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Stock analysis Manorama Industries Ltd MANORAMA

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Moving Averages for Manorama Industries Ltd

  • 5Day Average: 1016.26
  • 12Day Average: 1020.25
  • 20Day Average: 992.56
  • 50Day Average: 904.13
  • 100Day Average: 809.03
  • 150Day Average: 992.08
  • 200Day Average: 1247.31

MANORAMA Indicators & signals

Indicator MACD (12,26,9)

1011.1, 975.9, 38.98
Indicator MACD is in positive zone

Indicator ADX (14)

40.55, 25.88, 10.95
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 51
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MANORAMA Manorama Industries Ltd are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
19 Tue Nov 2024 1032.25 1015.05 to 1065.00 2.89% 0.43 times
18 Mon Nov 2024 1003.30 997.00 to 1078.00 -2.14% 0.37 times
14 Thu Nov 2024 1025.20 989.05 to 1048.70 3.79% 0.49 times
13 Wed Nov 2024 987.80 976.00 to 1032.95 -4.35% 0.59 times
12 Tue Nov 2024 1032.75 1020.00 to 1059.95 -0.02% 0.48 times
11 Mon Nov 2024 1033.00 1016.10 to 1058.75 -0.85% 0.47 times
08 Fri Nov 2024 1041.85 1010.00 to 1117.95 -5.83% 1.51 times
07 Thu Nov 2024 1106.40 1027.55 to 1133.00 8.34% 3.49 times
06 Wed Nov 2024 1021.20 990.00 to 1024.90 2.54% 1.21 times
05 Tue Nov 2024 995.95 976.95 to 1010.00 1.4% 0.94 times
04 Mon Nov 2024 982.20 958.20 to 999.90 0.11% 0.46 times
01 Fri Nov 2024 981.15 975.10 to 995.00 -0.32% 0.38 times

Technical analysis forecast of Manorama Industries Ltd Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Manorama Industries Ltd MANORAMA at this time. Stock is rising and might rise more.

It appears as if Manorama Industries Ltd MANORAMA gave a large move recently.

Stock of Manorama Industries Ltd (MANORAMA) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Manorama Industries Ltd is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 1038.4 as stoploss in an intra day sell trade for a target of 991.11. However, stock will show a bullish move above 1038.4.

More indepth analysis on MunafaSutra.com