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(MANORAMA) Manorama Industries complete technical analysis [charts+indicators] | Buy/Sell Manorama Industries | (MANORAMA) share price targets

Complete technical analysis of Manorama Industries (MANORAMA) by charts plus indicators, forecast predictions and share price targets for Manorama Industries (MANORAMA)

Showing technical analysis as on 2024-12-24 View latest technical analysis

10 day averaged volume of Manorama Industries is 30524

Date	Daily Closing Price	Open	High	Low	Volume
24 Tue Dec 2024	1090.60	1122.05	1219.90	1052.05	10.277 times
23 Mon Dec 2024	1119.10	1139.15	1145.00	1077.05	1.648 times
20 Fri Dec 2024	1139.15	1156.10	1200.00	1124.00	1.24 times
19 Thu Dec 2024	1169.45	1151.00	1187.90	1142.05	0.484 times
18 Wed Dec 2024	1169.65	1178.80	1178.80	1130.00	0.891 times
17 Tue Dec 2024	1156.00	1139.00	1174.00	1121.05	0.771 times
16 Mon Dec 2024	1126.30	1178.90	1178.90	1118.00	0.959 times
13 Fri Dec 2024	1135.35	1160.00	1179.20	1110.00	1.139 times
12 Thu Dec 2024	1160.65	1190.00	1190.00	1135.05	0.957 times
11 Wed Dec 2024	1191.35	1209.00	1213.40	1182.10	0.641 times

Stock of Manorama Industries (MANORAMA) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 1098.4, for a target of 1136.3 or 1167.85

Share price targets for Manorama Industries (MANORAMA)

Target Type	Value
Downside Target	669.65
Downside Target	751.55
Downside Target	780.00
Downside Target	873.00
Downside Target	910.75
Downside Target	958.20
Downside Target	1022.80
Downside Target	1052.05
Upside Target	1110.00
Upside Target	1169.00
Upside Target	1200.00
Upside Target	1250.00
Upside Target	1256.00

Intraday share price targets for Manorama Industries (MANORAMA)

Target Type	Value
Downside Intraday Target	1021.8
Downside Intraday Target	953
Upside Intraday Target	1189.65
Upside Intraday Target	1288.7
Upside Intraday Target	1120.85

Weekly technical analysis of Manorama Industries (MANORAMA)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Tue Dec 2024	1090.60	1139.15	1219.90	1052.05	2.744 times
20 Fri Dec 2024	1139.15	1178.90	1200.00	1118.00	0.766 times
13 Fri Dec 2024	1135.35	1200.00	1256.00	1110.00	1.618 times
06 Fri Dec 2024	1183.40	1193.75	1216.00	1169.00	0.268 times
29 Fri Nov 2024	1177.45	1150.00	1250.00	1120.00	2.708 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 Manorama Industries (MANORAMA)

Date	Monthly Closing Price	Open	High	Low	Volume
24 Tue Dec 2024	1090.60	1193.75	1256.00	1052.05	0.613 times
29 Fri Nov 2024	1177.45	995.00	1250.00	958.20	0.544 times
31 Thu Oct 2024	984.30	831.00	1022.80	780.00	2.154 times
30 Mon Sep 2024	830.15	830.00	873.00	751.55	0.695 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)

Price action analysis of Manorama Industries ( (MANORAMA) ) 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 Manorama Industries ( (MANORAMA) ) 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) ) 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 BUY. Signal strength is Weak and stock is losing momentum.

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

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

CCI has generated a buy signal for Manorama Industries in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying 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 Manorama Industries is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1116.02 and Manorama Industries (MANORAMA) 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 Manorama Industries (MANORAMA) stock. Volume based technical analysis of Manorama Industries (MANORAMA) stock is negative.

Manorama Industries 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.