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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 2024-05-16 View latest technical analysis

10 day averaged volume of Orissa Minerals is 10926

Date	Daily Closing Price	Open	High	Low	Volume
16 Thu May 2024	6327.85	6405.00	6446.00	6300.00	0.424 times
15 Wed May 2024	6364.70	6350.00	6500.00	6316.00	0.839 times
14 Tue May 2024	6308.20	6399.95	6440.00	6251.00	0.711 times
13 Mon May 2024	6321.65	6396.10	6396.10	6150.00	0.535 times
10 Fri May 2024	6348.50	6240.00	6390.00	6070.00	1.212 times
09 Thu May 2024	6153.00	6470.00	6543.80	6096.90	1.401 times
08 Wed May 2024	6495.35	6533.00	6640.00	6466.00	0.725 times
07 Tue May 2024	6523.70	6725.00	6772.00	6450.00	1.355 times
06 Mon May 2024	6731.50	6932.05	6932.05	6710.00	1.166 times
03 Fri May 2024	6863.10	6880.00	6928.40	6770.60	1.081 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 6371.8, but if it comes above 6371.8, then a intra day buy could be more profitable.
If you take a sell trade below 6371.8, then use 6371.8 as stoploss and 6123.6 as target. However if you take a buy trade in stock , then use 6371.8 as stoploss and 6578.52 as target.

Share price targets for Orissa Minerals (ORISSAMINE)

Target Type	Value
Downside Target	5564.40
Downside Target	5933.75
Downside Target	6070.00
Upside Target	6400.00
Upside Target	6855.00
Upside Target	6932.05
Upside Target	6975.00
Upside Target	6999.00
Upside Target	7179.00
Upside Target	7230.00
Upside Target	7550.00
Upside Target	7599.00

Intraday share price targets for Orissa Minerals (ORISSAMINE)

Target Type	Value
Downside Intraday Target	6151.9
Downside Intraday Target	5975.95
Upside Intraday Target	6501.9
Upside Intraday Target	6675.95
Downside Intraday Target	6325.95

Weekly technical analysis of Orissa Minerals (ORISSAMINE)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Thu May 2024	6327.85	6396.10	6500.00	6150.00	0.428 times
10 Fri May 2024	6348.50	6932.05	6932.05	6070.00	0.737 times
03 Fri May 2024	6863.10	6769.00	7179.00	6590.00	1.365 times
26 Fri Apr 2024	6699.80	6600.50	6975.00	6600.50	1.238 times
19 Fri Apr 2024	6596.65	6709.95	6855.00	6453.05	0.282 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
16 Thu May 2024	6327.85	6924.65	6999.00	6070.00	0.272 times
30 Tue Apr 2024	6890.00	5944.95	7230.00	5933.75	2.088 times
28 Thu Mar 2024	5913.15	6799.95	6882.00	5564.40	0.689 times
29 Thu Feb 2024	6785.50	7539.95	7550.00	6430.00	0.581 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 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 Orissa Minerals ( (ORISSAMINE) ) 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 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 Weak 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 weakening, and bulls are picking up momentum!

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 Orissa Minerals in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining 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 6457.98 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 positive

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