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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 2024-10-28 View latest technical analysis

10 day averaged volume of Manaksia Steels is 218901

Date	Daily Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	67.27	67.50	74.45	65.53	2.827 times
25 Fri Oct 2024	67.76	65.75	69.00	62.23	1.128 times
24 Thu Oct 2024	65.74	66.10	66.85	64.71	0.228 times
23 Wed Oct 2024	66.48	64.00	67.50	62.89	0.414 times
22 Tue Oct 2024	63.94	66.97	67.79	63.41	0.403 times
21 Mon Oct 2024	66.97	68.20	69.38	66.06	0.419 times
18 Fri Oct 2024	69.28	70.70	70.80	67.40	0.515 times
17 Thu Oct 2024	69.75	70.75	72.40	69.33	0.483 times
16 Wed Oct 2024	71.04	70.91	75.18	70.50	1.267 times
15 Tue Oct 2024	71.15	73.50	77.14	70.95	1.855 times

Stock of Manaksia Steels (MANAKSTEEL) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, and stock might move down till 65.8 or till 63.1. Use a stoploss of 68.01 and if the stock hits stoploss, then it can shoot up till 70.24

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	74.45
Upside Target	77.14
Upside Target	107.00

Intraday share price targets for Manaksia Steels (MANAKSTEEL)

Target Type	Value
Downside Intraday Target	63.72
Downside Intraday Target	60.16
Upside Intraday Target	72.64
Upside Intraday Target	78
Upside Intraday Target	69.08

Weekly technical analysis of Manaksia Steels (MANAKSTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	67.27	67.50	74.45	65.53	1.09 times
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

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
28 Mon Oct 2024	67.27	70.00	77.14	62.23	0.964 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Manaksia Steels ( (MANAKSTEEL) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Manaksia Steels ( (MANAKSTEEL) ) based on a mid to longer term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 weakening, and bulls are picking up momentum!

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 buy signal for Manaksia Steels in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 68.59 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.