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

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

Showing technical analysis as on 2023-12-22 View latest technical analysis

10 day averaged volume of Manaksia Aluminium is 126739

Date	Daily Closing Price	Open	High	Low	Volume
22 Fri Dec 2023	23.90	24.60	24.65	23.50	0.923 times
21 Thu Dec 2023	24.15	23.35	24.40	23.35	0.475 times
20 Wed Dec 2023	23.85	25.20	25.20	23.60	0.849 times
19 Tue Dec 2023	25.00	25.10	25.25	24.85	0.905 times
18 Mon Dec 2023	24.95	24.70	25.80	24.25	2.732 times
15 Fri Dec 2023	24.60	24.70	25.00	24.30	1.52 times
14 Thu Dec 2023	24.45	24.25	24.55	24.10	0.973 times
13 Wed Dec 2023	24.35	24.00	24.45	23.60	1.083 times
12 Tue Dec 2023	23.90	24.00	24.20	23.80	0.401 times
11 Mon Dec 2023	24.05	24.30	24.50	23.90	0.592 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 23.8 as stoploss in an intra day buy trade for a target of 24.17. However, stock will show a bearish move below 23.8.

Share price targets for Manaksia Aluminium (MANAKALUCO)

Target Type	Value
Downside Target	22.65
Upside Target	24.70
Upside Target	25.00
Upside Target	25.65
Upside Target	25.80
Upside Target	26.40
Upside Target	28.60
Upside Target	28.70
Upside Target	29.60

Intraday share price targets for Manaksia Aluminium (MANAKALUCO)

Target Type	Value
Downside Intraday Target	22.9
Downside Intraday Target	21.9
Upside Intraday Target	25.35
Upside Intraday Target	26.8
Upside Intraday Target	24.35

Weekly technical analysis of Manaksia Aluminium (MANAKALUCO)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Fri Dec 2023	23.90	24.70	25.80	23.35	1.288 times
15 Fri Dec 2023	24.60	24.30	25.00	23.60	1.176 times
08 Fri Dec 2023	23.95	24.50	24.70	23.40	2.708 times
01 Fri Dec 2023	24.05	24.40	24.45	23.90	0.236 times
24 Fri Nov 2023	24.25	24.00	25.65	23.60	0.626 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 Aluminium (MANAKALUCO)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Fri Dec 2023	23.90	24.40	25.80	23.35	0.587 times
30 Thu Nov 2023	24.20	25.50	28.70	23.00	2.206 times
31 Tue Oct 2023	25.40	28.60	28.60	22.65	0.337 times
29 Fri Sep 2023	28.15	25.05	29.60	24.05	2.714 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 Manaksia Aluminium (MANAKALUCO)

Price action analysis of Manaksia 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 Manaksia Aluminium ( (MANAKALUCO) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Manaksia Aluminium ( (MANAKALUCO) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Manaksia 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 Manaksia Aluminium stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

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

Manaksia Aluminium 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 coming down

CCI has generated a buy signal for Manaksia Aluminium in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling 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 Aluminium is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 24.49 and Manaksia 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 Manaksia Aluminium (MANAKALUCO) stock. Volume based technical analysis of Manaksia Aluminium (MANAKALUCO) stock is negative.

Manaksia 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.