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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 2024-08-21 View latest technical analysis

10 day averaged volume of Manaksia Steels is 172239

Date	Daily Closing Price	Open	High	Low	Volume
21 Wed Aug 2024	53.86	55.45	55.45	53.50	0.354 times
20 Tue Aug 2024	54.12	55.50	56.75	53.90	0.301 times
19 Mon Aug 2024	54.50	52.50	54.84	52.27	0.328 times
16 Fri Aug 2024	52.43	54.49	55.31	51.80	0.478 times
14 Wed Aug 2024	52.70	54.00	55.50	52.31	0.953 times
13 Tue Aug 2024	55.52	58.83	60.65	53.65	0.548 times
12 Mon Aug 2024	59.08	60.35	62.99	58.50	2.426 times
09 Fri Aug 2024	59.66	55.20	60.40	55.00	2.138 times
08 Thu Aug 2024	55.12	55.00	55.93	53.70	0.638 times
07 Wed Aug 2024	54.94	51.90	56.00	51.00	1.58 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 53.4 as stoploss in an intra day buy trade for a target of 55.91. However, stock will show a bearish move below 53.4.

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	54.61
Upside Target	56.75
Upside Target	58.20
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	51.84
Downside Intraday Target	49.81
Upside Intraday Target	56.32
Upside Intraday Target	58.77
Upside Intraday Target	54.29

Weekly technical analysis of Manaksia Steels (MANAKSTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Wed Aug 2024	53.86	52.50	56.75	52.27	0.223 times
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

Price has moved up 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
21 Wed Aug 2024	53.86	59.90	62.99	50.77	1.719 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 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 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 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 weakening, and bulls are picking up momentum!

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 56.63 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 negative.

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