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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 2024-09-06 View latest technical analysis

10 day averaged volume of Manaksia Steels is 72009

Date	Daily Closing Price	Open	High	Low	Volume
06 Fri Sep 2024	53.56	55.09	55.10	53.46	0.617 times
05 Thu Sep 2024	54.59	55.00	55.51	53.82	0.731 times
04 Wed Sep 2024	54.06	54.50	55.46	53.96	0.512 times
03 Tue Sep 2024	54.00	55.94	55.99	53.15	0.751 times
02 Mon Sep 2024	55.47	55.71	56.99	55.01	0.836 times
30 Fri Aug 2024	55.71	56.90	57.70	55.51	0.406 times
29 Thu Aug 2024	56.65	56.95	59.08	56.00	1.113 times
28 Wed Aug 2024	56.40	55.50	60.80	55.41	2.255 times
27 Tue Aug 2024	55.89	57.70	57.70	55.65	0.94 times
26 Mon Aug 2024	57.07	55.85	58.00	54.60	1.794 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 55.23. However, stock will show a bearish move below 53.4.

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
Upside 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	52.14
Downside Intraday Target	50.73
Upside Intraday Target	55.98
Upside Intraday Target	58.41
Upside Intraday Target	54.57

Weekly technical analysis of Manaksia Steels (MANAKSTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Fri Sep 2024	53.56	55.71	56.99	53.15	0.53 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
06 Fri Sep 2024	53.56	55.71	56.99	53.15	0.095 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 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 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 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 SELL signal in short term but selling is losing 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 55.78 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.