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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 2023-12-22 View latest technical analysis

10 day averaged volume of Manaksia Steels is 155338

Date	Daily Closing Price	Open	High	Low	Volume
22 Fri Dec 2023	44.80	45.75	45.90	44.50	0.502 times
21 Thu Dec 2023	45.05	43.90	45.40	43.40	0.52 times
20 Wed Dec 2023	43.90	47.10	47.10	43.55	1.293 times
19 Tue Dec 2023	46.40	47.00	47.60	46.20	0.56 times
18 Mon Dec 2023	46.90	46.50	47.50	46.10	0.841 times
15 Fri Dec 2023	46.50	47.50	48.45	46.10	0.998 times
14 Thu Dec 2023	47.10	45.50	48.10	44.95	2.892 times
13 Wed Dec 2023	45.00	45.30	45.30	44.45	0.804 times
12 Tue Dec 2023	44.70	45.30	45.65	44.55	1.08 times
11 Mon Dec 2023	44.80	44.75	45.00	44.25	0.377 times

My analysis of stock is bearish for shortterm, and stock might move down till 44.3 or till 43.1. Use a stoploss of 45.3 and if the stock hits stoploss, then it can shoot up till 46.32

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	42.93
Downside Intraday Target	41.07
Upside Intraday Target	47.13
Upside Intraday Target	49.47
Upside Intraday Target	45.27

Weekly technical analysis of Manaksia Steels (MANAKSTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Fri Dec 2023	44.80	46.50	47.60	43.40	0.604 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
22 Fri Dec 2023	44.80	45.00	48.45	43.40	1.032 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 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 Manaksia Steels ( (MANAKSTEEL) ) 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 Manaksia Steels ( (MANAKSTEEL) ) based on a short to mid 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 Manaksia Steels ( (MANAKSTEEL) ) 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 Manaksia Steels stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Manaksia Steels in short term but the sell signal is initial and weak.

Manaksia Steels 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 coming down

CCI has generated a buy signal for Manaksia Steels in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing 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 45.82 and Manaksia Steels (MANAKSTEEL) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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 is giving positive returns over a short term period. Returns for a longer term period have been positive

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