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(MANAKSTEEL) Manaksia Steels complete technical analysis [charts+indicators] | Buy/Sell Manaksia Steels | (MANAKSTEEL) share price targets

Complete technical analysis of Manaksia Steels (MANAKSTEEL) by charts plus indicators, forecast predictions and share price targets for Manaksia Steels (MANAKSTEEL)

10 day averaged volume of Manaksia Steels is 92678

Date Daily Closing Price Open High Low Volume
21 Thu Nov 2024 59.23 62.97 63.17 58.01 0.724 times
19 Tue Nov 2024 61.74 63.00 63.90 61.00 0.568 times
18 Mon Nov 2024 62.04 63.00 63.50 61.11 0.545 times
14 Thu Nov 2024 62.08 59.34 63.00 59.10 0.822 times
13 Wed Nov 2024 59.34 62.00 62.30 59.00 1.12 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 58.6, for a target of 62.1 or 65.04

Share price targets for Manaksia Steels (MANAKSTEEL)

Target Type Value
Downside Target 50.77
Downside Target 52.94
Downside Target 58.01
Upside Target 60.79
Upside Target 62.23
Upside Target 65.53
Upside Target 69.59
Upside Target 70.90
Upside Target 72.09
Upside Target 74.45
Upside Target 77.14

Intraday share price targets for Manaksia Steels (MANAKSTEEL)

Target Type Value
Downside Intraday Target 56.86
Downside Intraday Target 54.49
Upside Intraday Target 62.75
Upside Intraday Target 66.27
Upside Intraday Target 60.38

Weekly technical analysis of Manaksia Steels (MANAKSTEEL)

Date Weekly Closing Price Open High Low Volume
21 Thu Nov 2024 59.23 63.00 63.90 58.01 0.476 times
14 Thu Nov 2024 62.08 63.45 64.99 59.00 0.735 times
08 Fri Nov 2024 64.41 66.95 69.59 62.80 2.05 times
01 Fri Nov 2024 66.33 68.19 70.90 65.22 0.322 times
30 Wed Oct 2024 67.51 67.50 74.45 65.53 1.298 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)

Date Monthly Closing Price Open High Low Volume
21 Thu Nov 2024 59.23 67.88 69.59 58.01 0.241 times
31 Thu Oct 2024 67.44 70.00 77.14 62.23 1.032 times
30 Mon Sep 2024 68.97 55.71 72.09 52.94 1.649 times
30 Fri Aug 2024 55.71 59.90 62.99 50.77 2.193 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 Manaksia Steels (MANAKSTEEL)

Indicator Name Indicator Value Indicator Signal
ADX 14, 27, 32 Sell
MACD -2, -1Sell
Stochastics 22Sell
CCI -93Sell
RSI 60Buy
OBV -760445Sell
VWAP 64Sell
ADL 0Sell
ROC -11Sell
Force Index 0Sell

Price action analysis of Manaksia Steels ( (MANAKSTEEL) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Manaksia Steels ( (MANAKSTEEL) ) 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) ) 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) ) based on a mid to longer term time period is

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 in or above 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 but buying is losing 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 64.05 and Manaksia Steels (MANAKSTEEL) 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) stock. Volume based technical analysis of Manaksia Steels (MANAKSTEEL) 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.

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