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 2024-08-16 View latest technical analysis

10 day averaged volume of Manaksia Steels is 180616

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	52.43	54.49	55.31	51.80	0.455 times
14 Wed Aug 2024	52.70	54.00	55.50	52.31	0.909 times
13 Tue Aug 2024	55.52	58.83	60.65	53.65	0.522 times
12 Mon Aug 2024	59.08	60.35	62.99	58.50	2.313 times
09 Fri Aug 2024	59.66	55.20	60.40	55.00	2.038 times
08 Thu Aug 2024	55.12	55.00	55.93	53.70	0.608 times
07 Wed Aug 2024	54.94	51.90	56.00	51.00	1.507 times
06 Tue Aug 2024	51.49	53.01	54.75	50.77	0.582 times
05 Mon Aug 2024	53.45	54.00	56.00	53.05	0.846 times
02 Fri Aug 2024	55.85	56.97	57.92	55.50	0.315 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 53.8, but if it comes above 53.8, then a intra day buy could be more profitable.
If you take a sell trade below 53.8, then use 53.8 as stoploss and 51 as target. However if you take a buy trade in stock , then use 53.8 as stoploss and 56.18 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	51.80
Upside Target	53.25
Upside Target	54.61
Upside Target	58.20
Upside Target	59.79
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	48.49
Downside Intraday Target	44.55
Upside Intraday Target	59.68
Upside Intraday Target	66.93
Upside Intraday Target	55.74

Weekly technical analysis of Manaksia Steels (MANAKSTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Fri Aug 2024	52.43	60.35	62.99	51.80	0.752 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
16 Fri Aug 2024	52.43	59.90	62.99	50.77	1.578 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, and volume has increased substantially. This means that the move can 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 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 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 to mid 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 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 gaining momentum.

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

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 red color and prices are below the red 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 BUY signal in short term and the buying is gaining 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 56.27 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.