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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 2024-02-27 View latest technical analysis

10 day averaged volume of Manak Aluminium is 63228

Date	Daily Closing Price	Open	High	Low	Volume
27 Tue Feb 2024	31.70	32.00	32.00	30.60	1.461 times
26 Mon Feb 2024	32.10	33.75	33.75	32.00	0.884 times
23 Fri Feb 2024	33.00	33.75	34.70	32.70	0.964 times
22 Thu Feb 2024	33.75	34.85	34.85	32.50	0.873 times
21 Wed Feb 2024	33.95	34.75	35.90	33.90	0.738 times
20 Tue Feb 2024	34.75	34.40	35.90	33.40	1.376 times
19 Mon Feb 2024	34.40	35.10	35.10	33.50	1.305 times
16 Fri Feb 2024	35.05	35.30	35.90	33.65	0.978 times
15 Thu Feb 2024	35.30	35.80	35.95	34.15	0.822 times
14 Wed Feb 2024	34.30	31.15	34.35	31.15	1.535 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 33.1, but if it comes above 33.1, then a intra day buy could be more profitable.
If you take a sell trade below 33.1, then use 33.1 as stoploss and 30.1 as target. However if you take a buy trade in stock , then use 33.1 as stoploss and 35.55 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	26.95
Downside Target	28.35
Downside Target	30.60
Upside Target	32.50
Upside Target	33.75
Upside Target	35.90
Upside Target	37.65
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	30.28
Downside Intraday Target	28.87
Upside Intraday Target	33.43
Upside Intraday Target	35.17
Upside Intraday Target	32.02

Weekly technical analysis of Manak Aluminium (MANAKALUCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Tue Feb 2024	31.70	33.75	33.75	30.60	0.446 times
23 Fri Feb 2024	33.00	35.10	35.90	32.50	1.056 times
16 Fri Feb 2024	35.05	36.00	37.65	31.15	0.43 times
09 Fri Feb 2024	36.25	39.95	41.40	35.95	1.782 times
02 Fri Feb 2024	38.40	24.95	40.35	24.15	2.183 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
27 Tue Feb 2024	31.70	38.40	41.40	30.60	13.787 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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

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 SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Manak Aluminium in short term but the sell signal is initial and weak.

Manak Aluminium Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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

CCI has generated a SELL signal for Manak Aluminium in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining 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 33.8 and Manak Aluminium (MANAKALUCO_BE) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.