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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 2024-10-18 View latest technical analysis

10 day averaged volume of Manaksia Steels is 258397

Date	Daily Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	69.28	70.70	70.80	67.40	0.436 times
17 Thu Oct 2024	69.75	70.75	72.40	69.33	0.409 times
16 Wed Oct 2024	71.04	70.91	75.18	70.50	1.073 times
15 Tue Oct 2024	71.15	73.50	77.14	70.95	1.572 times
14 Mon Oct 2024	73.97	68.80	74.51	67.35	2.785 times
11 Fri Oct 2024	67.74	66.41	73.49	66.41	1.053 times
10 Thu Oct 2024	67.66	65.80	69.03	65.05	0.381 times
09 Wed Oct 2024	66.64	67.00	69.78	66.01	0.462 times
08 Tue Oct 2024	66.81	66.00	67.75	65.00	0.351 times
07 Mon Oct 2024	65.09	67.00	70.00	64.50	1.328 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 70.2 as stoploss in an intra day sell trade for a target of 68.25. However, stock will show a bullish move above 70.2.

Share price targets for Manaksia Steels (MANAKSTEEL)

Target Type	Value
Downside Target	47.75
Downside Target	50.77
Downside Target	52.94
Downside Target	60.79
Downside Target	62.42
Downside Target	64.50
Upside Target	69.76
Upside Target	72.00
Upside Target	72.09
Upside Target	73.49
Upside Target	77.14
Upside Target	107.00

Intraday share price targets for Manaksia Steels (MANAKSTEEL)

Target Type	Value
Downside Intraday Target	65.37
Downside Intraday Target	61.47
Upside Intraday Target	75.16
Upside Intraday Target	81.05
Upside Intraday Target	71.26

Weekly technical analysis of Manaksia Steels (MANAKSTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	69.28	68.80	77.14	67.35	1.756 times
11 Fri Oct 2024	67.74	67.00	73.49	64.50	1.269 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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Manaksia Steels (MANAKSTEEL)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Fri Oct 2024	69.28	70.00	77.14	64.50	0.69 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 up 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 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 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 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 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 70.11 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 positive

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