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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 2024-05-22 View latest technical analysis

10 day averaged volume of Manak Aluminium is 49737

Date	Daily Closing Price	Open	High	Low	Volume
22 Wed May 2024	25.70	24.50	25.70	24.40	1.058 times
21 Tue May 2024	24.50	25.35	25.35	24.05	1.045 times
18 Sat May 2024	24.95	24.90	25.50	24.30	0.265 times
17 Fri May 2024	24.90	25.40	25.65	23.90	3.094 times
16 Thu May 2024	25.15	26.05	26.05	25.00	1.443 times
15 Wed May 2024	25.65	26.50	26.60	25.00	1.44 times
14 Tue May 2024	25.65	24.45	25.65	24.35	0.566 times
13 Mon May 2024	24.45	23.50	24.70	22.65	1.212 times
10 Fri May 2024	23.55	23.45	23.55	23.45	0.181 times
09 Thu May 2024	23.90	24.25	24.25	23.90	0.176 times

My analysis of stock is bullish for shortterm, and stock might move up till 26.5 or till 27.8. Use a stoploss of 25.45 and if this stock hits its stoploss, then it can fall down till 24.38

Share price targets for Manak Aluminium (MANAKALUCO_BE)

Target Type	Value
Downside Target	22.65
Downside Target	23.45
Downside Target	24.05
Downside Target	25.10
Upside Target	27.25
Upside Target	27.65
Upside Target	29.25
Upside Target	30.60
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	24.6
Downside Intraday Target	23.5
Upside Intraday Target	26.25
Upside Intraday Target	26.8
Downside Intraday Target	25.15

Weekly technical analysis of Manak Aluminium (MANAKALUCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Wed May 2024	25.70	25.35	25.70	24.05	0.262 times
18 Sat May 2024	24.95	23.50	26.60	22.65	6.432 times
10 Fri May 2024	23.55	25.10	25.10	23.45	0.834 times
03 Fri May 2024	25.60	27.25	27.25	25.60	1.16 times
26 Fri Apr 2024	27.25	26.70	27.65	26.10	1.302 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
22 Wed May 2024	25.70	26.10	26.60	22.65	1.336 times
30 Tue Apr 2024	26.60	27.40	30.60	26.10	0.38 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

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 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 term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 25.03 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 negative.

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