.01 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.