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Stock analysis Manorama Industries Ltd MANORAMA

More indepth analysis on MunafaSutra.com

Moving Averages for Manorama Industries Ltd

  • 5Day Average: 356.91
  • 12Day Average: 338.97
  • 20Day Average: 857.3
  • 50Day Average: 1510.92
  • 100Day Average: 1771.06
  • 150Day Average: 1859.77
  • 200Day Average: 1693.91

MANORAMA Indicators & signals

Indicator MACD (12,26,9)

513.1, 910.66, -398.04
Indicator MACD is in negative zone

Indicator ADX (14)

66.5, 11.86, 58.95
Indicator ADX is indicating that momentum is still strong.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 19
Indicator RSI is indicating selling pressure and stock might fall.

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

Date Close Range Change % Volume
28 Thu Mar 2024 398.35 365.90 to 424.00 10.98% 3.92 times
27 Wed Mar 2024 358.95 343.00 to 366.00 4.68% 1.14 times
26 Tue Mar 2024 342.90 340.00 to 361.85 -1.34% 1.2 times
22 Fri Mar 2024 347.55 339.65 to 354.10 3.19% 0.66 times
21 Thu Mar 2024 336.80 325.00 to 339.90 3.17% 0.36 times
20 Wed Mar 2024 326.45 322.30 to 336.95 0.82% 0.67 times
19 Tue Mar 2024 323.80 321.35 to 335.05 -1.33% 0.4 times
18 Mon Mar 2024 328.15 323.05 to 340.20 0.38% 0.87 times
15 Fri Mar 2024 326.90 315.00 to 339.00 0.49% 1.36 times
14 Thu Mar 2024 325.30 309.15 to 334.00 5.29% 1.66 times
13 Wed Mar 2024 308.95 301.55 to 353.45 -10.06% 1.68 times
12 Tue Mar 2024 343.50 340.15 to 378.90 -8.58% 3.46 times

Technical analysis forecast for Manorama Industries Ltd Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Manorama Industries Ltd MANORAMA at this time. Stock is falling and might fall more.

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

Stock of Manorama Industries Ltd (MANORAMA) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Manorama Industries Ltd is bearish for shortterm, and stock might move down till -24 or till -962.4. Use a stoploss of 757.97 and if the stock hits stoploss, then it can shoot up till 1539.94

More indepth analysis on MunafaSutra.com