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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 2024-08-08 View latest technical analysis

10 day averaged volume of Manaksia Steels is 120243

Date	Daily Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	55.12	55.00	55.93	53.70	0.914 times
07 Wed Aug 2024	54.94	51.90	56.00	51.00	2.263 times
06 Tue Aug 2024	51.49	53.01	54.75	50.77	0.875 times
05 Mon Aug 2024	53.45	54.00	56.00	53.05	1.27 times
02 Fri Aug 2024	55.85	56.97	57.92	55.50	0.473 times
01 Thu Aug 2024	57.56	59.90	60.69	57.31	0.539 times
31 Wed Jul 2024	59.43	59.17	60.00	58.50	0.482 times
30 Tue Jul 2024	59.17	60.00	60.79	58.30	1.215 times
29 Mon Jul 2024	59.15	58.99	60.45	56.97	1.789 times
26 Fri Jul 2024	57.58	56.97	58.20	56.10	0.65 times

My analysis of stock is bearish for shortterm, and stock might move down till 47.8 or till 32.5. Use a stoploss of 60.5 and if the stock hits stoploss, then it can shoot up till 73.21

Share price targets for Manaksia Steels (MANAKSTEEL)

Target Type	Value
Downside Target	42.10
Downside Target	43.40
Downside Target	47.75
Downside Target	50.05
Downside Target	53.25
Downside Target	54.61
Upside Target	58.20
Upside Target	59.79
Upside Target	60.69
Upside Target	60.79
Upside Target	92.15
Upside Target	107.00

Intraday share price targets for Manaksia Steels (MANAKSTEEL)

Target Type	Value
Downside Intraday Target	51.93
Downside Intraday Target	48.73
Upside Intraday Target	57.16
Upside Intraday Target	59.19
Downside Intraday Target	53.96

Weekly technical analysis of Manaksia Steels (MANAKSTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	55.12	54.00	56.00	50.77	1.184 times
02 Fri Aug 2024	55.85	58.99	60.79	55.50	1.952 times
26 Fri Jul 2024	57.58	56.99	58.20	54.61	0.553 times
19 Fri Jul 2024	55.55	56.00	59.79	53.25	0.13 times
30 Tue Jan 2024	94.40	102.00	107.00	92.15	0.543 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
08 Thu Aug 2024	55.12	59.90	60.69	50.77	0.636 times
31 Wed Jul 2024	59.43	56.00	60.79	53.25	0.043 times
30 Tue Jan 2024	94.40	48.00	107.00	47.75	5.629 times
29 Fri Dec 2023	47.75	45.00	50.75	43.40	2.097 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 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 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 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 Manaksia Steels ( (MANAKSTEEL) ) based on a mid to longer 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.

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 SELL signal for Manaksia Steels in short term and the sell 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 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 Manaksia Steels in short term but BUY signal is weak.

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 56.24 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.