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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)

10 day averaged volume of Omfurn India is 39360

Date Daily Closing Price Open High Low Volume
21 Thu Nov 2024 78.40 77.00 79.70 76.70 0.549 times
19 Tue Nov 2024 79.30 79.80 80.85 78.10 1.829 times
18 Mon Nov 2024 77.45 77.90 78.95 73.00 2.378 times
14 Thu Nov 2024 75.30 70.00 75.60 70.00 1.28 times
13 Wed Nov 2024 72.00 72.00 73.10 67.55 2.378 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 74.6, but if it comes below 74.6, then a intra day sell could be more profitable.
If you take a sell trade below 74.6, then use 74.6 as stoploss and 68.94 as target. However if you take a buy trade in stock , then use 74.6 as stoploss and 81.3 as target.

Share price targets for Omfurn India (OMFURN_SM)

Target Type Value
Downside Target 54.25
Downside Target 56.60
Downside Target 58.05
Downside Target 60.15
Downside Target 62.00
Downside Target 63.45
Downside Target 66.50
Downside Target 69.80
Downside Target 73.00
Downside Target 74.80
Downside Target 76.65
Upside Target 80.85

Intraday share price targets for Omfurn India (OMFURN_SM)

Target Type Value
Downside Intraday Target 73.98
Downside Intraday Target 69.57
Upside Intraday Target 81.83
Upside Intraday Target 85.27
Downside Intraday Target 77.42

Weekly technical analysis of Omfurn India (OMFURN_SM)

Date Weekly Closing Price Open High Low Volume
21 Thu Nov 2024 78.40 77.90 80.85 73.00 1.068 times
14 Thu Nov 2024 75.30 76.65 76.65 67.55 3.65 times
08 Fri Nov 2024 73.00 70.00 73.00 63.45 1.333 times
31 Thu Oct 2024 69.80 66.50 69.80 66.50 3.75 times
30 Wed Oct 2024 66.50 62.10 66.50 62.00 0.211 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 Omfurn India (OMFURN_SM)

Date Monthly Closing Price Open High Low Volume
21 Thu Nov 2024 78.40 70.00 80.85 63.45 2.111 times
31 Thu Oct 2024 69.80 70.00 71.00 58.05 0.6 times
30 Mon Sep 2024 67.50 58.00 71.30 56.60 0.668 times
30 Fri Aug 2024 59.50 65.00 74.80 54.25 1.443 times

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Omfurn India (OMFURN_SM)

Indicator Name Indicator Value Indicator Signal
ADX 37, 17, 37 Buy
MACD 5, 4Buy
Stochastics 88Buy
CCI 111Sell
RSI 54Buy
OBV 326400Sell
VWAP 75Buy
ADL 0Sell
ROC 16Buy
Force Index 0Sell

Price action analysis of Omfurn India ( (OMFURN_SM) ) based on a short 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.

Price action analysis of Omfurn India ( (OMFURN_SM) ) based on a short 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.

Price action analysis of Omfurn India ( (OMFURN_SM) ) based on a short to mid 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.

Price action analysis of Omfurn India ( (OMFURN_SM) ) 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 Omfurn India stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Omfurn India in short term and the buy signal is strong.

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

Omfurn India Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Omfurn India in short term but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 75.28 and Omfurn India (OMFURN_SM) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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