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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 2024-04-16 View latest technical analysis

10 day averaged volume of Omfurn India is 217440

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	72.90	73.00	73.00	71.40	0.132 times
15 Mon Apr 2024	74.50	72.45	75.50	71.00	0.132 times
12 Fri Apr 2024	76.90	76.45	77.05	75.35	0.408 times
10 Wed Apr 2024	76.45	79.70	79.70	75.50	0.43 times
09 Tue Apr 2024	79.80	77.80	81.00	77.00	0.298 times
08 Mon Apr 2024	77.30	80.35	83.85	77.15	0.475 times
05 Fri Apr 2024	80.35	76.80	81.00	75.50	2.075 times
04 Thu Apr 2024	76.60	76.65	79.00	73.60	2.583 times
03 Wed Apr 2024	75.25	74.40	76.30	74.00	0.762 times
02 Tue Apr 2024	74.40	70.00	76.00	69.20	2.13 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 74.9, but if it comes above 74.9, then a intra day buy could be more profitable.
If you take a sell trade below 74.9, then use 74.9 as stoploss and 70.1 as target. However if you take a buy trade in stock , then use 74.9 as stoploss and 78.86 as target.

Share price targets for Omfurn India (OMFURN_SM)

Target Type	Value
Downside Target	63.70
Downside Target	66.85
Downside Target	69.20
Downside Target	71.00
Upside Target	73.00
Upside Target	75.35
Upside Target	81.00
Upside Target	83.15
Upside Target	83.85
Upside Target	87.95
Upside Target	92.60
Upside Target	98.70

Intraday share price targets for Omfurn India (OMFURN_SM)

Target Type	Value
Downside Intraday Target	70.77
Downside Intraday Target	68.63
Upside Intraday Target	75.27
Upside Intraday Target	77.63
Upside Intraday Target	73.13

Weekly technical analysis of Omfurn India (OMFURN_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	72.90	72.45	75.50	71.00	0.164 times
12 Fri Apr 2024	76.90	80.35	83.85	75.35	0.195 times
05 Fri Apr 2024	80.35	72.80	81.00	69.20	1.487 times
28 Thu Mar 2024	76.60	83.15	83.15	76.60	8.525 times
22 Fri Mar 2024	80.55	87.50	87.95	78.60	1.283 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
16 Tue Apr 2024	72.90	72.80	83.85	69.20	1.441 times
28 Thu Mar 2024	76.60	83.30	87.95	73.00	6.067 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

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 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 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 Strong and stock is gaining momentum.

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

Omfurn India Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 Omfurn India 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

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 76.88 and Omfurn India (OMFURN_SM) 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 Omfurn India (OMFURN_SM) stock. Volume based technical analysis of Omfurn India (OMFURN_SM) stock is negative.

Omfurn India 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.