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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 2024-11-25 View latest technical analysis

10 day averaged volume of Manaksia Steels is 73172

Date	Daily Closing Price	Open	High	Low	Volume
25 Mon Nov 2024	61.00	62.50	67.28	60.01	2.348 times
22 Fri Nov 2024	61.17	61.30	61.96	59.73	0.698 times
21 Thu Nov 2024	59.23	62.97	63.17	58.01	0.917 times
19 Tue Nov 2024	61.74	63.00	63.90	61.00	0.72 times
18 Mon Nov 2024	62.04	63.00	63.50	61.11	0.69 times
14 Thu Nov 2024	62.08	59.34	63.00	59.10	1.041 times
13 Wed Nov 2024	59.34	62.00	62.30	59.00	1.419 times
12 Tue Nov 2024	61.83	64.00	64.09	61.52	1.096 times
11 Mon Nov 2024	63.53	63.45	64.99	62.50	1.336 times
08 Fri Nov 2024	64.41	68.35	68.35	62.80	1.342 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, but trade for tomorrow is selective. Take a sell trade only if stock stays below 61.4, but if it comes above 61.4, then a intra day buy could be more profitable.
If you take a sell trade below 61.4, then use 61.4 as stoploss and 57.7 as target. However if you take a buy trade in stock , then use 61.4 as stoploss and 64.48 as target.

Share price targets for Manaksia Steels (MANAKSTEEL)

Target Type	Value
Downside Target	50.77
Downside Target	52.94
Downside Target	58.01
Upside Target	62.23
Upside Target	64.99
Upside Target	65.22
Upside Target	67.28
Upside Target	69.59
Upside Target	72.09
Upside Target	74.45
Upside Target	77.14

Intraday share price targets for Manaksia Steels (MANAKSTEEL)

Target Type	Value
Downside Intraday Target	58.25
Downside Intraday Target	55.49
Upside Intraday Target	65.52
Upside Intraday Target	70.03
Upside Intraday Target	62.76

Weekly technical analysis of Manaksia Steels (MANAKSTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Mon Nov 2024	61.00	62.50	67.28	60.01	0.776 times
22 Fri Nov 2024	61.17	63.00	63.90	58.01	0.618 times
14 Thu Nov 2024	62.08	63.45	64.99	59.00	0.735 times
08 Fri Nov 2024	64.41	66.95	69.59	62.80	0.523 times
01 Fri Nov 2024	66.33	67.50	74.45	65.22	1.639 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 Mon Nov 2024	61.00	67.88	69.59	58.01	0.294 times
31 Thu Oct 2024	67.44	70.00	77.14	62.23	1.022 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

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 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 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.

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

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 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 61.64 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.