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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 2024-04-08 View latest technical analysis

10 day averaged volume of Manali Petrochemicals is 1689560

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	74.45	73.00	74.90	71.40	0.936 times
05 Fri Apr 2024	72.35	71.95	73.40	70.45	1.111 times
04 Thu Apr 2024	71.95	71.50	73.20	69.75	1.486 times
03 Wed Apr 2024	70.80	62.30	72.50	62.20	3.828 times
02 Tue Apr 2024	62.30	61.00	62.50	60.55	0.472 times
01 Mon Apr 2024	60.70	56.40	60.95	56.40	0.595 times
28 Thu Mar 2024	56.20	57.10	58.35	55.95	0.592 times
27 Wed Mar 2024	56.85	58.10	59.70	56.20	0.741 times
26 Tue Mar 2024	58.00	59.55	60.00	57.85	0.465 times
22 Fri Mar 2024	59.55	59.65	60.55	59.25	0.414 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 74.6, for a target of 68.1 or 62.58

Share price targets for Manali Petrochemicals (MANALIPETC)

Target Type	Value
Downside Target	55.95
Downside Target	60.00
Downside Target	61.95
Downside Target	65.60
Downside Target	67.05
Downside Target	70.55
Downside Target	73.40
Upside Target	74.90
Upside Target	75.35
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	72.27
Downside Intraday Target	70.08
Upside Intraday Target	75.77
Upside Intraday Target	77.08
Downside Intraday Target	73.58

Weekly technical analysis of Manali Petrochemicals (MANALIPETC)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	74.45	73.00	74.90	71.40	0.125 times
05 Fri Apr 2024	72.35	56.40	73.40	56.40	4.168 times
28 Thu Mar 2024	56.20	59.55	60.00	55.95	1.327 times
22 Fri Mar 2024	59.55	61.05	61.95	58.00	0.663 times
15 Fri Mar 2024	61.05	67.00	67.05	57.10	1.765 times

Price has moved up 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
08 Mon Apr 2024	74.45	56.40	74.90	56.40	1.28 times
28 Thu Mar 2024	56.20	69.90	70.55	55.95	0.444 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

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 Manali Petrochemicals (MANALIPETC)

Price action analysis of Manali Petrochemicals ( (MANALIPETC) ) 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 Manali Petrochemicals ( (MANALIPETC) ) 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 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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Manali Petrochemicals in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Manali Petrochemicals 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 red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Manali Petrochemicals in short term and BUY 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 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 67.72 and Manali Petrochemicals (MANALIPETC) 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 Manali Petrochemicals (MANALIPETC) stock. Volume based technical analysis of Manali Petrochemicals (MANALIPETC) stock is negative.

Manali Petrochemicals 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.