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(MANALIPETC) Manali Petrochemicals complete technical analysis [charts+indicators] | Buy/Sell Manali Petrochemicals | (MANALIPETC) share price targets

Complete technical analysis of Manali Petrochemicals (MANALIPETC) by charts plus indicators, forecast predictions and share price targets for Manali Petrochemicals (MANALIPETC)

Manali Petrochemicals trades in NSE in Petrochemicals sector.

Showing technical analysis as on 2024-03-07 View latest technical analysis

10 day averaged volume of Manali Petrochemicals is 378345

Date	Daily Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	66.70	67.50	67.50	66.10	1.362 times
06 Wed Mar 2024	66.50	68.20	68.50	65.65	1.688 times
05 Tue Mar 2024	68.40	68.80	69.50	67.85	0.956 times
04 Mon Mar 2024	68.65	70.25	70.50	68.35	1.168 times
02 Sat Mar 2024	70.25	69.50	70.50	69.35	0.153 times
01 Fri Mar 2024	69.20	69.90	70.55	69.00	0.879 times
29 Thu Feb 2024	69.25	68.35	70.80	67.20	1.167 times
28 Wed Feb 2024	68.30	70.40	70.95	68.00	1.42 times
27 Tue Feb 2024	70.40	71.20	72.25	70.00	0.879 times
26 Mon Feb 2024	71.20	72.00	72.70	71.00	0.801 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 68.4, but if it comes above 68.4, then a intra day buy could be more profitable.
If you take a sell trade below 68.4, then use 68.4 as stoploss and 65.7 as target. However if you take a buy trade in stock , then use 68.4 as stoploss and 70.66 as target.

Share price targets for Manali Petrochemicals (MANALIPETC)

Target Type	Value
Downside Target	64.50
Upside Target	67.20
Upside Target	70.50
Upside Target	75.35
Upside Target	75.75
Upside Target	75.80
Upside Target	78.80
Upside Target	83.95
Upside Target	84.65
Upside Target	87.20

Intraday share price targets for Manali Petrochemicals (MANALIPETC)

Target Type	Value
Downside Intraday Target	64.73
Downside Intraday Target	62.77
Upside Intraday Target	69.58
Upside Intraday Target	72.47
Upside Intraday Target	67.62

Weekly technical analysis of Manali Petrochemicals (MANALIPETC)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	66.70	70.25	70.50	65.65	0.976 times
02 Sat Mar 2024	70.25	72.00	72.70	67.20	0.589 times
23 Fri Feb 2024	72.10	73.60	75.75	70.85	0.462 times
16 Fri Feb 2024	73.35	78.15	78.80	67.65	0.735 times
09 Fri Feb 2024	77.40	80.30	83.95	75.80	1.667 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 Manali Petrochemicals (MANALIPETC)

Date	Monthly Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	66.70	69.90	70.55	65.65	0.094 times
29 Thu Feb 2024	69.25	79.00	83.95	67.20	0.641 times
31 Wed Jan 2024	78.75	79.40	87.20	75.35	0.72 times
29 Fri Dec 2023	79.30	66.80	84.65	65.60	7.153 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 Manali Petrochemicals (MANALIPETC)

Price action analysis of Manali Petrochemicals ( (MANALIPETC) ) 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 Manali Petrochemicals ( (MANALIPETC) ) 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 Manali Petrochemicals ( (MANALIPETC) ) 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 Manali Petrochemicals stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Manali Petrochemicals in short term and the sell signal is strong.

Manali Petrochemicals 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 moving up

CCI has generated a SELL signal for Manali Petrochemicals in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 Manali Petrochemicals is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 68.46 and Manali Petrochemicals (MANALIPETC) 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 Manali Petrochemicals (MANALIPETC) stock. Volume based technical analysis of Manali Petrochemicals (MANALIPETC) stock is negative.

Manali Petrochemicals 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.