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(MANAKSTEEL_BE) Manaksia Steels complete technical analysis [charts+indicators] | Buy/Sell Manaksia Steels | (MANAKSTEEL_BE) share price targets

Complete technical analysis of Manaksia Steels (MANAKSTEEL_BE) by charts plus indicators, forecast predictions and share price targets for Manaksia Steels (MANAKSTEEL_BE)

Showing technical analysis as on 2025-05-06 View latest technical analysis

10 day averaged volume of Manaksia Steels is 41432

Date	Daily Closing Price	Open	High	Low	Volume
06 Tue May 2025	62.09	65.99	66.32	61.76	0.478 times
05 Mon May 2025	65.02	64.50	66.89	64.50	0.257 times
02 Fri May 2025	64.74	64.51	67.49	64.50	0.288 times
12 Fri Jul 2024	55.46	56.69	56.69	53.90	1.323 times
11 Thu Jul 2024	56.69	57.85	58.45	56.10	0.538 times
10 Wed Jul 2024	56.69	57.00	59.20	54.66	0.818 times
09 Tue Jul 2024	56.97	58.15	58.15	56.70	0.669 times
08 Mon Jul 2024	58.29	59.43	59.43	57.00	1.074 times
05 Fri Jul 2024	59.43	58.90	59.59	56.50	1.654 times
04 Thu Jul 2024	57.79	58.50	59.40	56.55	1.651 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 60.8, but if it comes below 60.8, then a intra day sell could be more profitable.
If you take a sell trade below 60.8, then use 60.8 as stoploss and 57.37 as target. However if you take a buy trade in stock , then use 60.8 as stoploss and 65 as target.

Share price targets for Manaksia Steels (MANAKSTEEL_BE)

Target Type	Value
Downside Target	51.65
Downside Target	53.55
Downside Target	57.45
Downside Target	59.43
Downside Target	61.76
Upside Target	62.48
Upside Target	64.50
Upside Target	64.95
Upside Target	66.89
Upside Target	67.49
Upside Target	70.95

Intraday share price targets for Manaksia Steels (MANAKSTEEL_BE)

Target Type	Value
Downside Intraday Target	60.27
Downside Intraday Target	58.45
Upside Intraday Target	65.4
Upside Intraday Target	68.71
Upside Intraday Target	63.58

Weekly technical analysis of Manaksia Steels (MANAKSTEEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Tue May 2025	62.09	64.50	66.89	61.76	2.55 times
02 Fri May 2025	64.74	64.51	67.49	64.50	0.065 times
12 Fri Jul 2024	55.46	59.43	59.43	53.90	0.566 times
05 Fri Jul 2024	59.43	57.00	62.48	55.25	3.227 times
28 Fri Jun 2024	54.67	53.55	54.67	53.55	1.274 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Manaksia Steels (MANAKSTEEL_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Tue May 2025	62.09	64.51	67.49	61.76	0.084 times
12 Fri Jul 2024	55.46	57.00	62.48	53.90	1.562 times
28 Fri Jun 2024	54.67	54.95	57.45	51.65	0.747 times
31 Fri May 2024	54.90	59.25	64.95	52.00	0.781 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_BE)

Price action analysis of Manaksia Steels ( (MANAKSTEEL_BE) ) 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_BE) ) 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_BE) ) based on a short to mid 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_BE) ) 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 Strong and stock is losing momentum.

MACD generated a BUY signal for Manaksia Steels in short term and the buy 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

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

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 58.25 and Manaksia Steels (MANAKSTEEL_BE) 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_BE) stock. Volume based technical analysis of Manaksia Steels (MANAKSTEEL_BE) stock is negative.

Manaksia Steels Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

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