Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-08-12 View latest technical analysis

10 day averaged volume of Manaksia Steels is 154897

Date	Daily Closing Price	Open	High	Low	Volume
12 Mon Aug 2024	59.08	60.35	62.99	58.50	2.697 times
09 Fri Aug 2024	59.66	55.20	60.40	55.00	2.377 times
08 Thu Aug 2024	55.12	55.00	55.93	53.70	0.71 times
07 Wed Aug 2024	54.94	51.90	56.00	51.00	1.757 times
06 Tue Aug 2024	51.49	53.01	54.75	50.77	0.679 times
05 Mon Aug 2024	53.45	54.00	56.00	53.05	0.986 times
02 Fri Aug 2024	55.85	56.97	57.92	55.50	0.367 times
01 Thu Aug 2024	57.56	59.90	60.69	57.31	0.418 times
31 Wed Jul 2024	59.43	59.17	60.00	58.50	0.374 times
30 Tue Jul 2024	59.17	60.00	60.79	58.30	0.943 times

Stock of Manaksia Steels (MANAKSTEEL) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 58.7, but if it comes below 58.7, then a intra day sell could be more profitable.
If you take a sell trade below 58.7, then use 58.7 as stoploss and 56.63 as target. However if you take a buy trade in stock , then use 58.7 as stoploss and 61.2 as target.

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
Downside Target	58.20
Upside Target	59.79
Upside Target	60.40
Upside Target	60.79
Upside Target	62.99
Upside Target	107.00

Intraday share price targets for Manaksia Steels (MANAKSTEEL)

Target Type	Value
Downside Intraday Target	57.39
Downside Intraday Target	55.7
Upside Intraday Target	61.88
Upside Intraday Target	64.68
Upside Intraday Target	60.19

Weekly technical analysis of Manaksia Steels (MANAKSTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Mon Aug 2024	59.08	60.35	62.99	58.50	0.414 times
09 Fri Aug 2024	59.66	54.00	60.40	50.77	1.864 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

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
12 Mon Aug 2024	59.08	59.90	62.99	50.77	1.293 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 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 term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 BUY. Signal strength is Weak and stock is gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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. Bulls are getting stronger in this stock.

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

CCI has generated a buy signal for Manaksia Steels in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 57.22 and Manaksia Steels (MANAKSTEEL) 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 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 positive

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