Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-02-06 View latest technical analysis

10 day averaged volume of Manak Aluminium is 78089

Date	Daily Closing Price	Open	High	Low	Volume
06 Tue Feb 2024	38.20	40.35	41.40	38.20	2.403 times
05 Mon Feb 2024	40.20	39.95	40.30	38.50	2.333 times
02 Fri Feb 2024	38.40	36.95	38.40	36.10	1.244 times
01 Thu Feb 2024	36.60	38.40	38.50	36.45	1.99 times
31 Wed Jan 2024	38.35	40.35	40.35	38.25	1.653 times
28 Mon Mar 2022	24.30	24.95	25.70	24.15	0.373 times
25 Fri Mar 2022	24.95	26.00	26.00	24.65	0.286 times
24 Thu Mar 2022	25.55	25.20	26.00	24.70	0.459 times
23 Wed Mar 2022	25.20	26.00	26.40	24.60	0.258 times
22 Tue Mar 2022	25.65	26.70	26.95	25.10	0.35 times

Stock of Manak Aluminium (MANAKALUCO_BE) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 34.2, but if it comes below 34.2, then a intra day sell could be more profitable.
If you take a sell trade below 34.2, then use 34.2 as stoploss and 28.28 as target. However if you take a buy trade in stock , then use 34.2 as stoploss and 41.2 as target.

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	38.20
Upside Target	38.25
Upside Target	40.35
Upside Target	41.40

Intraday share price targets for Manak Aluminium (MANAKALUCO_BE)

Target Type	Value
Downside Intraday Target	37.13
Downside Intraday Target	36.07
Upside Intraday Target	40.33
Upside Intraday Target	42.47
Upside Intraday Target	39.27

Weekly technical analysis of Manak Aluminium (MANAKALUCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Tue Feb 2024	38.20	39.95	41.40	38.20	0.9 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 down 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
06 Tue Feb 2024	38.20	38.40	41.40	36.10	4.822 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 down 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 neutral. A longer time frame might give a better analysis.

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 coming down

CCI has generated a SELL signal for Manak Aluminium in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Manak Aluminium is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 36.39 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.