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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)

10 day averaged volume of Manak Aluminium is 9971

Date	Daily Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	27.25	26.75	27.25	26.75	1.314 times
24 Wed Apr 2024	26.75	26.45	26.75	26.45	1.433 times
23 Tue Apr 2024	26.40	26.40	26.40	26.10	0.957 times
22 Mon Apr 2024	26.40	26.70	26.70	26.40	0.885 times
19 Fri Apr 2024	26.70	26.45	26.70	26.45	0.868 times
18 Thu Apr 2024	26.95	26.60	26.95	26.60	0.571 times
16 Tue Apr 2024	26.55	26.85	27.35	26.55	2.777 times
15 Mon Apr 2024	26.85	27.20	27.20	26.65	0.718 times
12 Fri Apr 2024	27.20	27.10	27.20	27.10	0.593 times
10 Wed Apr 2024	27.60	27.60	27.60	27.60	0.884 times

My analysis of stock is bearish for shortterm, and stock might move down till 26.2 or till 24.8. Use a stoploss of 27.42 and if the stock hits stoploss, then it can shoot up till 28.62

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	26.10
Upside Target	28.75
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	26.48
Downside Intraday Target	25.72
Upside Intraday Target	27.63
Upside Intraday Target	28.02
Downside Intraday Target	26.87

Weekly technical analysis of Manak Aluminium (MANAKALUCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	27.25	26.70	27.25	26.10	0.93 times
19 Fri Apr 2024	26.70	27.20	27.35	26.45	1.804 times
12 Fri Apr 2024	27.20	28.75	28.75	27.10	0.093 times
05 Fri Apr 2024	29.25	27.40	30.60	26.50	1.191 times
28 Thu Mar 2024	26.30	26.50	27.50	25.25	0.474 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
25 Thu Apr 2024	27.25	27.40	30.60	26.10	0.344 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 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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

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 and BUY 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 26.81 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 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.