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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 2024-05-24 View latest technical analysis

10 day averaged volume of Manak Aluminium is 61381

Date	Daily Closing Price	Open	High	Low	Volume
24 Fri May 2024	25.80	26.85	26.85	25.70	0.833 times
23 Thu May 2024	26.50	26.95	26.95	25.70	1.65 times
22 Wed May 2024	25.70	24.50	25.70	24.40	0.858 times
21 Tue May 2024	24.50	25.35	25.35	24.05	0.846 times
18 Sat May 2024	24.95	24.90	25.50	24.30	0.215 times
17 Fri May 2024	24.90	25.40	25.65	23.90	2.507 times
16 Thu May 2024	25.15	26.05	26.05	25.00	1.169 times
15 Wed May 2024	25.65	26.50	26.60	25.00	1.167 times
14 Tue May 2024	25.65	24.45	25.65	24.35	0.459 times
13 Mon May 2024	24.45	23.50	24.70	22.65	0.982 times

My analysis of stock is bullish for shortterm, and stock might move up till 26.4 or till 27.5. Use a stoploss of 25.37 and if this stock hits its stoploss, then it can fall down till 24.39

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	24.25
Downside Intraday Target	22.7
Upside Intraday Target	27.15
Upside Intraday Target	28.5
Downside Intraday Target	25.6

Weekly technical analysis of Manak Aluminium (MANAKALUCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Fri May 2024	25.80	25.35	26.95	24.05	0.644 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
24 Fri May 2024	25.80	26.10	26.95	22.65	1.667 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, 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 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 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 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 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 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 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 25.35 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.