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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 2024-03-28 View latest technical analysis

10 day averaged volume of Manak Aluminium is 75529

Date	Daily Closing Price	Open	High	Low	Volume
28 Thu Mar 2024	26.30	26.20	27.50	25.75	1.315 times
27 Wed Mar 2024	26.20	25.90	26.65	25.50	1.19 times
26 Tue Mar 2024	25.40	26.50	26.75	25.25	0.773 times
22 Fri Mar 2024	26.35	27.90	27.90	25.95	2.248 times
21 Thu Mar 2024	27.30	28.60	28.65	27.25	1.645 times
20 Wed Mar 2024	28.65	29.20	31.15	28.65	0.841 times
19 Tue Mar 2024	30.15	30.20	30.25	28.00	1.121 times
18 Mon Mar 2024	28.85	28.90	29.00	27.65	1.061 times
15 Fri Mar 2024	27.65	27.00	27.65	26.80	0.17 times
14 Thu Mar 2024	26.35	24.30	26.35	24.30	0.533 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 26.1 as stoploss in an intra day buy trade for a target of 28.42. However, stock will show a bearish move below 26.1.

Share price targets for Manak Aluminium (MANAKALUCO_BE)

Target Type	Value
Downside Target	21.10
Downside Target	22.60
Downside Target	24.30
Downside Target	25.25
Downside Target	25.95
Upside Target	26.95
Upside Target	27.50
Upside Target	29.25
Upside Target	31.15
Upside Target	32.75
Upside Target	33.30
Upside Target	33.75
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	25.2
Downside Intraday Target	24.1
Upside Intraday Target	27.45
Upside Intraday Target	28.6
Upside Intraday Target	26.35

Weekly technical analysis of Manak Aluminium (MANAKALUCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Thu Mar 2024	26.30	26.50	27.50	25.25	0.474 times
22 Fri Mar 2024	26.35	28.90	31.15	25.95	2.747 times
15 Fri Mar 2024	27.65	28.50	29.70	24.30	0.964 times
07 Thu Mar 2024	28.80	32.70	32.75	28.00	0.631 times
02 Sat Mar 2024	32.85	33.75	33.75	29.25	0.941 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
28 Thu Mar 2024	26.30	32.40	33.30	24.30	0.642 times
29 Thu Feb 2024	31.75	38.40	41.40	29.25	14.63 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

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not 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 Weak and stock is losing momentum.

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

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 red color and prices are below the red cloud Prices appear to be moving up

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

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

MRSI is in negative zone. This is the SELL 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 27.24 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 is giving positive returns over a short term period. Returns for a longer term period have been negative.

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