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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)

10 day averaged volume of Manorama Industries is 91629

Date	Daily Closing Price	Open	High	Low	Volume
08 Wed May 2024	572.45	592.30	595.00	569.00	0.483 times
07 Tue May 2024	592.30	618.00	630.00	586.95	0.822 times
06 Mon May 2024	617.85	635.10	649.50	603.10	0.418 times
03 Fri May 2024	634.00	665.00	665.00	625.00	0.428 times
02 Thu May 2024	646.70	639.70	655.00	619.00	0.628 times
30 Tue Apr 2024	634.90	661.00	665.00	633.65	0.971 times
29 Mon Apr 2024	667.00	655.00	670.35	648.00	2.028 times
26 Fri Apr 2024	638.45	622.00	638.45	608.25	0.697 times
25 Thu Apr 2024	608.05	600.00	620.00	580.00	0.802 times
24 Wed Apr 2024	593.55	625.00	625.00	580.50	0.964 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 565.2 as stoploss in an intra day buy trade for a target of 1117.95. However, stock will show a bearish move below 565.2.

Share price targets for Manorama Industries (MANORAMA_BE)

Target Type	Value
Downside Target	569.00
Upside Target	619.00
Upside Target	649.50
Upside Target	665.00
Upside Target	1397.00
Upside Target	1510.00
Upside Target	1563.95
Upside Target	1600.00
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	544.47
Downside Intraday Target	516.48
Upside Intraday Target	624.97
Upside Intraday Target	677.48
Upside Intraday Target	596.98

Weekly technical analysis of Manorama Industries (MANORAMA_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Wed May 2024	572.45	635.10	649.50	569.00	0.425 times
03 Fri May 2024	634.00	655.00	670.35	619.00	0.855 times
26 Fri Apr 2024	638.45	1789.00	1789.00	580.00	9.06 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

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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Wed May 2024	572.45	639.70	665.00	569.00	0.361 times
30 Tue Apr 2024	634.90	640.10	670.35	580.00	7.698 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

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 Manorama Industries (MANORAMA_BE)

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 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 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 negative zone. This is the SELL 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 627.73 and Manorama Industries (MANORAMA_BE) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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.