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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 2025-01-31 View latest technical analysis

10 day averaged volume of Manaksia Steels is 42360

Date	Daily Closing Price	Open	High	Low	Volume
31 Fri Jan 2025	56.22	56.31	59.10	55.95	1.286 times
30 Thu Jan 2025	55.65	56.75	57.12	55.50	0.582 times
29 Wed Jan 2025	55.85	54.95	56.45	54.79	0.31 times
28 Tue Jan 2025	54.40	56.01	56.69	53.41	0.75 times
27 Mon Jan 2025	55.53	56.00	56.82	54.00	1.277 times
24 Fri Jan 2025	57.39	60.90	60.90	56.31	1.072 times
23 Thu Jan 2025	60.67	58.77	61.40	58.50	0.752 times
22 Wed Jan 2025	58.77	61.70	61.70	58.34	0.648 times
21 Tue Jan 2025	60.68	61.35	61.98	60.00	1.235 times
20 Mon Jan 2025	61.57	59.20	62.60	58.49	1.821 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 56.2 as stoploss in an intra day buy trade for a target of 58.31. However, stock will show a bearish move below 56.2.

Share price targets for Manaksia Steels (MANAKSTEEL)

Target Type	Value
Downside Target	52.94
Downside Target	55.02
Upside Target	56.31
Upside Target	62.23
Upside Target	63.80
Upside Target	64.00
Upside Target	64.45
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	53.39
Downside Intraday Target	50.55
Upside Intraday Target	59.08
Upside Intraday Target	61.93
Upside Intraday Target	56.24

Weekly technical analysis of Manaksia Steels (MANAKSTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Fri Jan 2025	56.22	56.00	59.10	53.41	0.761 times
24 Fri Jan 2025	57.39	59.20	62.60	56.31	0.676 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

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
31 Fri Jan 2025	56.22	60.00	64.45	53.41	0.658 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 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 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 neutral. A longer time frame might give a better analysis.

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 Weak and stock is losing 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 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 moving up

CCI has generated a buy signal for Manaksia Steels in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL 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 58.15 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.