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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 2024-12-19 View latest technical analysis

10 day averaged volume of Manaksia Steels is 95181

Date	Daily Closing Price	Open	High	Low	Volume
19 Thu Dec 2024	63.29	62.15	64.00	61.01	0.384 times
18 Wed Dec 2024	62.97	63.36	64.45	62.55	0.41 times
17 Tue Dec 2024	63.30	64.98	64.98	62.55	1.101 times
16 Mon Dec 2024	64.03	63.70	65.77	63.70	0.546 times
13 Fri Dec 2024	63.65	64.77	64.77	56.61	1.629 times
12 Thu Dec 2024	64.39	65.29	65.48	63.80	0.272 times
11 Wed Dec 2024	64.32	65.64	66.85	63.85	0.985 times
10 Tue Dec 2024	65.35	66.25	67.15	65.01	0.65 times
09 Mon Dec 2024	65.91	64.60	69.00	64.60	1.099 times
06 Fri Dec 2024	65.15	64.85	66.09	64.12	0.827 times

My analysis of stock is bearish for shortterm, and stock might move down till 62 or till 60.3. Use a stoploss of 63.38 and if the stock hits stoploss, then it can shoot up till 64.8

Share price targets for Manaksia Steels (MANAKSTEEL)

Target Type	Value
Downside Target	50.77
Downside Target	52.94
Downside Target	56.61
Downside Target	58.01
Downside Target	59.91
Downside Target	62.23
Upside Target	65.77
Upside Target	67.28
Upside Target	69.00
Upside Target	69.59
Upside Target	72.09
Upside Target	77.14

Intraday share price targets for Manaksia Steels (MANAKSTEEL)

Target Type	Value
Downside Intraday Target	60.94
Downside Intraday Target	58.6
Upside Intraday Target	65.7
Upside Intraday Target	68.12
Upside Intraday Target	63.36

Weekly technical analysis of Manaksia Steels (MANAKSTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Thu Dec 2024	63.29	63.70	65.77	61.01	0.526 times
13 Fri Dec 2024	63.65	64.60	69.00	56.61	0.563 times
06 Fri Dec 2024	65.15	62.05	67.00	59.91	2.136 times
29 Fri Nov 2024	62.52	62.50	67.28	60.01	1.659 times
22 Fri Nov 2024	61.17	63.00	63.90	58.01	0.618 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
19 Thu Dec 2024	63.29	62.05	69.00	56.61	0.974 times
29 Fri Nov 2024	62.52	67.88	69.59	58.01	0.338 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

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 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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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 and the sell signal is strong.

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. Bulls are getting tired and bears are picking up momentum.

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

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

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 64.29 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.