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(ORISSAMINE) Orissa Minerals complete technical analysis [charts+indicators] | Buy/Sell Orissa Minerals | (ORISSAMINE) share price targets

Complete technical analysis of Orissa Minerals (ORISSAMINE) by charts plus indicators, forecast predictions and share price targets for Orissa Minerals (ORISSAMINE)

Showing technical analysis as on 2024-02-28 View latest technical analysis

10 day averaged volume of Orissa Minerals is 7925

Date	Daily Closing Price	Open	High	Low	Volume
28 Wed Feb 2024	6519.80	6706.25	6767.00	6451.25	1.415 times
27 Tue Feb 2024	6706.10	6827.00	6927.00	6666.00	1.288 times
26 Mon Feb 2024	6741.70	6751.00	6847.40	6659.95	1.102 times
23 Fri Feb 2024	6735.00	6800.00	6865.00	6701.00	0.747 times
22 Thu Feb 2024	6766.10	6750.10	6830.00	6683.80	0.62 times
21 Wed Feb 2024	6766.00	6756.00	6846.70	6720.00	0.882 times
20 Tue Feb 2024	6799.25	6735.00	6919.90	6735.00	1.079 times
19 Mon Feb 2024	6757.80	6820.00	6889.00	6735.05	0.815 times
16 Fri Feb 2024	6820.85	6946.00	7046.95	6800.00	0.908 times
15 Thu Feb 2024	6976.50	6999.00	7052.00	6919.40	1.107 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 6661.6, but if it comes above 6661.6, then a intra day buy could be more profitable.
If you take a sell trade below 6661.6, then use 6661.6 as stoploss and 6417.1 as target. However if you take a buy trade in stock , then use 6661.6 as stoploss and 6865.29 as target.

Share price targets for Orissa Minerals (ORISSAMINE)

Target Type	Value
Downside Target	5262.15
Downside Target	6400.00
Upside Target	6683.80
Upside Target	6919.90
Upside Target	7052.00
Upside Target	7390.00
Upside Target	7550.00
Upside Target	7599.00
Upside Target	7688.00
Upside Target	7700.00
Upside Target	8344.00

Intraday share price targets for Orissa Minerals (ORISSAMINE)

Target Type	Value
Downside Intraday Target	6338.37
Downside Intraday Target	6156.93
Upside Intraday Target	6814.12
Upside Intraday Target	7108.43
Upside Intraday Target	6632.68

Weekly technical analysis of Orissa Minerals (ORISSAMINE)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Wed Feb 2024	6519.80	6751.00	6927.00	6451.25	0.918 times
23 Fri Feb 2024	6735.00	6820.00	6919.90	6683.80	0.387 times
16 Fri Feb 2024	6820.85	6950.00	7052.00	6430.00	0.916 times
09 Fri Feb 2024	6957.30	7114.00	7390.00	6777.00	0.467 times
02 Fri Feb 2024	7114.50	6500.00	7599.00	6430.20	2.518 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 Orissa Minerals (ORISSAMINE)

Date	Monthly Closing Price	Open	High	Low	Volume
28 Wed Feb 2024	6519.80	7539.95	7550.00	6430.00	0.544 times
31 Wed Jan 2024	7426.40	7125.00	7599.00	6400.00	0.855 times
29 Fri Dec 2023	7093.95	7299.00	8344.00	6950.00	0.823 times
30 Thu Nov 2023	7280.80	6623.00	7700.00	6499.00	0.404 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 Orissa Minerals (ORISSAMINE)

Price action analysis of Orissa Minerals ( (ORISSAMINE) ) 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 Orissa Minerals ( (ORISSAMINE) ) 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 Orissa Minerals ( (ORISSAMINE) ) 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 Orissa Minerals ( (ORISSAMINE) ) 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 Orissa Minerals stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Orissa Minerals in short term and the sell signal is strong.

Orissa Minerals 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 SELL signal for Orissa Minerals 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Orissa Minerals is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 6749.61 and Orissa Minerals (ORISSAMINE) 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 Orissa Minerals (ORISSAMINE) stock. Volume based technical analysis of Orissa Minerals (ORISSAMINE) stock is negative.

Orissa Minerals 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.