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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 2024-04-18 View latest technical analysis

10 day averaged volume of Manorama Industries is 256424

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	528.65	507.30	535.05	505.55	1.372 times
16 Tue Apr 2024	501.40	465.25	508.80	463.00	1.584 times
15 Mon Apr 2024	463.40	432.00	473.20	432.00	0.749 times
12 Fri Apr 2024	466.60	460.00	484.70	453.00	1.629 times
10 Wed Apr 2024	449.85	450.30	456.90	441.00	0.359 times
09 Tue Apr 2024	449.05	443.45	459.95	443.15	0.249 times
08 Mon Apr 2024	442.30	447.50	465.15	431.55	0.688 times
05 Fri Apr 2024	445.20	449.10	451.00	434.45	0.335 times
04 Thu Apr 2024	450.20	454.85	473.90	445.10	1.074 times
03 Wed Apr 2024	450.30	422.00	486.20	422.00	2.219 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 546.9, for a target of 473.5 or 412.36

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
Downside Target	484.70
Upside Target	535.05
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	462.08
Downside Intraday Target	395.52
Upside Intraday Target	565.13
Upside Intraday Target	601.62
Downside Intraday Target	498.57

Weekly technical analysis of Manorama Industries (MANORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	528.65	432.00	535.05	432.00	1.267 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 up 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
18 Thu Apr 2024	528.65	415.00	535.05	405.60	1.196 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 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 Weak and stock is losing 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 stronger in this stock.

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

CCI has generated a buy signal for Manorama Industries in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Manorama Industries is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 471.45 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.