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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 2024-09-02 View latest technical analysis

10 day averaged volume of Manaksia Steels is 73683

Date	Daily Closing Price	Open	High	Low	Volume
02 Mon Sep 2024	55.47	55.71	56.99	55.01	0.817 times
30 Fri Aug 2024	55.71	56.90	57.70	55.51	0.396 times
29 Thu Aug 2024	56.65	56.95	59.08	56.00	1.087 times
28 Wed Aug 2024	56.40	55.50	60.80	55.41	2.204 times
27 Tue Aug 2024	55.89	57.70	57.70	55.65	0.919 times
26 Mon Aug 2024	57.07	55.85	58.00	54.60	1.753 times
23 Fri Aug 2024	54.79	55.00	56.00	54.12	0.646 times
22 Thu Aug 2024	54.58	54.03	55.44	54.00	0.696 times
21 Wed Aug 2024	53.86	55.45	55.45	53.50	0.827 times
20 Tue Aug 2024	54.12	55.50	56.75	53.90	0.703 times

My analysis of stock is bullish for shortterm, and stock might move up till 57.1 or till 59.5. Use a stoploss of 55.17 and if this stock hits its stoploss, then it can fall down till 53.2

Share price targets for Manaksia Steels (MANAKSTEEL)

Target Type	Value
Downside Target	43.40
Downside Target	47.75
Downside Target	50.75
Downside Target	51.80
Downside Target	54.60
Upside Target	56.75
Upside Target	56.99
Upside Target	60.40
Upside Target	60.79
Upside Target	60.80
Upside Target	62.99
Upside Target	107.00

Intraday share price targets for Manaksia Steels (MANAKSTEEL)

Target Type	Value
Downside Intraday Target	54.66
Downside Intraday Target	53.84
Upside Intraday Target	56.64
Upside Intraday Target	57.8
Upside Intraday Target	55.82

Weekly technical analysis of Manaksia Steels (MANAKSTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Mon Sep 2024	55.47	55.71	56.99	55.01	0.129 times
30 Fri Aug 2024	55.71	55.85	60.80	54.60	1.747 times
23 Fri Aug 2024	54.79	52.50	56.75	52.27	0.354 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

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
02 Mon Sep 2024	55.47	55.71	56.99	55.01	0.023 times
30 Fri Aug 2024	55.71	59.90	62.99	50.77	2.193 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

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

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

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. 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 55.8 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.