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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 2024-05-21 View latest technical analysis

10 day averaged volume of Orissa Minerals is 12301

Date	Daily Closing Price	Open	High	Low	Volume
21 Tue May 2024	5866.30	5900.60	6085.00	5839.25	4.02 times
18 Sat May 2024	6262.00	6321.00	6339.95	6213.45	1.7 times
17 Fri May 2024	6540.45	6500.00	6735.00	6405.05	1.904 times
16 Thu May 2024	6327.85	6405.00	6446.00	6300.00	0.376 times
15 Wed May 2024	6364.70	6350.00	6500.00	6316.00	0.745 times
14 Tue May 2024	6308.20	6399.95	6440.00	6251.00	0.632 times
13 Mon May 2024	6321.65	6396.10	6396.10	6150.00	0.475 times
10 Fri May 2024	6348.50	6240.00	6390.00	6070.00	1.076 times
09 Thu May 2024	6153.00	6470.00	6543.80	6096.90	1.244 times
08 Wed May 2024	6495.35	6533.00	6640.00	6466.00	0.644 times

Stock of Orissa Minerals (ORISSAMINE) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 5939.8, for a target of 6254.9 or 6517.48

Share price targets for Orissa Minerals (ORISSAMINE)

Target Type	Value
Downside Target	5564.40
Downside Target	5839.25
Upside Target	6070.00
Upside Target	6400.00
Upside Target	6590.00
Upside Target	6735.00
Upside Target	6882.00
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	5775.37
Downside Intraday Target	5684.43
Upside Intraday Target	6021.12
Upside Intraday Target	6175.93
Upside Intraday Target	5930.18

Weekly technical analysis of Orissa Minerals (ORISSAMINE)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Tue May 2024	5866.30	5900.60	6085.00	5839.25	0.689 times
18 Sat May 2024	6262.00	6396.10	6735.00	6150.00	1.121 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

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
21 Tue May 2024	5866.30	6924.65	6999.00	5839.25	0.497 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 neutral. A longer time frame might give a better analysis.

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 BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 6200.04 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.