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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 2025-02-04 View latest technical analysis

10 day averaged volume of Manaksia Steels is 34706

Date	Daily Closing Price	Open	High	Low	Volume
04 Tue Feb 2025	55.31	56.97	57.29	54.59	0.913 times
03 Mon Feb 2025	55.75	57.00	57.00	55.31	0.343 times
31 Fri Jan 2025	56.22	56.31	59.10	55.95	1.57 times
30 Thu Jan 2025	55.65	56.75	57.12	55.50	0.71 times
29 Wed Jan 2025	55.85	54.95	56.45	54.79	0.378 times
28 Tue Jan 2025	54.40	56.01	56.69	53.41	0.916 times
27 Mon Jan 2025	55.53	56.00	56.82	54.00	1.559 times
24 Fri Jan 2025	57.39	60.90	60.90	56.31	1.308 times
23 Thu Jan 2025	60.67	58.77	61.40	58.50	0.917 times
22 Wed Jan 2025	58.77	61.70	61.70	58.34	0.791 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 55.7, but if it comes above 55.7, then a intra day buy could be more profitable.
If you take a sell trade below 55.7, then use 55.7 as stoploss and 53.1 as target. However if you take a buy trade in stock , then use 55.7 as stoploss and 57.82 as target.

Share price targets for Manaksia Steels (MANAKSTEEL)

Target Type	Value
Downside Target	53.41
Downside Target	54.59
Upside Target	56.31
Upside Target	62.23
Upside Target	62.60
Upside Target	63.80
Upside Target	64.00
Upside Target	64.45
Upside Target	69.00
Upside Target	69.59
Upside Target	77.14

Intraday share price targets for Manaksia Steels (MANAKSTEEL)

Target Type	Value
Downside Intraday Target	54.17
Downside Intraday Target	53.03
Upside Intraday Target	56.87
Upside Intraday Target	58.43
Upside Intraday Target	55.73

Weekly technical analysis of Manaksia Steels (MANAKSTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Tue Feb 2025	55.31	57.00	57.29	54.59	0.245 times
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

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
04 Tue Feb 2025	55.31	57.00	57.29	54.59	0.037 times
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

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 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 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 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 gaining 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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

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 and the buying is gaining 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 56.58 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.