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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)

10 day averaged volume of Manaksia Steels is 41230

Date	Daily Closing Price	Open	High	Low	Volume
03 Mon Feb 2025	55.75	57.00	57.00	55.31	0.289 times
31 Fri Jan 2025	56.22	56.31	59.10	55.95	1.321 times
30 Thu Jan 2025	55.65	56.75	57.12	55.50	0.598 times
29 Wed Jan 2025	55.85	54.95	56.45	54.79	0.318 times
28 Tue Jan 2025	54.40	56.01	56.69	53.41	0.771 times
27 Mon Jan 2025	55.53	56.00	56.82	54.00	1.312 times
24 Fri Jan 2025	57.39	60.90	60.90	56.31	1.101 times
23 Thu Jan 2025	60.67	58.77	61.40	58.50	0.772 times
22 Wed Jan 2025	58.77	61.70	61.70	58.34	0.666 times
21 Tue Jan 2025	60.68	61.35	61.98	60.00	1.269 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 55.9, but if it comes above 55.9, then a intra day buy could be more profitable.
If you take a sell trade below 55.9, then use 55.9 as stoploss and 53.3 as target. However if you take a buy trade in stock , then use 55.9 as stoploss and 58.08 as target.

Share price targets for Manaksia Steels (MANAKSTEEL)

Target Type	Value
Downside Target	53.41
Downside Target	55.02
Upside Target	59.10
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	55.04
Downside Intraday Target	54.33
Upside Intraday Target	56.73
Upside Intraday Target	57.71
Upside Intraday Target	56.02

Weekly technical analysis of Manaksia Steels (MANAKSTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Mon Feb 2025	55.75	57.00	57.00	55.31	0.067 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
03 Mon Feb 2025	55.75	57.00	57.00	55.31	0.01 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 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 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 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 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 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 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 57.31 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.