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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 2025-02-05 View latest technical analysis

10 day averaged volume of Manaksia Steels is 32642

Date	Daily Closing Price	Open	High	Low	Volume
05 Wed Feb 2025	56.47	55.50	61.00	55.50	4.787 times
04 Tue Feb 2025	55.31	56.97	57.29	54.59	0.971 times
03 Mon Feb 2025	55.75	57.00	57.00	55.31	0.365 times
31 Fri Jan 2025	56.22	56.31	59.10	55.95	1.669 times
30 Thu Jan 2025	55.65	56.75	57.12	55.50	0.755 times
29 Wed Jan 2025	55.85	54.95	56.45	54.79	0.402 times
28 Tue Jan 2025	54.40	56.01	56.69	53.41	0.973 times
27 Mon Jan 2025	55.53	56.00	56.82	54.00	1.658 times
24 Fri Jan 2025	57.39	60.90	60.90	56.31	1.391 times
23 Thu Jan 2025	60.67	58.77	61.40	58.50	0.975 times

Stock of Manaksia Steels (MANAKSTEEL) has showed a significant upmove. This could be a good time to enter in this stock!

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 55.5 as stoploss in an intra day buy trade for a target of 57.61. However, stock will show a bearish move below 55.5.

Share price targets for Manaksia Steels (MANAKSTEEL)

Target Type	Value
Downside Target	53.41
Downside Target	54.59
Downside Target	56.31
Upside Target	61.00
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	53.71
Downside Intraday Target	50.94
Upside Intraday Target	60.12
Upside Intraday Target	63.76
Upside Intraday Target	57.35

Weekly technical analysis of Manaksia Steels (MANAKSTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Wed Feb 2025	56.47	57.00	61.00	54.59	1.122 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 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
05 Wed Feb 2025	56.47	57.00	61.00	54.59	0.169 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 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 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 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 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 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 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 and BUY 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

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 56.41 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.