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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 2024-10-25 View latest technical analysis

10 day averaged volume of Manaksia Steels is 221408

Date	Daily Closing Price	Open	High	Low	Volume
25 Fri Oct 2024	67.76	65.75	69.00	62.23	1.115 times
24 Thu Oct 2024	65.74	66.10	66.85	64.71	0.226 times
23 Wed Oct 2024	66.48	64.00	67.50	62.89	0.409 times
22 Tue Oct 2024	63.94	66.97	67.79	63.41	0.399 times
21 Mon Oct 2024	66.97	68.20	69.38	66.06	0.415 times
18 Fri Oct 2024	69.28	70.70	70.80	67.40	0.509 times
17 Thu Oct 2024	69.75	70.75	72.40	69.33	0.477 times
16 Wed Oct 2024	71.04	70.91	75.18	70.50	1.253 times
15 Tue Oct 2024	71.15	73.50	77.14	70.95	1.834 times
14 Mon Oct 2024	73.97	68.80	74.51	67.35	3.25 times

My analysis of stock is bearish for shortterm, and stock might move down till 65.7 or till 63.1. Use a stoploss of 67.98 and if the stock hits stoploss, then it can shoot up till 70.22

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	62.23
Downside Target	64.50
Upside Target	69.38
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	63.53
Downside Intraday Target	59.31
Upside Intraday Target	70.68
Upside Intraday Target	73.61
Downside Intraday Target	66.46

Weekly technical analysis of Manaksia Steels (MANAKSTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Fri Oct 2024	67.76	68.20	69.38	62.23	0.35 times
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

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
25 Fri Oct 2024	67.76	70.00	77.14	62.23	0.822 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 neutral. A longer time frame might give a better analysis.

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Manaksia Steels stock for short term is SELL. Signal strength is Strong and stock is gaining 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Manaksia Steels in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 70.73 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.