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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 2024-04-04 View latest technical analysis

10 day averaged volume of Manak Aluminium is 91252

Date	Daily Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	29.85	29.90	30.60	29.00	0.649 times
03 Wed Apr 2024	29.40	28.95	30.00	27.50	1.652 times
02 Tue Apr 2024	28.95	28.50	28.95	27.50	0.479 times
01 Mon Apr 2024	27.60	27.40	27.60	26.50	0.31 times
28 Thu Mar 2024	26.30	26.20	27.50	25.75	1.089 times
27 Wed Mar 2024	26.20	25.90	26.65	25.50	0.985 times
26 Tue Mar 2024	25.40	26.50	26.75	25.25	0.64 times
22 Fri Mar 2024	26.35	27.90	27.90	25.95	1.86 times
21 Thu Mar 2024	27.30	28.60	28.65	27.25	1.362 times
20 Wed Mar 2024	28.65	29.20	31.15	28.65	0.696 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 29.4, but if it comes below 29.4, then a intra day sell could be more profitable.
If you take a sell trade below 29.4, then use 29.4 as stoploss and 27.82 as target. However if you take a buy trade in stock , then use 29.4 as stoploss and 31.3 as target.

Share price targets for Manak Aluminium (MANAKALUCO_BE)

Target Type	Value
Downside Target	22.60
Downside Target	24.30
Downside Target	25.25
Downside Target	25.95
Downside Target	26.50
Downside Target	27.50
Downside Target	29.25
Upside Target	30.60
Upside Target	31.15
Upside Target	32.75
Upside Target	33.30
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	27.37
Downside Intraday Target	24.88
Upside Intraday Target	31.47
Upside Intraday Target	33.08
Downside Intraday Target	28.98

Weekly technical analysis of Manak Aluminium (MANAKALUCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Thu Apr 2024	29.85	27.40	30.60	26.50	1.139 times
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

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
04 Thu Apr 2024	29.85	27.40	30.60	26.50	0.232 times
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

Scroll below to view daily charts

Price has moved up 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 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 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 but the buy signal is initial and weak.

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 red color and prices are in or above the red 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 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 27.48 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 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 negative.

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