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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)

10 day averaged volume of Manaksia Steels is 14450

Date	Daily Closing Price	Open	High	Low	Volume
09 Thu May 2024	53.05	54.10	54.10	53.05	0.646 times
08 Wed May 2024	54.10	54.70	54.70	54.10	1.001 times
07 Tue May 2024	55.20	55.20	55.20	55.20	0.233 times
06 Mon May 2024	56.30	56.30	56.30	56.30	0.762 times
03 Fri May 2024	57.45	58.20	58.20	57.45	0.576 times
02 Thu May 2024	58.25	59.25	59.25	58.25	0.592 times
30 Tue Apr 2024	59.25	59.00	59.45	59.00	0.771 times
29 Mon Apr 2024	58.30	58.30	58.40	58.30	1.122 times
26 Fri Apr 2024	58.05	58.10	59.00	58.05	1.833 times
25 Thu Apr 2024	58.05	57.35	58.05	57.35	1.763 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 51.6, for a target of 55.4 or 58.62

Share price targets for Manaksia Steels (MANAKSTEEL_BE)

Target Type	Value
Downside Target	51.80
Downside Target	53.05
Upside Target	56.00
Upside Target	57.45
Upside Target	61.90
Upside Target	63.15
Upside Target	67.05
Upside Target	70.60
Upside Target	70.95
Upside Target	77.00
Upside Target	91.00
Upside Target	96.85
Upside Target	98.40

Intraday share price targets for Manaksia Steels (MANAKSTEEL_BE)

Target Type	Value
Downside Intraday Target	51.97
Downside Intraday Target	50.88
Upside Intraday Target	55.22
Upside Intraday Target	57.38
Upside Intraday Target	54.13

Weekly technical analysis of Manaksia Steels (MANAKSTEEL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Thu May 2024	53.05	56.30	56.30	53.05	0.863 times
03 Fri May 2024	57.45	58.30	59.45	57.45	0.36 times
26 Fri Apr 2024	58.05	58.50	59.00	56.00	1.792 times
19 Fri Apr 2024	58.50	61.90	61.90	58.35	2.51 times
12 Fri Apr 2024	63.15	67.05	67.05	63.15	0.088 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
09 Thu May 2024	53.05	59.25	59.25	53.05	0.099 times
30 Tue Apr 2024	59.25	58.80	70.95	56.00	0.344 times
28 Thu Mar 2024	56.20	74.50	77.00	51.80	0.655 times
29 Thu Feb 2024	74.50	93.50	96.85	70.60	7.243 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_BE)

Price action analysis of Manaksia Steels ( (MANAKSTEEL_BE) ) based on a short 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 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 SELL. Signal strength is Strong 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 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 57.17 and Manaksia Steels (MANAKSTEEL_BE) 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_BE) stock. Volume based technical analysis of Manaksia Steels (MANAKSTEEL_BE) 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.