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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 2024-12-06 View latest technical analysis

10 day averaged volume of Manali Petrochemicals is 553496

Date	Daily Closing Price	Open	High	Low	Volume
06 Fri Dec 2024	67.12	65.60	67.90	65.60	0.814 times
05 Thu Dec 2024	66.22	66.81	67.49	65.95	0.739 times
04 Wed Dec 2024	66.56	66.50	68.89	65.90	1.725 times
03 Tue Dec 2024	66.05	62.09	67.20	62.09	1.767 times
02 Mon Dec 2024	61.96	62.49	62.85	60.91	1.344 times
29 Fri Nov 2024	62.47	63.57	64.51	62.05	1.288 times
28 Thu Nov 2024	63.57	62.96	64.24	62.00	0.837 times
27 Wed Nov 2024	62.84	61.95	63.45	61.75	0.496 times
26 Tue Nov 2024	61.77	61.28	62.74	61.28	0.597 times
25 Mon Nov 2024	61.28	62.99	64.50	60.55	0.875 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 65.8, but if it comes below 65.8, then a intra day sell could be more profitable.
If you take a sell trade below 65.8, then use 65.8 as stoploss and 63.76 as target. However if you take a buy trade in stock , then use 65.8 as stoploss and 68.3 as target.

Share price targets for Manali Petrochemicals (MANALIPETC)

Target Type	Value
Downside Target	60.50
Downside Target	63.07
Downside Target	64.51
Upside Target	68.00
Upside Target	68.89
Upside Target	73.38
Upside Target	80.57
Upside Target	83.65
Upside Target	86.52
Upside Target	91.44
Upside Target	100.21

Intraday share price targets for Manali Petrochemicals (MANALIPETC)

Target Type	Value
Downside Intraday Target	62.39
Downside Intraday Target	57.66
Upside Intraday Target	70.37
Upside Intraday Target	73.62
Downside Intraday Target	65.64

Weekly technical analysis of Manali Petrochemicals (MANALIPETC)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Fri Dec 2024	67.12	62.49	68.89	60.91	1.561 times
29 Fri Nov 2024	62.47	62.99	64.51	60.55	2.226 times
22 Fri Nov 2024	62.23	63.22	65.00	60.50	0.641 times
14 Thu Nov 2024	63.22	66.70	68.00	61.01	0.547 times
08 Fri Nov 2024	66.56	72.40	73.38	65.60	2.288 times

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

Monthly technical analysis of Manali Petrochemicals (MANALIPETC)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Fri Dec 2024	67.12	62.49	68.89	60.91	0.45 times
29 Fri Nov 2024	62.47	71.70	73.38	60.50	1.081 times
31 Thu Oct 2024	71.70	83.00	83.65	63.07	0.819 times
30 Mon Sep 2024	82.82	90.73	91.44	80.57	0.676 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 tired and bears are picking up momentum.

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 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 64.27 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.