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(MANORAMA) Manorama Industries complete technical analysis [charts+indicators] | Buy/Sell Manorama Industries | (MANORAMA) share price targets

Complete technical analysis of Manorama Industries (MANORAMA) by charts plus indicators, forecast predictions and share price targets for Manorama Industries (MANORAMA)

Showing technical analysis as on 2024-04-15 View latest technical analysis

10 day averaged volume of Manorama Industries is 268312

Date	Daily Closing Price	Open	High	Low	Volume
15 Mon Apr 2024	463.40	432.00	473.20	432.00	0.716 times
12 Fri Apr 2024	466.60	460.00	484.70	453.00	1.557 times
10 Wed Apr 2024	449.85	450.30	456.90	441.00	0.343 times
09 Tue Apr 2024	449.05	443.45	459.95	443.15	0.238 times
08 Mon Apr 2024	442.30	447.50	465.15	431.55	0.657 times
05 Fri Apr 2024	445.20	449.10	451.00	434.45	0.32 times
04 Thu Apr 2024	450.20	454.85	473.90	445.10	1.027 times
03 Wed Apr 2024	450.30	422.00	486.20	422.00	2.121 times
02 Tue Apr 2024	421.85	418.00	424.00	412.70	1.065 times
01 Mon Apr 2024	415.40	415.00	420.00	405.60	0.81 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 448.7, but if it comes below 448.7, then a intra day sell could be more profitable.
If you take a sell trade below 448.7, then use 448.7 as stoploss and 393.47 as target. However if you take a buy trade in stock , then use 448.7 as stoploss and 515.1 as target.

Share price targets for Manorama Industries (MANORAMA)

Target Type	Value
Downside Target	301.55
Downside Target	321.35
Downside Target	340.00
Downside Target	354.10
Downside Target	405.60
Downside Target	424.00
Upside Target	473.20
Upside Target	484.70
Upside Target	1756.00
Upside Target	1831.00
Upside Target	1864.00
Upside Target	2088.85
Upside Target	2099.00
Upside Target	2100.00
Upside Target	2258.00

Intraday share price targets for Manorama Industries (MANORAMA)

Target Type	Value
Downside Intraday Target	439.2
Downside Intraday Target	415
Upside Intraday Target	480.4
Upside Intraday Target	497.4
Downside Intraday Target	456.2

Weekly technical analysis of Manorama Industries (MANORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Mon Apr 2024	463.40	432.00	473.20	432.00	0.256 times
12 Fri Apr 2024	466.60	447.50	484.70	431.55	0.523 times
05 Fri Apr 2024	445.20	415.00	486.20	405.60	1.799 times
28 Thu Mar 2024	398.35	347.00	424.00	340.00	2.105 times
22 Fri Mar 2024	347.55	330.00	354.10	321.35	0.329 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 Manorama Industries (MANORAMA)

Date	Monthly Closing Price	Open	High	Low	Volume
15 Mon Apr 2024	463.40	415.00	486.20	405.60	0.907 times
28 Thu Mar 2024	398.35	2029.45	2099.00	301.55	7.336 times
29 Thu Feb 2024	1975.20	1872.10	2088.85	1756.00	0.725 times
31 Wed Jan 2024	1871.75	1966.95	2258.00	1864.00	2.391 times

Scroll below to view daily charts

Price has moved up 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 Manorama Industries (MANORAMA)

Price action analysis of Manorama Industries ( (MANORAMA) ) 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 Manorama Industries ( (MANORAMA) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Manorama Industries ( (MANORAMA) ) based on a short to mid 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 Manorama Industries ( (MANORAMA) ) based on a mid to longer 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.

ADX buy sell signal for Manorama Industries stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Manorama Industries in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Manorama Industries Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Manorama Industries in short term but SELL 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 Manorama Industries is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 446.77 and Manorama Industries (MANORAMA) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Manorama Industries (MANORAMA) stock. Volume based technical analysis of Manorama Industries (MANORAMA) stock is negative.

Manorama Industries Stock is giving positive 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.