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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 2024-09-13 View latest technical analysis

10 day averaged volume of Manak Aluminium is 23985

Date	Daily Closing Price	Open	High	Low	Volume
13 Fri Sep 2024	29.62	29.56	30.20	28.51	1.203 times
12 Thu Sep 2024	29.57	30.48	30.48	29.06	0.544 times
11 Wed Sep 2024	30.19	30.60	30.60	29.51	0.3 times
10 Tue Sep 2024	30.26	30.00	30.76	29.55	0.711 times
09 Mon Sep 2024	30.00	30.30	31.20	29.40	0.58 times
06 Fri Sep 2024	30.38	31.80	31.80	30.21	2.46 times
05 Thu Sep 2024	30.86	31.10	31.95	30.01	2.115 times
04 Wed Sep 2024	30.67	30.00	31.00	29.50	1.283 times
03 Tue Sep 2024	29.89	30.60	30.60	29.43	0.832 times
02 Mon Sep 2024	30.04	30.00	30.98	29.80	0.386 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 29.5 as stoploss in an intra day buy trade for a target of 30.27. However, stock will show a bearish move below 29.5.

Share price targets for Manak Aluminium (MANAKALUCO_BE)

Target Type	Value
Downside Target	22.65
Downside Target	26.10
Downside Target	26.95
Downside Target	28.51
Downside Target	29.43
Upside Target	30.60
Upside Target	31.55
Upside Target	31.88
Upside Target	31.94
Upside Target	31.95
Upside Target	33.05
Upside Target	34.25

Intraday share price targets for Manak Aluminium (MANAKALUCO_BE)

Target Type	Value
Downside Intraday Target	28.35
Downside Intraday Target	27.09
Upside Intraday Target	31.04
Upside Intraday Target	32.47
Upside Intraday Target	29.78

Weekly technical analysis of Manak Aluminium (MANAKALUCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Fri Sep 2024	29.62	30.30	31.20	28.51	0.472 times
06 Fri Sep 2024	30.38	30.00	31.95	29.43	0.777 times
30 Fri Aug 2024	30.13	31.60	31.94	30.00	0.539 times
23 Fri Aug 2024	31.05	28.80	31.88	27.70	4.399 times
16 Fri Aug 2024	28.38	29.01	30.00	27.35	0.799 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
13 Fri Sep 2024	29.62	30.00	31.95	28.51	0.273 times
30 Fri Aug 2024	30.13	33.00	33.05	27.35	3.271 times
31 Wed Jul 2024	32.10	34.25	34.25	31.55	0.365 times
24 Fri May 2024	25.80	26.10	26.95	22.65	1.667 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 neutral. A longer time frame might give a better analysis.

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 moving up

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 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 30.3 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 negative.

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