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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 2024-05-31 View latest technical analysis

10 day averaged volume of Orissa Minerals is 18700

Date	Daily Closing Price	Open	High	Low	Volume
31 Fri May 2024	5641.10	5606.00	5725.15	5375.10	1.283 times
30 Thu May 2024	5588.75	5663.40	5775.00	5550.00	0.391 times
29 Wed May 2024	5663.40	5560.00	5751.60	5560.00	0.37 times
28 Tue May 2024	5684.45	5890.00	5890.65	5579.00	0.949 times
27 Mon May 2024	5832.10	5989.00	5989.00	5817.05	0.663 times
24 Fri May 2024	5924.15	5950.00	6014.05	5885.00	0.686 times
23 Thu May 2024	5911.65	5969.80	6063.00	5890.00	0.677 times
22 Wed May 2024	5910.70	5984.00	6090.00	5832.05	1.249 times
21 Tue May 2024	5866.30	5900.60	6085.00	5839.25	2.645 times
18 Sat May 2024	6262.00	6321.00	6339.95	6213.45	1.118 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 5781.6, but if it comes above 5781.6, then a intra day buy could be more profitable.
If you take a sell trade below 5781.6, then use 5781.6 as stoploss and 5375.6 as target. However if you take a buy trade in stock , then use 5781.6 as stoploss and 6119.98 as target.

Share price targets for Orissa Minerals (ORISSAMINE)

Target Type	Value
Downside Target	5375.10
Downside Target	5564.40
Upside Target	5832.05
Upside Target	6400.00
Upside Target	6590.00
Upside Target	6735.00
Upside Target	6882.00
Upside Target	6932.05
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	5347.8
Downside Intraday Target	5054.5
Upside Intraday Target	5961.7
Upside Intraday Target	6282.3
Upside Intraday Target	5668.4

Weekly technical analysis of Orissa Minerals (ORISSAMINE)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Fri May 2024	5641.10	5989.00	5989.00	5375.10	0.695 times
24 Fri May 2024	5924.15	5900.60	6090.00	5832.05	1.37 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

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
31 Fri May 2024	5641.10	6924.65	6999.00	5375.10	0.777 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 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 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

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

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 5856.39 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.