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(MANAKALUCO_BE) Manak Aluminium complete technical analysis [charts+indicators] | Buy/Sell Manak Aluminium | (MANAKALUCO_BE) share price targets

Complete technical analysis of Manak Aluminium (MANAKALUCO_BE) by charts plus indicators, forecast predictions and share price targets for Manak Aluminium (MANAKALUCO_BE)

Showing technical analysis as on 2024-02-05 View latest technical analysis

10 day averaged volume of Manak Aluminium is 63123

Date	Daily Closing Price	Open	High	Low	Volume
05 Mon Feb 2024	40.20	39.95	40.30	38.50	2.886 times
02 Fri Feb 2024	38.40	36.95	38.40	36.10	1.539 times
01 Thu Feb 2024	36.60	38.40	38.50	36.45	2.461 times
31 Wed Jan 2024	38.35	40.35	40.35	38.25	2.045 times
28 Mon Mar 2022	24.30	24.95	25.70	24.15	0.461 times
25 Fri Mar 2022	24.95	26.00	26.00	24.65	0.354 times
24 Thu Mar 2022	25.55	25.20	26.00	24.70	0.568 times
23 Wed Mar 2022	25.20	26.00	26.40	24.60	0.319 times
22 Tue Mar 2022	25.65	26.70	26.95	25.10	0.433 times
21 Mon Mar 2022	25.90	26.80	26.85	25.70	1.306 times

Stock of Manak Aluminium (MANAKALUCO_BE) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 39.6, for a target of 33.1 or 27.58

Share price targets for Manak Aluminium (MANAKALUCO_BE)

Target Type	Value
Downside Target	21.10
Downside Target	22.60
Downside Target	24.00
Downside Target	25.35
Downside Target	26.50
Downside Target	28.35
Downside Target	31.00
Downside Target	36.10
Downside Target	38.25
Downside Target	38.50
Upside Target	40.30
Upside Target	40.35

Intraday share price targets for Manak Aluminium (MANAKALUCO_BE)

Target Type	Value
Downside Intraday Target	39.03
Downside Intraday Target	37.87
Upside Intraday Target	40.83
Upside Intraday Target	41.47
Downside Intraday Target	39.67

Weekly technical analysis of Manak Aluminium (MANAKALUCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Mon Feb 2024	40.20	39.95	40.30	38.50	0.444 times
02 Fri Feb 2024	38.40	24.95	40.35	24.15	2.183 times
25 Fri Mar 2022	24.95	26.80	26.95	24.60	0.835 times
17 Thu Mar 2022	25.60	24.95	26.50	24.05	0.47 times
11 Fri Mar 2022	24.70	23.60	25.35	22.70	0.795 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 Manak Aluminium (MANAKALUCO_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
05 Mon Feb 2024	40.20	38.40	40.30	36.10	3.368 times
31 Wed Jan 2024	38.35	40.35	40.35	38.25	0.088 times
28 Mon Mar 2022	24.30	23.55	26.95	22.60	1.057 times
28 Mon Feb 2022	23.55	24.30	28.35	21.10	0.599 times

Scroll below to view daily charts

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

Indicators analysis of Manak Aluminium (MANAKALUCO_BE)

Price action analysis of Manak Aluminium ( (MANAKALUCO_BE) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Manak Aluminium ( (MANAKALUCO_BE) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Manak Aluminium ( (MANAKALUCO_BE) ) 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 Manak Aluminium ( (MANAKALUCO_BE) ) based on a mid to longer 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.

ADX buy sell signal for Manak Aluminium stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Manak Aluminium 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.

Manak Aluminium Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Manak Aluminium in short term and BUY signal is strong.

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 Manak Aluminium is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 34.85 and Manak Aluminium (MANAKALUCO_BE) 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 Manak Aluminium (MANAKALUCO_BE) stock. Volume based technical analysis of Manak Aluminium (MANAKALUCO_BE) stock is negative.

Manak Aluminium 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.