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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 2024-10-28 View latest technical analysis

10 day averaged volume of Omfurn India is 8400

Date	Daily Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	62.10	62.10	62.10	62.10	0.286 times
25 Fri Oct 2024	62.10	60.00	62.10	60.00	1.714 times
24 Thu Oct 2024	59.25	61.00	61.00	58.05	1.143 times
23 Wed Oct 2024	61.00	61.00	61.00	61.00	0.286 times
22 Tue Oct 2024	61.80	62.00	62.00	61.80	0.857 times
21 Mon Oct 2024	65.00	68.70	68.70	65.00	1.429 times
18 Fri Oct 2024	67.60	68.00	68.00	67.60	0.857 times
16 Wed Oct 2024	71.00	71.00	71.00	71.00	0.286 times
15 Tue Oct 2024	68.80	65.50	69.50	65.50	1.714 times
11 Fri Oct 2024	68.80	66.85	68.80	66.85	0.857 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 62.6, but if it comes above 62.6, then a intra day buy could be more profitable.
If you take a sell trade below 62.6, then use 62.6 as stoploss and 58.4 as target. However if you take a buy trade in stock , then use 62.6 as stoploss and 66.13 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	58.05
Downside Target	60.15
Downside Target	62.10
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	62.1
Downside Intraday Target	62.1
Downside Intraday Target	62.1
Downside Intraday Target	62.1
Downside Intraday Target	62.1

Weekly technical analysis of Omfurn India (OMFURN_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	62.10	62.10	62.10	62.10	0.053 times
25 Fri Oct 2024	62.10	68.70	68.70	58.05	1.9 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

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
28 Mon Oct 2024	62.10	70.00	71.00	58.05	0.467 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 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 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 mid to longer 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.

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 coming down

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 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 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 64.73 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.