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(OMFURN_SM) Omfurn India complete technical analysis [charts+indicators] | Buy/Sell Omfurn India | (OMFURN_SM) share price targets

Complete technical analysis of Omfurn India (OMFURN_SM) by charts plus indicators, forecast predictions and share price targets for Omfurn India (OMFURN_SM)

Showing technical analysis as on 2024-02-29 View latest technical analysis

10 day averaged volume of Omfurn India is 19440

Date	Daily Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	83.50	86.40	86.40	83.50	0.37 times
28 Wed Feb 2024	84.00	84.00	84.00	84.00	3.086 times
27 Tue Feb 2024	80.00	78.35	80.90	77.55	2.469 times
26 Mon Feb 2024	81.45	85.70	85.70	81.45	0.494 times
23 Fri Feb 2024	85.70	92.90	92.90	85.70	0.741 times
21 Wed Feb 2024	90.20	94.90	94.90	90.20	0.37 times
20 Tue Feb 2024	94.90	95.00	95.00	91.20	0.617 times
19 Mon Feb 2024	96.00	93.00	97.00	93.00	1.111 times
14 Wed Feb 2024	96.00	96.00	96.00	96.00	0.123 times
08 Thu Feb 2024	96.00	98.70	98.70	96.00	0.37 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 83.7, but if it comes above 83.7, then a intra day buy could be more profitable.
If you take a sell trade below 83.7, then use 83.7 as stoploss and 77 as target. However if you take a buy trade in stock , then use 83.7 as stoploss and 89.32 as target.

Share price targets for Omfurn India (OMFURN_SM)

Target Type	Value
Downside Target	63.70
Downside Target	65.60
Downside Target	75.80
Downside Target	77.55
Downside Target	80.00
Upside Target	85.60
Upside Target	92.60
Upside Target	93.00
Upside Target	96.00
Upside Target	97.00
Upside Target	98.70

Intraday share price targets for Omfurn India (OMFURN_SM)

Target Type	Value
Downside Intraday Target	78.57
Downside Intraday Target	73.63
Upside Intraday Target	87.42
Upside Intraday Target	91.33
Downside Intraday Target	82.48

Weekly technical analysis of Omfurn India (OMFURN_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	83.50	85.70	86.40	77.55	2.261 times
23 Fri Feb 2024	85.70	93.00	97.00	85.70	23 times
14 Wed Feb 2024	96.00	96.00	96.00	96.00	0.05 times
08 Thu Feb 2024	96.00	95.00	98.70	93.00	0.364 times
02 Fri Feb 2024	92.00	80.50	93.00	80.00	3.056 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 Omfurn India (OMFURN_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Thu Feb 2024	83.50	90.10	98.70	77.55	0.413 times
31 Wed Jan 2024	91.25	66.85	92.60	66.85	4.618 times
29 Fri Dec 2023	63.70	72.75	75.80	63.70	0.567 times
30 Thu Nov 2023	71.00	86.20	86.30	67.45	0.873 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 Omfurn India (OMFURN_SM)

Price action analysis of Omfurn India ( (OMFURN_SM) ) 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 Omfurn India ( (OMFURN_SM) ) 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 Omfurn India ( (OMFURN_SM) ) based on a mid to longer 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.

ADX buy sell signal for Omfurn India stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Omfurn India in short term but the sell signal is initial and weak.

Omfurn India 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 green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a buy signal for Omfurn India in short term but BUY signal is weak.

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

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Omfurn India is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 85.87 and Omfurn India (OMFURN_SM) 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 Omfurn India (OMFURN_SM) stock. Volume based technical analysis of Omfurn India (OMFURN_SM) stock is negative.

Omfurn India Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.