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(MANAKALUCO) Manak Aluminium complete technical analysis [charts+indicators] | Buy/Sell Manak Aluminium | (MANAKALUCO) share price targets

Complete technical analysis of Manak Aluminium (MANAKALUCO) by charts plus indicators, forecast predictions and share price targets for Manak Aluminium (MANAKALUCO)

10 day averaged volume of Manak Aluminium is 35688

Date Daily Closing Price Open High Low Volume
25 Mon Nov 2024 25.90 25.85 26.10 25.20 0.924 times
22 Fri Nov 2024 24.98 25.18 25.59 24.90 1.015 times
21 Thu Nov 2024 25.18 26.25 26.25 25.11 0.563 times
19 Tue Nov 2024 25.83 25.93 26.60 25.77 1.531 times
18 Mon Nov 2024 25.91 27.25 27.30 25.77 1.27 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 26.2, but if it comes above 26.2, then a intra day buy could be more profitable.
If you take a sell trade below 26.2, then use 26.2 as stoploss and 24.5 as target. However if you take a buy trade in stock , then use 26.2 as stoploss and 27.57 as target.

Share price targets for Manak Aluminium (MANAKALUCO)

Target Type Value
Downside Target 23.95
Downside Target 24.55
Upside Target 27.21
Upside Target 28.50
Upside Target 29.61
Upside Target 29.99
Upside Target 30.22
Upside Target 31.80
Upside Target 35.02
Upside Target 35.88

Intraday share price targets for Manak Aluminium (MANAKALUCO)

Target Type Value
Downside Intraday Target 25.37
Downside Intraday Target 24.83
Upside Intraday Target 26.27
Upside Intraday Target 26.63
Downside Intraday Target 25.73

Weekly technical analysis of Manak Aluminium (MANAKALUCO)

Date Weekly Closing Price Open High Low Volume
25 Mon Nov 2024 25.90 25.85 26.10 25.20 0.211 times
22 Fri Nov 2024 24.98 27.25 27.30 24.90 0.971 times
14 Thu Nov 2024 26.81 29.98 29.99 26.41 1.023 times
08 Fri Nov 2024 28.57 29.70 30.22 27.49 1.318 times
01 Fri Nov 2024 29.13 27.35 29.61 27.35 0.448 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 Manak Aluminium (MANAKALUCO)

Date Monthly Closing Price Open High Low Volume
25 Mon Nov 2024 25.90 29.29 30.22 24.90 0.485 times
31 Thu Oct 2024 28.20 31.02 35.02 25.66 0.226 times
24 Wed Jul 2024 33.29 28.70 35.88 27.21 2.222 times
28 Fri Jun 2024 27.67 27.50 31.80 24.55 3.557 times

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 Manak Aluminium (MANAKALUCO)

Indicator Name Indicator Value Indicator Signal
ADX 17, 29, 27 Sell
MACD -2, -2Sell
Stochastics 8Sell
CCI -67Buy
RSI 51Buy
OBV -186998Sell
VWAP 27Sell
ADL 0Sell
ROC -9Sell
Force Index 0Sell

Price action analysis of Manak Aluminium ( (MANAKALUCO) ) 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 Manak Aluminium ( (MANAKALUCO) ) 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 Manak Aluminium ( (MANAKALUCO) ) 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 Manak Aluminium ( (MANAKALUCO) ) 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 Manak Aluminium stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Manak Aluminium in short term and the sell signal is strong.

Manak Aluminium Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls 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 Manak Aluminium in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Manak Aluminium is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 27.04 and Manak Aluminium (MANAKALUCO) 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 Manak Aluminium (MANAKALUCO) stock. Volume based technical analysis of Manak Aluminium (MANAKALUCO) stock is negative.

Manak Aluminium 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.

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