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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 2025-01-17 View latest technical analysis

10 day averaged volume of Manaksia Steels is 51234

Date	Daily Closing Price	Open	High	Low	Volume
17 Fri Jan 2025	58.91	59.01	61.89	58.41	1.284 times
16 Thu Jan 2025	59.01	60.30	60.30	58.82	0.59 times
15 Wed Jan 2025	59.45	59.80	63.80	57.27	2.655 times
14 Tue Jan 2025	58.86	55.70	59.80	55.70	0.768 times
13 Mon Jan 2025	55.24	56.52	57.86	55.02	1.468 times
10 Fri Jan 2025	57.42	59.00	59.32	56.92	0.741 times
09 Thu Jan 2025	58.97	60.66	60.66	58.41	0.383 times
08 Wed Jan 2025	60.66	60.63	61.00	60.02	0.371 times
07 Tue Jan 2025	60.63	60.00	61.51	59.60	0.685 times
06 Mon Jan 2025	60.22	63.90	64.00	60.00	1.182 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 58.3 as stoploss in an intra day buy trade for a target of 59.96. However, stock will show a bearish move below 58.3.

Share price targets for Manaksia Steels (MANAKSTEEL)

Target Type	Value
Downside Target	52.94
Downside Target	55.02
Downside Target	56.61
Upside Target	59.39
Upside Target	61.01
Upside Target	62.23
Upside Target	63.80
Upside Target	64.89
Upside Target	65.77
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	54.69
Downside Intraday Target	50.46
Upside Intraday Target	63.47
Upside Intraday Target	68.02
Upside Intraday Target	59.24

Weekly technical analysis of Manaksia Steels (MANAKSTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Fri Jan 2025	58.91	56.52	63.80	55.02	2.013 times
10 Fri Jan 2025	57.42	63.90	64.00	56.92	0.498 times
03 Fri Jan 2025	62.66	60.90	64.45	58.17	1.59 times
27 Fri Dec 2024	60.45	63.50	64.89	59.39	0.832 times
20 Fri Dec 2024	62.37	63.70	65.77	61.01	0.593 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
17 Fri Jan 2025	58.91	60.00	64.45	55.02	0.429 times
31 Tue Dec 2024	59.41	62.05	69.00	56.61	1.202 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

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 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 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 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 BUY. 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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 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 58.75 and Manaksia Steels (MANAKSTEEL) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.