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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 2024-03-20 View latest technical analysis

10 day averaged volume of Omfurn India is 24480

Date	Daily Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	80.70	81.00	84.85	80.70	0.784 times
19 Tue Mar 2024	84.95	85.10	86.50	82.65	0.588 times
18 Mon Mar 2024	86.95	87.50	87.95	85.00	2.157 times
15 Fri Mar 2024	83.80	82.00	85.95	82.00	2.941 times
14 Thu Mar 2024	81.90	81.90	81.90	79.00	0.392 times
12 Tue Mar 2024	78.00	83.00	83.00	78.00	0.588 times
11 Mon Mar 2024	80.00	80.00	80.00	80.00	0.588 times
07 Thu Mar 2024	79.60	73.00	79.60	73.00	1.176 times
06 Wed Mar 2024	75.85	76.00	77.50	75.85	0.98 times
05 Tue Mar 2024	79.80	80.00	82.95	79.80	0.392 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 78.7 as stoploss in an intra day buy trade for a target of 83.73. However, stock will show a bearish move below 78.7.

Share price targets for Omfurn India (OMFURN_SM)

Target Type	Value
Downside Target	63.70
Downside Target	66.85
Downside Target	73.00
Downside Target	75.80
Downside Target	77.55
Downside Target	80.70
Upside Target	84.00
Upside Target	85.70
Upside Target	86.40
Upside Target	87.95
Upside Target	92.60
Upside Target	97.00
Upside Target	98.70

Intraday share price targets for Omfurn India (OMFURN_SM)

Target Type	Value
Downside Intraday Target	78.28
Downside Intraday Target	75.87
Upside Intraday Target	85.53
Upside Intraday Target	90.37
Upside Intraday Target	83.12

Weekly technical analysis of Omfurn India (OMFURN_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	80.70	87.50	87.95	80.70	0.783 times
15 Fri Mar 2024	83.80	80.00	85.95	78.00	1.643 times
07 Thu Mar 2024	79.60	83.00	84.00	73.00	0.528 times
01 Fri Mar 2024	83.30	85.70	86.40	77.55	2.304 times
23 Fri Feb 2024	85.70	93.00	97.00	85.70	23 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 Omfurn India (OMFURN_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	80.70	83.30	87.95	73.00	1.057 times
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

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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Omfurn India ( (OMFURN_SM) ) 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 Omfurn India ( (OMFURN_SM) ) 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 Omfurn India ( (OMFURN_SM) ) 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 Omfurn India stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

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

Omfurn India 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 below the red cloud Prices appear to be coming down

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

RSI is generating a SELL signal in short term and selling is picking up 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 82.32 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 negative.

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