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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 2025-01-23 View latest technical analysis

10 day averaged volume of Manaksia Steels is 56109

Date	Daily Closing Price	Open	High	Low	Volume
23 Thu Jan 2025	60.67	58.77	61.40	58.50	0.567 times
22 Wed Jan 2025	58.77	61.70	61.70	58.34	0.489 times
21 Tue Jan 2025	60.68	61.35	61.98	60.00	0.933 times
20 Mon Jan 2025	61.57	59.20	62.60	58.49	1.375 times
17 Fri Jan 2025	58.91	59.01	61.89	58.41	1.172 times
16 Thu Jan 2025	59.01	60.30	60.30	58.82	0.539 times
15 Wed Jan 2025	59.45	59.80	63.80	57.27	2.424 times
14 Tue Jan 2025	58.86	55.70	59.80	55.70	0.701 times
13 Mon Jan 2025	55.24	56.52	57.86	55.02	1.34 times
10 Fri Jan 2025	57.42	59.00	59.32	56.92	0.677 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 61.4 as stoploss in an intra day sell trade for a target of 59.82. However, stock will show a bullish move above 61.4.

Share price targets for Manaksia Steels (MANAKSTEEL)

Target Type	Value
Downside Target	52.94
Downside Target	55.02
Downside Target	56.61
Upside Target	62.23
Upside Target	64.00
Upside Target	64.45
Upside Target	64.89
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	58.47
Downside Intraday Target	56.28
Upside Intraday Target	62.73
Upside Intraday Target	64.8
Downside Intraday Target	60.54

Weekly technical analysis of Manaksia Steels (MANAKSTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Thu Jan 2025	60.67	59.20	62.60	58.34	0.545 times
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

Price has moved up 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
23 Thu Jan 2025	60.67	60.00	64.45	55.02	0.534 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 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 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 Weak and stock is losing momentum.

MACD generated a BUY signal for Manaksia Steels in short term but the buy signal is initial and weak.

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. 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 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 59.07 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 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.