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

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

Showing technical analysis as on 2024-02-09 View latest technical analysis

10 day averaged volume of Manak Aluminium is 112902

Date	Daily Closing Price	Open	High	Low	Volume
09 Fri Feb 2024	36.25	37.00	38.80	35.95	0.633 times
08 Thu Feb 2024	37.80	39.70	39.70	37.80	1.158 times
07 Wed Feb 2024	39.75	38.20	40.10	36.35	1.414 times
06 Tue Feb 2024	38.20	40.35	41.40	38.20	1.662 times
05 Mon Feb 2024	40.20	39.95	40.30	38.50	1.613 times
02 Fri Feb 2024	38.40	36.95	38.40	36.10	0.86 times
01 Thu Feb 2024	36.60	38.40	38.50	36.45	1.376 times
31 Wed Jan 2024	38.35	40.35	40.35	38.25	1.143 times
28 Mon Mar 2022	24.30	24.95	25.70	24.15	0.258 times
25 Fri Mar 2022	24.95	26.00	26.00	24.65	0.198 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 36.8 as stoploss in an intra day sell trade for a target of 30.41. However, stock will show a bullish move above 36.8.

Share price targets for Manak Aluminium (MANAKALUCO_BE)

Target Type	Value
Downside Target	21.10
Downside Target	22.60
Downside Target	24.00
Downside Target	25.35
Downside Target	26.50
Downside Target	28.35
Downside Target	31.00
Downside Target	35.95
Upside Target	38.25
Upside Target	40.35
Upside Target	41.40

Intraday share price targets for Manak Aluminium (MANAKALUCO_BE)

Target Type	Value
Downside Intraday Target	34.33
Downside Intraday Target	32.42
Upside Intraday Target	39.78
Upside Intraday Target	43.32
Upside Intraday Target	37.87

Weekly technical analysis of Manak Aluminium (MANAKALUCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Fri Feb 2024	36.25	39.95	41.40	35.95	1.782 times
02 Fri Feb 2024	38.40	24.95	40.35	24.15	2.183 times
25 Fri Mar 2022	24.95	26.80	26.95	24.60	0.835 times
17 Thu Mar 2022	25.60	24.95	26.50	24.05	0.47 times
11 Fri Mar 2022	24.70	23.60	25.35	22.70	0.795 times

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

Monthly technical analysis of Manak Aluminium (MANAKALUCO_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
09 Fri Feb 2024	36.25	38.40	41.40	35.95	7.625 times
31 Wed Jan 2024	38.35	40.35	40.35	38.25	0.088 times
28 Mon Mar 2022	24.30	23.55	26.95	22.60	1.057 times
28 Mon Feb 2022	23.55	24.30	28.35	21.10	0.599 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Manak Aluminium (MANAKALUCO_BE)

Price action analysis of Manak Aluminium ( (MANAKALUCO_BE) ) 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 Manak Aluminium ( (MANAKALUCO_BE) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Manak Aluminium ( (MANAKALUCO_BE) ) based on a short to mid 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 Manak Aluminium ( (MANAKALUCO_BE) ) 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 BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Manak Aluminium in short term and the buy signal is strong.

Manak Aluminium 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 green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Manak Aluminium in short term but SELL signal is weak.

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 Manak 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 37.78 and Manak Aluminium (MANAKALUCO_BE) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

People seem to be coming out and selling the Manak Aluminium (MANAKALUCO_BE) stock. Volume based technical analysis of Manak Aluminium (MANAKALUCO_BE) stock is negative.

Manak Aluminium 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.