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(ORISSAMINE) Orissa Minerals complete technical analysis [charts+indicators] | Buy/Sell Orissa Minerals | (ORISSAMINE) share price targets

Complete technical analysis of Orissa Minerals (ORISSAMINE) by charts plus indicators, forecast predictions and share price targets for Orissa Minerals (ORISSAMINE)

Showing technical analysis as on 2024-03-21 View latest technical analysis

10 day averaged volume of Orissa Minerals is 11107

Date	Daily Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	5875.70	5850.00	5961.00	5824.00	1.558 times
20 Wed Mar 2024	5763.50	5794.95	5900.00	5700.00	0.543 times
19 Tue Mar 2024	5777.10	5958.10	6046.65	5750.00	0.938 times
18 Mon Mar 2024	5958.10	5881.15	6060.00	5832.05	1.018 times
15 Fri Mar 2024	5860.40	5949.90	6117.00	5697.10	1.357 times
14 Thu Mar 2024	5876.85	5690.00	5980.40	5655.00	1.32 times
13 Wed Mar 2024	5694.25	6170.55	6221.90	5564.40	1.638 times
12 Tue Mar 2024	6110.55	6400.00	6454.95	6077.00	1.366 times
11 Mon Mar 2024	6395.20	6540.00	6580.40	6320.00	0.523 times
07 Thu Mar 2024	6546.55	6576.00	6615.00	6526.00	0.502 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 5934.3, but if it comes above 5934.3, then a intra day buy could be more profitable.
If you take a sell trade below 5934.3, then use 5934.3 as stoploss and 5450.5 as target. However if you take a buy trade in stock , then use 5934.3 as stoploss and 6337.5 as target.

Share price targets for Orissa Minerals (ORISSAMINE)

Target Type	Value
Downside Target	5564.40
Downside Target	5700.00
Upside Target	6060.00
Upside Target	6400.00
Upside Target	6855.00
Upside Target	6919.90
Upside Target	6927.00
Upside Target	6950.00
Upside Target	7550.00
Upside Target	7599.00
Upside Target	7700.00
Upside Target	8344.00

Intraday share price targets for Orissa Minerals (ORISSAMINE)

Target Type	Value
Downside Intraday Target	5697.13
Downside Intraday Target	5518.57
Upside Intraday Target	6057.13
Upside Intraday Target	6238.57
Upside Intraday Target	5878.57

Weekly technical analysis of Orissa Minerals (ORISSAMINE)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	5875.70	5881.15	6060.00	5700.00	0.654 times
15 Fri Mar 2024	5860.40	6540.00	6580.40	5564.40	2.625 times
07 Thu Mar 2024	6546.55	6787.95	6855.00	6526.00	0.451 times
02 Sat Mar 2024	6744.10	6751.00	6927.00	6430.00	1.772 times
23 Fri Feb 2024	6735.00	6820.00	6919.90	6683.80	0.387 times

Price has moved up 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 Orissa Minerals (ORISSAMINE)

Date	Monthly Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	5875.70	6799.95	6882.00	5564.40	0.516 times
29 Thu Feb 2024	6785.50	7539.95	7550.00	6430.00	0.581 times
31 Wed Jan 2024	7426.40	7125.00	7599.00	6400.00	0.855 times
29 Fri Dec 2023	7093.95	7299.00	8344.00	6950.00	0.823 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 Orissa Minerals (ORISSAMINE)

Price action analysis of Orissa Minerals ( (ORISSAMINE) ) 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 Orissa Minerals ( (ORISSAMINE) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Orissa Minerals ( (ORISSAMINE) ) 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 Orissa Minerals ( (ORISSAMINE) ) 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 Orissa Minerals stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Orissa Minerals in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Orissa Minerals 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 moving up

CCI has generated a buy signal for Orissa Minerals in short term but BUY 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 Orissa Minerals is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 5926.19 and Orissa Minerals (ORISSAMINE) 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 Orissa Minerals (ORISSAMINE) stock. Volume based technical analysis of Orissa Minerals (ORISSAMINE) stock is negative.

Orissa Minerals 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.