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(MANAKSTEEL) Manaksia Steels complete technical analysis [charts+indicators] | Buy/Sell Manaksia Steels | (MANAKSTEEL) share price targets

Complete technical analysis of Manaksia Steels (MANAKSTEEL) by charts plus indicators, forecast predictions and share price targets for Manaksia Steels (MANAKSTEEL)

Showing technical analysis as on 2023-12-20 View latest technical analysis

10 day averaged volume of Manaksia Steels is 146260

Date	Daily Closing Price	Open	High	Low	Volume
20 Wed Dec 2023	43.90	47.10	47.10	43.55	1.374 times
19 Tue Dec 2023	46.40	47.00	47.60	46.20	0.595 times
18 Mon Dec 2023	46.90	46.50	47.50	46.10	0.893 times
15 Fri Dec 2023	46.50	47.50	48.45	46.10	1.06 times
14 Thu Dec 2023	47.10	45.50	48.10	44.95	3.071 times
13 Wed Dec 2023	45.00	45.30	45.30	44.45	0.854 times
12 Tue Dec 2023	44.70	45.30	45.65	44.55	1.147 times
11 Mon Dec 2023	44.80	44.75	45.00	44.25	0.4 times
08 Fri Dec 2023	44.25	44.50	44.95	43.85	0.674 times
07 Thu Dec 2023	44.10	44.50	44.50	43.50	0.592 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 44.4, but if it comes above 44.4, then a intra day buy could be more profitable.
If you take a sell trade below 44.4, then use 44.4 as stoploss and 43.1 as target. However if you take a buy trade in stock , then use 44.4 as stoploss and 45.46 as target.

Share price targets for Manaksia Steels (MANAKSTEEL)

Target Type	Value
Downside Target	39.55
Downside Target	42.10
Downside Target	43.40
Upside Target	46.70
Upside Target	47.80
Upside Target	48.45
Upside Target	48.50
Upside Target	50.05
Upside Target	51.60
Upside Target	54.70

Intraday share price targets for Manaksia Steels (MANAKSTEEL)

Target Type	Value
Downside Intraday Target	42.43
Downside Intraday Target	40.97
Upside Intraday Target	46.48
Upside Intraday Target	49.07
Upside Intraday Target	45.02

Weekly technical analysis of Manaksia Steels (MANAKSTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Wed Dec 2023	43.90	46.50	47.60	43.55	0.438 times
15 Fri Dec 2023	46.50	44.75	48.45	44.25	1.322 times
08 Fri Dec 2023	44.25	46.05	46.70	43.40	1.189 times
01 Fri Dec 2023	45.35	46.45	47.80	44.40	0.615 times
24 Fri Nov 2023	46.45	44.80	50.05	44.65	3.048 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 Manaksia Steels (MANAKSTEEL)

Date	Monthly Closing Price	Open	High	Low	Volume
20 Wed Dec 2023	43.90	45.00	48.45	43.40	0.964 times
30 Thu Nov 2023	45.10	43.10	50.05	42.10	1.14 times
31 Tue Oct 2023	42.35	47.15	48.50	39.55	0.431 times
29 Fri Sep 2023	46.40	48.40	54.70	45.20	0.855 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 Manaksia Steels (MANAKSTEEL)

Price action analysis of Manaksia Steels ( (MANAKSTEEL) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Manaksia Steels ( (MANAKSTEEL) ) 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 Manaksia Steels ( (MANAKSTEEL) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Manaksia Steels ( (MANAKSTEEL) ) based on a mid to longer term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

ADX buy sell signal for Manaksia Steels stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Manaksia Steels in short term and the buy signal is strong.

Manaksia Steels 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 getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Manaksia Steels in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Manaksia Steels is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 45.71 and Manaksia Steels (MANAKSTEEL) 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 Manaksia Steels (MANAKSTEEL) stock. Volume based technical analysis of Manaksia Steels (MANAKSTEEL) stock is negative.

Manaksia Steels 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.