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

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

Showing technical analysis as on 2024-04-24 View latest technical analysis

10 day averaged volume of Manorama Industries is 29146

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	593.55	625.00	625.00	580.50	3.031 times
23 Tue Apr 2024	602.55	640.10	658.00	595.40	7.048 times
14 Mon Aug 2023	1742.00	1789.00	1789.00	1700.00	0.124 times
11 Fri Aug 2023	1764.80	1749.00	1779.00	1721.10	0.149 times
10 Thu Aug 2023	1738.20	1780.00	1810.00	1710.00	0.204 times
09 Wed Aug 2023	1779.60	1738.95	1785.00	1685.00	0.267 times
08 Tue Aug 2023	1712.65	1779.00	1785.00	1699.00	0.177 times
07 Mon Aug 2023	1774.40	1754.00	1788.30	1725.00	0.849 times
04 Fri Aug 2023	1703.15	1688.00	1726.40	1685.00	0.618 times
03 Thu Aug 2023	1648.50	1650.00	1687.90	1630.00	0.152 times

Stock of Manorama Industries (MANORAMA_BE) 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 858.3, for a target of 1259 or 1592.87

Share price targets for Manorama Industries (MANORAMA_BE)

Target Type	Value
Downside Target	580.50
Upside Target	658.00
Upside Target	1300.00
Upside Target	1397.00
Upside Target	1510.00
Upside Target	1563.95
Upside Target	1599.00
Upside Target	1685.00
Upside Target	1740.00
Upside Target	1789.00
Upside Target	1810.00
Upside Target	1813.90

Intraday share price targets for Manorama Industries (MANORAMA_BE)

Target Type	Value
Downside Intraday Target	186.37
Downside Intraday Target	-220.82
Upside Intraday Target	1394.87
Upside Intraday Target	2196.18
Upside Intraday Target	987.68

Weekly technical analysis of Manorama Industries (MANORAMA_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	593.55	1789.00	1789.00	580.50	6.197 times
11 Fri Aug 2023	1764.80	1754.00	1810.00	1685.00	1.104 times
04 Fri Aug 2023	1703.15	1655.60	1740.00	1600.00	3.664 times
28 Fri Jul 2023	1655.60	1704.95	1704.95	1599.00	0.521 times
21 Fri Jul 2023	1689.75	1767.00	1813.90	1626.00	0.564 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Manorama Industries (MANORAMA_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	593.55	640.10	658.00	580.50	3.203 times
14 Mon Aug 2023	1742.00	1655.00	1810.00	1630.00	0.758 times
31 Mon Jul 2023	1675.50	1510.00	1813.90	1510.00	0.827 times
30 Fri Jun 2023	1533.65	1489.80	1563.95	1397.00	3.182 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Manorama Industries (MANORAMA_BE)

Price action analysis of Manorama Industries ( (MANORAMA_BE) ) 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 Manorama Industries ( (MANORAMA_BE) ) 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 Manorama Industries ( (MANORAMA_BE) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Manorama Industries ( (MANORAMA_BE) ) 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 SELL signal for Manorama Industries in short term and the sell signal is strong.

Manorama Industries 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 Manorama Industries in short term and SELL 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

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 829.5 and Manorama Industries (MANORAMA_BE) 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 Manorama Industries (MANORAMA_BE) stock. Volume based technical analysis of Manorama Industries (MANORAMA_BE) stock is negative.

Manorama Industries 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.