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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 2024-10-07 View latest technical analysis

10 day averaged volume of Manaksia Steels is 175217

Date	Daily Closing Price	Open	High	Low	Volume
07 Mon Oct 2024	65.09	67.00	70.00	64.50	1.958 times
04 Fri Oct 2024	67.08	69.15	70.29	66.20	0.867 times
03 Thu Oct 2024	68.12	69.35	72.00	67.20	0.935 times
01 Tue Oct 2024	68.68	70.00	70.80	67.51	0.737 times
30 Mon Sep 2024	68.97	67.80	70.02	66.79	1.615 times
27 Fri Sep 2024	66.69	66.10	69.34	65.91	1.895 times
26 Thu Sep 2024	66.04	66.05	68.50	65.66	0.684 times
25 Wed Sep 2024	66.95	68.00	68.75	66.17	0.714 times
24 Tue Sep 2024	67.67	68.10	68.75	67.20	0.514 times
23 Mon Sep 2024	67.93	68.70	69.76	67.05	0.722 times

My analysis of stock is bullish for shortterm, and stock might move up till 69.7 or till 76.5. Use a stoploss of 63.93 and if this stock hits its stoploss, then it can fall down till 58.2

Share price targets for Manaksia Steels (MANAKSTEEL)

Target Type	Value
Downside Target	47.75
Downside Target	50.77
Downside Target	52.94
Downside Target	59.27
Downside Target	60.79
Downside Target	62.42
Downside Target	64.50
Upside Target	69.76
Upside Target	70.00
Upside Target	72.00
Upside Target	72.09
Upside Target	107.00

Intraday share price targets for Manaksia Steels (MANAKSTEEL)

Target Type	Value
Downside Intraday Target	63.06
Downside Intraday Target	61.03
Upside Intraday Target	68.56
Upside Intraday Target	72.03
Upside Intraday Target	66.53

Weekly technical analysis of Manaksia Steels (MANAKSTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Mon Oct 2024	65.09	67.00	70.00	64.50	0.471 times
04 Fri Oct 2024	67.08	67.80	72.00	66.20	0.917 times
27 Fri Sep 2024	66.69	68.70	69.76	65.66	0.306 times
20 Fri Sep 2024	67.76	62.42	72.09	62.42	6.291 times
13 Fri Sep 2024	56.75	53.61	59.27	52.94	1.66 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
07 Mon Oct 2024	65.09	70.00	72.00	64.50	0.182 times
30 Mon Sep 2024	68.97	55.71	72.09	52.94	1.649 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

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 neutral. A longer time frame might give a better analysis.

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 Strong and stock is losing momentum.

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

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 green color and prices are in or below the green 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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Manaksia Steels is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 67.14 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 positive

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