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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 2025-05-21 View latest technical analysis

10 day averaged volume of Manaksia Steels is 26487

Date	Daily Closing Price	Open	High	Low	Volume
21 Wed May 2025	62.56	63.99	63.99	62.00	0.379 times
20 Tue May 2025	63.74	64.42	64.48	61.70	0.392 times
19 Mon May 2025	64.42	64.00	65.00	63.51	1.004 times
16 Fri May 2025	62.98	59.99	62.98	59.01	2.862 times
15 Thu May 2025	59.99	60.79	61.78	59.60	0.818 times
14 Wed May 2025	60.87	64.70	64.70	59.10	1.654 times
13 Tue May 2025	61.79	62.49	62.99	60.93	0.661 times
12 Mon May 2025	60.09	59.90	60.09	59.70	0.279 times
09 Fri May 2025	57.23	58.99	58.99	56.52	0.6 times
08 Thu May 2025	59.50	58.98	61.92	57.00	0.891 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 63.3 as stoploss in an intra day sell trade for a target of 60.38. However, stock will show a bullish move above 63.3.

Share price targets for Manaksia Steels (MANAKSTEEL_BE)

Target Type	Value
Downside Target	51.65
Downside Target	53.90
Downside Target	56.00
Downside Target	59.01
Downside Target	61.70
Upside Target	64.50
Upside Target	64.70
Upside Target	64.95
Upside Target	65.00
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	61.17
Downside Intraday Target	59.79
Upside Intraday Target	64.47
Upside Intraday Target	66.39
Upside Intraday Target	63.09

Weekly technical analysis of Manaksia Steels (MANAKSTEEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Wed May 2025	62.56	64.00	65.00	61.70	0.283 times
16 Fri May 2025	62.98	59.90	64.70	59.01	1.802 times
09 Fri May 2025	57.23	64.50	66.89	56.52	7.717 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

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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
21 Wed May 2025	62.56	64.51	67.49	56.52	0.626 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 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_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 Weak and stock is gaining momentum.

MACD generated a BUY signal for Manaksia Steels in short term and the buy signal is strong.

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 and the buying is gaining 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 61.67 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.