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Price and trend forecast of MANORG for Tomorrow, Weekly, Monthly

Mangalam Organics Limited

Symbol: NSE:MANORG

ISIN: INE370D01013

545.40

As on 2024-11-11

270.00 (52W Low) 720.00 (52W High)

MANORG's Today's Performance

Mangalam Organics Limited started the day by opening at 574.10 today 2024-11-11. Its shares reached a high of 575.00 and dipped to a low of 545.40 in intraday. When the markets closed, MANORG’s stock price settled at ₹545.40 per share. Also check out its key support and resistance levels.

MANORG Buy/Sell Targets

Tomorrow, sell MANORG when its price reaches ₹ 545.40 with a stop-loss order at ₹ 560.43. You can set the target price as ₹ 530.37 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of MANORG for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for MANORG

Downside Targets Value in ₹
Tomorrow Down Target 1 565
Tomorrow Down Target 2 585
Tomorrow Down Target 3 595

Important Levels for MANORG

Holding Levels Value in ₹
Tomorrow Up Target 1 536
Tomorrow Up Target 2 526
Tomorrow Up Target 3 506
Based on where the stock opens tomorrow, if MANORG opens on a positive note, our first target will be ₹565. If Target 1 is achieved, we will aim for Target 2 which is ₹585.

But if MANORG falls below the average value of ₹555.27, you can enter a sell side position with target number 1 - ₹536 and second target - ₹526 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of MANORG

Looking at MANORG, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, MANORG has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for MANORG is strong bullish.

Tomorrow's Volume based share price Forecast for MANORG

MANORG's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a strong bullish trend. Volume trend strength over the last month compared to the last week is 50%.

Reversal detection for MANORG

Predicted trend chart of MANORG tomorrow for price forecast
MANORG may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹575 in morning tomorrow
Target 1 tomorrow567
Target 2 tomorrow574
Target 3 tomorrow585
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with MANORG's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if MANORG opens on a positive note, our first target will be ₹565.13. If Target 1 is achieved, we will aim for Target 2 which is ₹584.87.

But if MANORG falls below the average value of ₹555.27, you can enter a sell side position with target number 1 - ₹535.53 and second target - ₹525.67

MANORG's Weekly Targets
1st Up Target 565.13
2nd Up Target 584.87
1st Down Target 535.53
2nd Down Target 525.67

As the week for MANORG ended on bearish sentiments, we can expect further continuation of this sentiment. MANORG's initial target will be 565.13 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 535.53 in the upcoming week.

Weekly OHLC Values
Open 574.10
High 575.00
Low 545.40
Close 545.40

Week for MANORG started with an open price of 574.10, and the close was at 545.40. MANORG reached the highest of 575.00 and dipped lowest up to 545.40 last week. This indicates a bearish sentiment for the week.

MANORG full month swing targets
Monthly Up Target 1 594.73
Monthly Up Target 2 614.47
Monthly Down Target 1 505.93
Monthly Down Target 2 466.47

Targets of ₹594.73 can be expected to be reached in the coming month. Once MANORG achieved this target, we can aim for the next upside target of ₹614.47.

MANORG if fails to hold upside, down targets of ₹505.93 and ₹466.47 can be achieved by end of this month.

For complete three weeks if MANORG is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

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Summary

MANORG is expected to reach the target of 565.13 in tomorrow's trading session.

After achieving the initial target in MANORG, we will aim for higher targets of 584.87 tomorrow.

However, if MANORG starts to trade below ₹555.27, then we will shift our focus to the sell side and aim for down targets of 535.53 and 525.67.